- TSMC Vision, Mission & Core Values
- Letter to Shareholders
- Company Profile
- Corporate Governance
- Overview
- Board of Directors
- Major Resolutions of Shareholders’ Meeting and Board Meetings
- Taiwan Corporate Governance Implementation as Required by the Taiwan Financial Supervisory Commission
- Code of Ethics and Business Conduct
- Regulatory Compliance
- Internal Control System Execution Status
- Status of Personnel Responsible for the Company’s Financial and Business Operation
- Information Regarding TSMC’s Independent Auditor
- Material Information Management Procedure
- Capital and Shares
- Operational Highlights
- Financial Highlights and Analysis
- Corporate Social Responsibility
- Subsidiary Information and Other Special Notes
- Financial Statements
- Contact Information
- Downloads
- Previous Annual Reports
Subsidiaries
TSMC Subsidiaries Chart
Note 1: |
In August 2015, TSMC Solar Ltd. (“TSMC Solar”) ceased its manufacturing operations. TSMC Solar and TSMC Guang Neng Investment, Ltd. were incorporated into TSMC on December 14, 2015. After the incorporation, TSMC Solar Europe GmbH, the 100% owned subsidiary of TSMC Solar, is held directly by TSMC. TSMC Solar North America, the 100% owned subsidiary of TSMC Solar, completed the liquidation procedures in December 2015. |
|---|---|
Note 2: |
TSMC acquired OmniVision Technologies, Inc.'s (“OVT's”) 49.1% ownership in VisEra Holding Company (“VisEra Holding”) and 100% ownership in Taiwan OmniVision Investment Holding Co. (“OVT Taiwan”) on November 20, 2015. As a result, TSMC has obtained controls of VisEra Holding and OVT Taiwan; and has consolidated VisEra Holding, its subsidiary VisEra Technologies Company Ltd., and OVT Taiwan since November 20, 2015. |
Note 3: |
OVT Taiwan was renamed as Chi Cherng Investment Co., Ltd. in December 2015. |
Business Scope of TSMC and Its Subsidiaries
TSMC and its subsidiaries strive to provide the best foundry services in the industry. Subsidiaries in North America, Europe, Japan, China, and South Korea are dedicated to serving TSMC customers worldwide. WaferTech in the United States and TSMC China provide additional 8-inch wafer capacity. Other subsidiaries support the Company’s core foundry business with related services such as design service and invest in start-up companies involved in design, manufacturing, and other related businesses in the semiconductor industry.
TSMC Subsidiaries
Unit: NT(USD, EUR, JPY, KRW, RMB, CAD)$ thousands
As of 12/31/2015
Company (Note 1) |
Date of |
Place of Registration |
Capital Stock |
Business Activities |
|
|---|---|---|---|---|---|
TSMC North America |
Jan. 18, 1988 |
San Jose, |
US$ |
11,000 |
Selling and marketing of integrated circuits and |
TSMC Europe B.V. |
Mar. 04, 1994 |
Amsterdam, the |
EUR |
100 |
Marketing and engineering supporting activities |
TSMC Japan Limited |
Sep. 10, 1997 |
Yokohama, Japan |
JPY |
300,000 |
Marketing activities |
TSMC Korea Limited |
May 02, 2006 |
Seoul, Korea |
KRW |
400,000 |
Customer service and technical supporting activities |
TSMC China Company Limited |
Aug. 04, 2003 |
Shanghai, China |
RMB |
4,502,080 |
Manufacturing and selling of integrated circuits at the order of and pursuant to product design specifications provided by customers |
TSMC Technology, Inc. |
Feb. 20, 1996 |
Delaware, U.S. |
US$ |
0.001 |
Engineering support activities |
InveStar Semiconductor |
Sep. 10, 1996 |
Cayman Islands |
US$ |
600 |
Investing in new start-up technology companies |
InveStar Semiconductor |
Aug. 25, 2000 |
Cayman Islands |
US$ |
9,578 |
Investing in new start-up technology companies |
TSMC Development, Inc. |
Feb. 16, 1996 |
Delaware, U.S. |
US$ |
0.001 |
Investment activities |
WaferTech, LLC |
Jun. 03, 1996 |
Delaware, U.S. |
US$ |
0 |
Manufacturing, selling, testing and computer-aided designing of integrated circuits and other semiconductor devices |
TSMC Partners, Ltd. |
Mar. 26, 1998 |
British Virgin Islands |
US$ |
988,268 |
Investing in companies involved in the design, manufacture, and other related business in the semiconductor industry |
TSMC Design Technology |
May 28, 2007 |
Ontario, Canada |
CAD |
2,434 |
Engineering support activities |
TSMC Global Ltd. |
Jul. 13, 2006 |
British Virgin Islands |
US$ |
5,284,000 |
Investment activities |
Mutual-Pak Technology Co., Ltd. |
Mar. 22, 2006 |
New Taipei City, Taiwan |
NT$ |
268,184 |
Manufacturing of electronic parts, wholesaling and retailing of electronic materials, and researching, developing and testing of RFID |
Emerging Alliance Fund, L.P. |
Jan. 10, 2001 |
Cayman Islands |
US$ |
24,255 |
Investing in new start-up technology companies |
VentureTech Alliance Fund II, L.P. |
Feb. 27, 2004 |
Cayman Islands |
US$ |
14,911 |
Investing in new start-up technology companies |
VentureTech Alliance Fund III, L.P. |
Mar. 25, 2006 |
Cayman Islands |
US$ |
102,382 |
Investing in new start-up technology companies |
Growth Fund Limited |
May 30, 2007 |
Cayman Islands |
US$ |
1,462 |
Investing in new start-up technology companies |
VentureTech Alliance Holdings, LLC |
Apr. 25, 2007 |
Delaware, U.S. |
N/A |
Investing in new start-up technology companies |
|
TSMC Solar Europe GmbH |
Dec. 17, 2010 |
Hamburg, Germany |
EUR |
400 |
Selling of solar modules and related products and providing customer service |
VisEra Holding Company |
Mar. 31, 2005 |
Cayman Islands |
US$ |
87,500 |
Investment activities |
VisEra Technologies Company Ltd. |
Dec. 01, 2003 |
Hsinchu, Taiwan |
NT$ |
2,911,531 |
Engaged in manufacturing electronic spare parts and in researching, developing, designing, manufacturing, selling, packaging and testing of color filter |
Chi Cherng Investment Co. Ltd. |
Sep. 18, 2007 |
Taipei, Taiwan |
NT$ |
366,000 |
Investment activities |
TSMC Solar Ltd. (“TSMC Solar”) ceased manufacturing operations in August 2015. TSMC Solar and TSMC Guang Neng Investment, Ltd. were merged into TSMC on December 14, 2015. In the third quarter of 2015, the Board of Directors of TSMC Solar also approved the dissolution of TSMC Solar North America, Inc. and TSMC Solar Europe GmbH. TSMC Solar North America completed the dissolution in December 2015. |
|
Due to the expiration of the investment agreement between Emerging Alliance Fund, L.P. and TSMC, Emerging Alliance Fund, L.P. will complete its liquidation procedures in April 2016. |
|
Pursuant to TSMC Board’s approval on August 11, 2015, TSMC acquired OmniVision Technologies, Inc.’s 49.1% ownership in VisEra Holding Company (“VisEra Holding”) and 100% ownership in Taiwan OmniVision Investment Holding Co. Inc. (“OVT Taiwan”) on November 20, 2015. As a result, TSMC has obtained controls of VisEra Holding and OVT Taiwan; and has consolidated VisEra Holding, its subsidiary VisEra Technologies Company Ltd., and OVT Taiwan since November 20, 2015. After the acquisition, OVT Taiwan changed its name to Chi Cherng Investment Co., Ltd. |
Shareholders in Common of TSMC and Its Subsidiaries with Deemed Control and Subordination: None.
Rosters of Directors, Supervisors, and Presidents of TSMC’s Subsidiaries
Unit: NT$(USD), except shareholding
As of 12/31/2015
Company (Note 1) |
Title |
Name |
Shareholding |
|
|---|---|---|---|---|
Shares (Investment Amount) |
% (Investment |
|||
TSMC North America |
President President President |
Sylvia Fang Rick Cassidy Rick Cassidy |
- - - TSMC holds 11,000,000 shares |
- - - 100% |
TSMC Europe B.V. |
Director Director President |
Wendell Huang Maria Marced Maria Marced |
- - - TSMC holds 200 shares |
- - - 100% |
TSMC Japan Limited |
Director Director Supervisor President |
Chih-Chun Tsai Makoto Onodera Lora Ho Makoto Onodera |
- - - - TSMC holds 6,000 shares |
- - - - 100% |
TSMC Korea Limited |
Director Director Director |
Shing-Wha Lin Chih-Chun Tsai Wendell Huang |
- - - TSMC holds 80,000 shares |
- - - 100% |
TSMC China Company Limited |
Chairman Director Director Supervisor President |
F.C. Tseng M.C. Tzeng L.C. Tu Lora Ho L.C. Tu |
- - - - - (TSMC’s investment US$596,000,000) |
- - - - - (100%) |
TSMC Technology, Inc. |
Chairman Director President |
Lora Ho Cliff Hou Cliff Hou |
- - - TSMC Partners, Ltd. holds 10 shares |
- - - 100% |
InveStar Semiconductor |
Director |
Wendell Huang |
- TSMC Partners, Ltd. holds 582,523 shares |
- 97.09% |
InveStar Semiconductor |
Director |
Wendell Huang |
- TSMC Partners, Ltd. |
- 97.09% |
TSMC Development, Inc. |
Chairman Director President |
Lora Ho Sylvia Fang Lora Ho |
- - - TSMC Partners, Ltd. holds 10 shares |
- - - 100% |
WaferTech, LLC |
Director Director President |
M.C. Tzeng Steve Tso Tsung-Chia Kuo |
- - - TSMC Development, Inc. |
- - - 100% |
TSMC Partners, Ltd. |
Director Director President |
Lora Ho Sylvia Fang Lora Ho |
- - - TSMC holds 988,268,244 shares |
- - - 100% |
TSMC Design Technology Canada Inc. |
Director Director Director President |
Cliff Hou Cormac Michael O’Connell Sylvia Fang Cliff Hou |
- - - - TSMC Partners, Ltd. |
- - - - 100% |
TSMC Global Ltd. |
Director Director |
Lora Ho Sylvia Fang |
- - TSMC holds 5,284 shares |
- - 100% |
Mutual-Pak Technology Co., Ltd. |
Chairman Director Director
Supervisor President |
Hsu-Tung Chen Lewis Hwang Representative of Wei-Pong Lin Lewis Hwang |
1,107,010 shares 2,508,000 shares 15,643,347 shares
30,000 shares 2,508,000 shares |
4.13% 9.35% 58.33%
0.11% 9.35% |
Emerging Alliance Fund, L.P. |
None |
None |
(TSMC’s investment US$24,134,090) |
(99.50%) |
VentureTech Alliance Fund II, L.P. |
None |
None |
(TSMC’s investment US$14,613,019) |
( 98.00%) |
VentureTech Alliance Fund III, L.P. |
None |
None |
(TSMC’s investment US$100,334,790) |
(98.00%) |
Growth Fund Limited |
None |
None |
(VentureTech Alliance Fund III, |
(100%) |
VentureTech Alliance Holdings, LLC |
None |
None |
None |
(100%) |
TSMC Solar Europe GmbH
|
Director Director |
Lora Ho C.H. Chen |
- - TSMC holds 800 shares |
- - 100% |
VisEra Holding Company
|
Director Director |
Robert Kuan J.K. Lin
|
- - TSMC Partners, Ltd |
- - 98.29% |
VisEra Technologies Company Ltd. |
Chairman Director |
Robert Kuan J.K. Lin |
54,600 shares - - - - VisEra Holding Company |
0.02% - - - - 86.94% |
Chi Cherng Investment Co. Ltd. |
Chairman Director Director Supervisor |
Lora Ho J.K. Lin Sylvia Fang Wendell Huang |
- - - - TSMC holds 36,600,000 shares |
- - - - 100% |
TSMC Solar Ltd. (“TSMC Solar”) ceased manufacturing operations in August 2015. TSMC Solar and TSMC Guang Neng Investment, Ltd. were merged into TSMC on December 14, 2015. In the third quarter of 2015, the Board of Directors of TSMC Solar also approved the dissolution of TSMC Solar North America, Inc. and TSMC Solar Europe GmbH. TSMC Solar North America completed the dissolution in December 2015. |
|
Due to the expiration of the investment agreement between Emerging Alliance Fund, L.P. and TSMC, Emerging Alliance Fund, L.P. will complete its liquidation procedures in April 2016. |
|
Pursuant to TSMC Board’s approval on August 11, 2015, TSMC acquired OmniVision Technologies, Inc.’s 49.1% ownership in VisEra Holding Company (“VisEra Holding”) and 100% ownership in Taiwan OmniVision Investment Holding Co. Inc. (“OVT Taiwan”) on November 20, 2015. As a result, TSMC has obtained controls of VisEra Holding and OVT Taiwan; and has consolidated VisEra Holding, its subsidiary VisEra Technologies Company Ltd., and OVT Taiwan since November 20, 2015. After the acquisition, OVT Taiwan changed its name to Chi Cherng Investment Co., Ltd. |
Operational Highlights of TSMC Subsidiaries (Note)
Unit: NT$ thousands, except EPS ($)
As of 12/31/2015
Foreign exchange rates for balance sheet amounts are as follows: |