Page 171 - 2017 TSMC Annual Report

The subsidiaries in the consolidated financial statements
The detail information of the subsidiaries at the end of reporting period was as follows:
Note a: Note b:
Note c: Note d:
Note e: Note f:
Note g:
This is an immaterial subsidiary for which the consolidated financial statements are not audited by the Company’s independent accountants.
Under the investment agreement entered into with the municipal government of Nanjing, China on March 28, 2016, the Company will make an investment in Nanjing in the amount of approximately US$3 billion to establish a subsidiary operating a 300mm wafer fab with the capacity of 20,000 12-inch wafers per month, and a design service center. TSMC Nanjing was established in May 2016.
TSMC Solar Europe GmbH is under liquidation procedures.
To simplify investment structure, VisEra Tech owned by VisEra Holding Company (VisEra Holding) was transferred to TSMC in the third quarter of 2016. In October 2016, VisEra Holding was incorporated into TSMC Partners, the subsidiary of TSMC.
ISDF and ISDF II are under liquidation procedures.
Starting December 2017, the Company no longer had the majority of voting power and control over Mutual-Pak. using the equity method.
VTA Holdings completed the liquidation procedures in April 2017.
As a result, Mutual-Pak is no longer consolidated and is accounted for
Foreign Currencies
The financial statements of each individual consolidated entity were expressed in the currency which reflected its primary economic environment (functional currency). The functional currency of TSMC and presentation currency of the consolidated financial statements are both New Taiwan Dollars (NT$). In preparing the consolidated financial statements, the operating results and financial positions of each consolidated entity are translated into NT$.
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Establishment and Operating Location
San Jose, California, U.S.A.
Yokohama, Japan
Tortola, British Virgin Islands
Seoul, Korea
Amsterdam, the Netherlands
Tortola, British Virgin Islands
Shanghai, China Nanjing, China
Cayman Islands Cayman Islands Hamburg, Germany Hsinchu, Taiwan
Ontario, Canada
Delaware, U.S.A. Delaware, U.S.A.
Cayman Islands Cayman Islands Washington, U.S.A. New Taipei, Taiwan
Cayman Islands Delaware, U.S.A.
Percentage of Ownership
Name of Investor
TSMC
Name of Investee
TSMC North America
TSMC Japan Limited (TSMC Japan)
TSMC Partners, Ltd. (TSMC Partners)
TSMC Korea Limited (TSMC Korea)
TSMC Europe B.V. (TSMC Europe)
TSMC Global, Ltd. (TSMC Global)
TSMC China Company Limited (TSMC China)
TSMC Nanjing Company Limited (TSMC Nanjing)
VentureTech Alliance Fund III, L.P. (VTAF III)
VentureTech Alliance Fund II, L.P. (VTAF II)
TSMC Solar Europe GmbH
VisEra Technologies Company Ltd. (VisEra Tech)
TSMC Design Technology Canada Inc. (TSMC Canada)
TSMC Technology, Inc. (TSMC Technology) TSMC Development, Inc.
(TSMC Development)
InveStar Semiconductor Development Fund, Inc. (ISDF)
InveStar Semiconductor Development Fund, Inc. (II) LDC. (ISDF II)
WaferTech, LLC (WaferTech)
Mutual-Pak Technology Co., Ltd. (Mutual-Pak)
Growth Fund Limited (Growth Fund)
VentureTech Alliance Holdings, LLC (VTA Holdings)
Main Businesses and Products
Selling and marketing of integrated circuits and other semiconductor devices
Customer service and supporting activities
Investing in companies involved in the design, manufacture, and other related business in the semiconductor industry and other investment activities
Customer service and supporting activities
Customer service and supporting activities
Investment activities
Manufacturing, selling, testing and computer-aided design of integrated circuits and other semiconductor devices
Manufacturing, selling, testing and computer-aided design of integrated circuits and other semiconductor devices
Investing in new start-up technology companies
Investing in new start-up technology companies
Selling of solar related products and providing customer service
Engaged in manufacturing electronic spare parts and in researching, developing, designing, manufacturing, selling, packaging and testing of color filter
Engineering support activities
Engineering support activities
Investing in companies involved in the manufacturing related business in the semiconductor industry
Investing in new start-up technology companies
Investing in new start-up technology companies
Manufacturing, selling and testing of integrated circuits and other semiconductor devices
Manufacturing of electronic parts, wholesaling and retailing of electronic materials, and researching, developing and testing of RFID
Investing in new start-up technology companies
Investing in new start-up technology companies
December 31, 2017
100% 100% 100%
100% 100% 100% 100%
100%
98%
98% 100% 87%
100%
100% 100%
97%
97% 100% 39%
100% -
December 31, 2016
100% 100% 100%
100% 100% 100% 100%
100%
98%
98% 100% 87%
100%
100% 100%
97%
97% 100% 58%
100% 100%
Note
- a) a)
a) a) - -
b)
a)
a) a), c) d)
a)
a) -
a) , e) a) , e) - a) , f)
a) a) , g)
TSMC Partners
TSMC Development VTAF III
VTAF III, VTAF II and TSMC