Page 285 - TSMC 2019 Annual Report

Subsidiaries
VisEra Technologies Company Ltd. (VisEra Tech)
TSMC Europe B.V. (TSMC Europe)
VentureTech Alliance Fund III, L.P. (VTAF III)
TSMC Japan Limited (TSMC Japan)
VentureTech Alliance Fund II, L.P. (VTAF II)
TSMC Korea Limited (TSMC Korea)
TSMC Solar Europe GmbH
Principal Activities
Engaged in manufacturing electronic spare parts and in researching, developing, designing, manufacturing, selling, packaging and testing of color filter
Customer service and supporting activities
Investing in new start-up technology companies
Customer service and supporting activities
Investing in new start-up technology companies
Customer service and supporting activities
Selling of solar related products and providing customer service
December 31, 2019
December 31, 2018
December 31, 2019
87%
100% 98%
100% 98%
100% )-
December 31, 2018
87%
100% 98%
100% 98%
100% 100%
(Concluded)
Place of Incorporation and Operation
Hsinchu, Taiwan
Amsterdam, the Netherlands Cayman Islands
Yokohama, Japan Cayman Islands
Seoul, Korea
Carrying Amount
% of Ownership and Voting Rights Held by the Company
Hamburg, - Germany
$ 539,843,621
$ 531,717,913
$
4,541,741
462,479 231,504
142,620 75,095
40,727
$
4,531,929
445,828 194,660
141,136 128,758
40,966 (20,106
To lower the hedging cost, in 2018, the Company increased its investment in TSMC Global for the amount of NT$62,272,080 thousand. This project was approved by the Investment Commission, Ministry of Economic Affairs, R.O.C. (MOEA).
In 2018, the Company increased its investment in TSMC Nanjing for the amount of NT$2,361,320 thousand. This project was approved by the Investment Commission, MOEA.
TSMC Solar Europe GmbH has completed the liquidation procedures in March 2019. b. Investments in associates
Associates consisted of the following:
Place of Incorporation and Operation
Hsinchu, Taiwan
Singapore Taoyuan, Taiwan Hsinchu, Taiwan
Carrying Amount
% of Ownership and Voting Rights Held by the Company
December 31, 2019
$ 9,027,572
6,502,174 1,846,145 1,284,377
$ 18,660,268
December 31,
28%
39% 41% 35%
December 31, 2018
28%
39% 41% 35%
Name of Associate
Vanguard International Semiconductor Corporation (VIS)
Systems on Silicon Manufacturing Company Pte Ltd. (SSMC)
Xintec Inc. (Xintec)
Global Unichip Corporation (GUC)
Principal Activities
Manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing and design service of masks
Manufacturing and selling of integrated circuits and other semiconductor devices
Wafer level chip size packaging and wafer level post passivation interconnection service
Researching, developing, manufacturing, testing and marketing of integrated circuits
December 31,
2018 2019
$
9,006,126
5,772,815 1,764,607 1,299,423
$ 17,842,971
As of December 31, 2019 and 2018, no investments in associates are individually material to the Company. Please refer to the parent company only statements of comprehensive income for recognition of share of both profit (loss) and other comprehensive income (loss) of associates that are not individually material.
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