Page 299 - TSMC 2020 Annual Report

a. Investments in subsidiaries Subsidiaries consisted of the following:
Place of Incorporation and Operation
Tortola, British Virgin Islands Shanghai, China
Tortola, British Virgin Islands
Nanjing, China Hsinchu, Taiwan
San Jose, California, U.S.A.
Phoenix, Arizona, U.S.A.
Amsterdam, the Netherlands Yokohama, Japan
Cayman Islands
Yokohama, Japan Cayman Islands
Seoul, Korea
Carrying Amount
% of Ownership and Voting Rights Held by the Company
Subsidiaries
TSMC Global Ltd. (TSMC Global)
TSMC China Company Limited (TSMC China)
TSMC Partners, Ltd. (TSMC Partners)
TSMC Nanjing Company Limited (TSMC Nanjing)
VisEra Technologies Company Ltd. (VisEra Tech)
TSMC North America TSMC Arizona
CorporationTSMC Arizona
TSMC Europe B.V. (TSMC Europe)
TSMC Design Technology Japan, Inc. (TSMC JDC)
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)
Principal Activities
Investment activities
Manufacturing, selling, testing and computer-aided design of integrated circuits and other semiconductor devices
Investing in companies involved in the design, manufacture, and other related business in the semiconductor industry and other investment activities
Manufacturing, selling, testing and computer-aided design of integrated circuits and other semiconductor devices
Engaged in manufacturing electronic spare parts and in researching, developing, designing, manufacturing, selling, packaging and testing of color filter
Selling and marketing of integrated circuits and other semiconductor devices
Manufacturing, selling and testing of integrated circuits and other semiconductor devices
Customer service and supporting activities
Engineering support 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
December 31, 2020
$ 382,229,039 64,243,766
52,649,936
33,573,482 6,363,099
4,568,059
842,745
537,737 292,266
214,881
144,784 82,441
42,395 $ 545,784,630
December 31, 2019
$ 397,737,270 57,289,154
53,388,267
21,364,939 4,541,741
4,569,825 -
462,479 -
231,504
142,620 75,095
40,727 $ 539,843,621
December 31, 2020
100% 100%
100%
100% 87%
100% 100%
100% 100%
98%
100% 98%
100%
December 31, 2019
100% 100%
100%
100% 87%
100% -
100% -
98%
100% 98%
100%
The Company established a subsidiary in November 2020 and invested in TSMC Arizona for the amount of NT$855,599 thousand.
The Company established a subsidiary in January 2020 and continually increased its investment in TSMC JDC for the amount of NT$302,560 thousand.
b. Investments in associates
Associates consisted of the following:
Place of Incorporation and Operation
Hsinchu, Taiwan
Carrying Amount
December 31, 2020
$ 9,029,890
% of Ownership and Voting Rights Held by the Company
December 31, 2019
28%
(Continued)
December 31,
28%
Name of Associate
Vanguard International Semiconductor Corporation (VIS)
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
December 31,
2019 2020
$ 9,027,572
- 140 -
- 140 -