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Subsidiaries
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TSMC Subsidiaries Chart

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Business Scope of TSMC and Its Subsidiaries

TSMC and its subsidiaries strive to provide the best foundry services in the industry. Subsldlarles in North America, Europe, Japan, China, and South Korea are dedicated to servicing 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. Beginning in 2010, certain TSMC’s subsidiaries also engage in researching, developing, design

TSMC Subsidiaries

As of 12/31/2013

Unit: NT(USD, EUR, JPY, KRW, RMB, CAD)$ thousands

Company

Date of Incorporation

Place of Registration

Capital Stock

Business Activities

TSMC North America

Jan. 18, 1988

San Jose, California, U.S.

US$ 11,000

Selling and marketing of integrated circuits and semiconductor devices

TSMC Europe B.V.

Mar. 04, 1994

Amsterdam, the Netherlands

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 Development Fund, Inc.

Sep. 10, 1996

Cayman Islands

US$ 811

Investing in new start-up technology companies

InveStar Semiconductor Development Fund, Inc. (II) LDC.

Aug. 25, 2000

Cayman Islands

US$ 14,578

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

Washington, U.S.

US$ 80,000

Manufacturing, selling, testing and computer-aided designing of integrated circuits and other semiconductor devices

TSMC Partners, Ltd.

Mar. 26, 1998

Tortola, 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 Canada Inc.

May 28, 2007

Ontario, Canada

CAD 2,434

Engineering support activities

TSMC Global Ltd.

Jul. 13, 2006

Tortola, British Virgin Islands

US$ 1,284,000

Investment activities

Mutual-Pak Technology Co., Ltd.

Mar. 22, 2006

Taipei, Taiwan

NT$ 268,184

Manufacturing and selling of electronic parts and researching, developing and testing of RFID

Emerging Alliance Fund, L.P.

Jan. 10, 2001

Cayman Islands

US$ 24,155

Investing in new start-up technology companies

VentureTech Alliance Fund II, L.P.

Feb. 27, 2004

Cayman Islands

US$ 14,511

Investing in new start-up technology companies

VentureTech Alliance Fund III, L.P.

Mar. 25, 2006

Cayman Islands

US$ 115,679

Investing in new start-up technology companies

Growth Fund Limited

May 30, 2007

Cayman Islands

US$ 2,130

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 Ltd.

Aug. 16, 2011

Taichung, Taiwan

NT$ 11,341,000

Researching, developing, designing, manufacturing and selling renewable energy and energy saving related technologies and products

TSMC Solar North America, Inc.

Sep. 03, 2010

Delaware, U.S.

US$ 1

Selling and marketing of solar related products

TSMC Solar Europe B.V.

Sep. 29, 2010

Amsterdam, the Netherlands

EUR 100

Investing in solar related business

TSMC Solar Europe GmbH

Dec. 17, 2010

Hamburg , Germany

EUR 100

Selling of solar related products and providing customer service

TSMC Solid State Lighting Ltd.

Aug. 16, 2011

Hsinchu, Taiwan

NT$ 6,008,000

Researching, developing, designing, manufacturing and selling solid state lighting devices and related applications products and systems

TSMC Lighting North America, Inc.

Sep. 03, 2010

Delaware, U.S.

US$ 1

Selling and marketing of solid state lighting related products

TSMC Guang Neng Investment, Ltd.

Jan. 19, 2012

Taipei, Taiwan

NT$ 150,000

Investment activities

 

Shareholders in Common of TSMC and Its Subsidiaries with Deemed Control and Subordination:

None.

Rosters of Directors, Supervisors, and Presidents of TSMC’s Subsidiaries

As of 12/31/2013

Unit: NT$(USD/EUR), except shareholding

Company

Title

Name

Shareholding

Shares (Investment Amount)

% (Investment Holding%)

TSMC North America

 

 

 

Director

Director

President

 

Dick Thurston

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

Director

President

 

Lora Ho

Richard Thurston

Cliff Hou

Cliff Hou

 

-

-

-

-

TSMC Partners, Ltd. holds 10 shares

-

-

-

-

100%

InveStar Semiconductor
Development Fund, Inc.

 

Director

 

Wendell Huang

 

-

TSMC Partners, Ltd. holds 786,907 shares

-

97.09%

InveStar Semiconductor
Development Fund, Inc. (II) LDC.

Director

 

Wendell Huang

 

-

TSMC Partners, Ltd. holds 14,152,996 shares

-

97.09%

TSMC Development, Inc.

 

 

 

Chairman

Director

President

Lora Ho

Richard Thurston

Lora Ho

-

-

-

TSMC Partners, Ltd. holds 10 shares

-

-

-

100%

WaferTech, LLC

 

 

 

Director

Director

President

 

M.C. Tzeng

Steve Tso

Kuo-Chin Hsu

 

-

-

-

TSMC Development, Inc. holds 293,636,833 shares

-

-

-

100%

TSMC Partners, Ltd.

 

 

 

Director

Director

President

 

Lora Ho

Richard Thurston

Lora Ho

 

-

-

-

TSMC holds 988,268,244 shares

-

-

-

100%

TSMC Design Technology Canada Inc.

 

 

 

 

Director

Director

Director

President

 

Cliff Hou

Cormac Michael O’Connell

Richard Thurston

Cliff Hou

 

-

-

-

-

TSMC Partners, Ltd. holds 2,300,000 shares

-

-

-

-

100%

TSMC Global Ltd.

 

 

Director

Director

 

Lora Ho

Richard Thurston

 

-

-

TSMC holds 1,284 shares

-

-

100%

Mutual-Pak Technology Co., Ltd.

 

 

 

 

Chairman

Director

Director

 

Supervisor

President

Hsu-Tung Chen

Lewis Hwang

VentureTech Alliance Fund III,
 L.P.: Juine-Kai Tseng

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$24,034,590)

(99.50%)

VentureTech Alliance Fund II, L.P.

None

None

(TSMC’s investment US$14,221,019)

( 98.00%)

VentureTech Alliance Fund III, L.P.

 

None

 

None

 

(TSMC’s investment US$58,240,732)

(TSMC Solar Ltd.’s investment US$56,250,001)

( 50.35%)


(48.63%)

Growth Fund Limited

None

None

(VentureTech Alliance Fund III, L.P.’s investment US$2,130,000)

(100%)

VentureTech Alliance Holdings, LLC

None

None

None

(100%)

TSMC Solar Ltd.

 

 

 

 

 

 

Chairman

Director

Director

Supervisor

 

 

 

President

Rick Tsai (Note 1)

F.C. Tseng

Richard Thurston

Lora Ho

 

 

 

Ying-Chen Chao

-

-

-

-

TSMC holds 1,118,000,000 shares

TSMC Guang Neng Investment, Ltd.
holds 5,249,800 shares

1,200,000 shares

-

-

-

-

98.58%

0.46%

 

0.11%

TSMC Solar North America, Inc.

 

 

Director

Director

President

 

Lora Ho

Richard Thurston

Rick Tsai (Note 2)

-

-

-

TSMC Solar Ltd. holds 1,000 shares

-

-

-

100%

TSMC Solar Europe B.V.

 

 

Director

Director

 

Lora Ho

Richard Thurston

 

-

-

TSMC Solar Ltd. holds 200 shares

-

-

100%

TSMC Solar Europe GmbH

 

 

 

 

 

Director

Director

Director

Director

Director

 

Rick Tsai (Note 3)

Lora Ho

Richard Thurston

Stephen McKenery

Ying-Chen Chao

 

-

-

-

-

-

TSMC Solar Europe B.V. holds 200 shares

-

-

-

-

-

100%

TSMC Solid State Lighting Ltd.

 

 

 

 

 

 

Chairman

Director

Director

Supervisor

 

 

 

President

Rick Tsai (Note 1)

F.C. Tseng

Richard Thurston

Lora Ho

 

 

 

Jacob Tarn (Note 4)

-

-

-

-

TSMC holds 554,674,437 shares

TSMC Guang Neng Investment, Ltd. holds 5,435,878 shares

2,457,415 shares

-

-

-

-

92.32%

0.90%

 

0.41%

TSMC Lighting North America, Inc.

 

 

 

Director

Director

President

 

Lora Ho

Richard Thurston

Rick Tsai (Note 5)

 

-

-

-

TSMC Solid State Lighting Ltd. holds
1,000 shares

-

-

-

100%

TSMC Guang Neng Investment, Ltd.

 

Director

Director

Lora Ho

Richard Thurston

-

-

(TSMC’s investment NT$150,000,000)

-

-

100%

Note 1: Dr. Rick Tsai resigned as a director on January 27, 2014, succeeded by Dr. Stephen T. Tso.
Note 2: Dr. Rick Tsai resigned as President on January 27, 2014, succeeded by Mr. Ying-Chen Chao.
Note 3: Dr. Rick Tsai resigned as a director on January 27, 2014.
Note 4: Dr. Jacob Tarn resigned as President on February 20, 2014, succeeded by Mr. C.H. Chen.
Note 5: Dr. Rick Tsai resigned as President on January 27, 2014, succeeded by Mr. C.H. Chen.

Operational Highlights of TSMC Subsidiaries (Note)

As of 12/31/2013

Unit: NT$ thousands, except EPS ($)

Company

Capital Stock

Assets

Liabilities

Net Worth

Net Revenue

Income (Loss) from Operation

Net Income (Loss)

Basic Earnings (Loss) Per Share

TSMC North America

327,800

59,095,156

55,331,962

3,763,194

418,065,923

97,185

468,309

42.57

TSMC Europe B.V.

4,100

389,587

98,749

290,838

446,714

47,317

37,659

188,294.17

TSMC Japan Limited

85,020

171,807

47,045

124,762

237,267

10,791

4,717

786.16

TSMC Korea Limited

11,320

31,714

2,239

29,475

20,993

1,925

1,296

16.20

TSMC China Company Limited

22,015,171

26,389,517

2,362,958

24,026,559

17,047,495

4,917,422

5,192,936

N/A

TSMC Technology, Inc.

0.03

528,148

141,177

386,971

852,391

40,590

37,518

3,751,830.90

InveStar Semiconductor Development Fund, Inc.

24,153

297,024

41,168

255,857

226,292

191,163

190,339

234.84

InveStar Semiconductor Development Fund, Inc. (II) LDC.

434,412

333,283

1,098

332,185

97,291

73,178

73,175

5.02

TSMC Development, Inc.

0.03

20,614,259

-

20,614,259

2,612,431

2,611,740

2,593,196

259,319,585.23

WaferTech, LLC

2,384,000

8,515,086

808,506

7,706,580

8,495,239

2,512,407

2,558,757

8.71

TSMC Partners, Ltd.

29,450,394

42,862,161

-

42,862,161

3,516,600

3,516,560

3,516,560

3.56

TSMC Design Technology Canada Inc.

68,197

169,884

27,116

142,768

217,842

19,804

15,493

6.74

TSMC Global Ltd.

38,263,200

115,161,390

50,207,901

64,953,489

928,232

(107,256)

(172,392)

(134,261.45)

Mutual-Pak Technology Co., Ltd.

268,184

98,622

59,017

39,605

60,934

(18,454)

(19,129)

(0.71)

Emerging Alliance Fund, L.P.

719,830

145,652

-

145,652

13,413

4,025

(10,806)

N/A

VentureTech Alliance Fund II, L.P.

432,435

450,222

5,817

444,405

84,352

32,391

(3,662)

N/A

VentureTech Alliance Fund III, L.P.

3,447,244

888,020

298

887,722

37,833

(1,510,174)

(1,510,174)

N/A

Growth Fund Limited

63,474

18,075

-

18,075

-

(3,286)

(1,839)

N/A

VentureTech Alliance Holdings, LLC

-

-

-

-

-

-

-

N/A

TSMC Solar North America, Inc.

30

22,608

14,303

8,305

439

(37,126)

(36,733)

(36,732.98)

TSMC Lighting North America, Inc.

30

2,980

107

2,873

-

(65)

(65)

(65.19)

TSMC Solar Europe B.V.

4,100

89,407

211

89,196

-

(282)

(93,795)

(468,973.40)

TSMC Solar Europe GmbH

4,100

124,034

38,171

85,863

151,344

(51,325)

(93,917)

(469,587.03)

TSMC Solar Ltd.

11,341,000

7,213,235

2,635,931

4,577,304

259,158

(962,460)

(1,530,526)

(1.35)

TSMC Solid State Lighting Ltd.

6,008,000

3,008,574

674,396

2,334,178

178,335

(1,671,706)

(1,659,745)

(2.76)

TSMC Guang Neng Investment, Ltd.

150,000

86,412

1,250

85,162

-

(106)

(22,899)

N/A

Note: Foreign exchange rates for balance sheet amounts are as follows: $1 USD = $29.800 NT, $1 EUR = $41.00.NT,
$1 JPY = $0.2834 NT, $1 RMB = $4.89 NT, $1 KRW = $0.0283NT, $1 CAD = $28.02 NT
Foreign exchange rates for income statement amounts are as follows: $1 USD = $29.675 NT, $1 EUR = $39.54 NT,
$1 JPY = $0.3068 NT, $1 RMB = $4.83 NT, $1 KRW = $0.0272 NT, $1 CAD = $28.89 NT