Annual Reports  >  2014  >  Subsidiary Information and Other Special Notes > Subsidiaries
Subsidiaries
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TSMC Subsidiaries Chart

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Note 1: To simplify overseas investment structure, in the second quarter of 2014, the Board of Directors of TSMC Solar approved to file for the liquidation of TSMC Solar Europe. After the liquidation, TSMC Solar Europe GmbH, the 100% owned subsidiary of TSMC Solar Europe, will be held directly by TSMC Solar. The liquidation procedure has been processed starting from the third quarter of 2014.
Note 2:
(1) To simplify overseas investment structure, in the second quarter of 2014, the Board of Directors of TSMC SSL approved to file for the liquidation of TSMC Lighting NA. The liquidation procedure has been completed in the third quarter of 2014.
(2) On January 9, 2015, the Board of Directors of TSMC approved to sell all shares of TSMC SSL held by TSMC and TSMC’s subsidiary to Epistar Corporation. The transaction was completed on February 17, 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 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 subsidiaries also engage in researching, developing, designing, manufacturing and selling of solid state lighting devices and related products and systems, and solar-related technologies and products. On December 31, 2014, we reclassified TSMC SSL as a disposal group held for sale. On February 17, 2015, TSMC SSL ceased to be TSMC’s subsidiary because TSMC’s and TSMC subsidiary’ shares in TSMC SSL were sold to Epistar Corporation.

TSMC Subsidiaries

As of 12/31/2014

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

Company (Note 1)

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$ 600 Investing in new start-up technology companies
InveStar Semiconductor Development Fund, Inc. (II) LDC.

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

Washington, U.S.

US$ 0 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$ 3,284,000 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$ 24,255 Investing in new start-up technology companies
VentureTech Alliance Fund II, L.P.

Feb. 27, 2004

Cayman Islands

US$ 14,811 Investing in new start-up technology companies
VentureTech Alliance Fund III, L.P.

Mar. 25, 2006

Cayman Islands

US$ 113,674 Investing in new start-up technology companies
Growth Fund Limited

May 30, 2007

Cayman Islands

US$ 2,180 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. (Note 2)

Sep. 29, 2010

Amsterdam, the Netherlands

EUR 100 Investing in solar related business
TSMC Solar Europe GmbH (Note 2)

Dec. 17, 2010

Hamburg , Germany

EUR 100 Selling of solar related products and providing customer service
TSMC Solid State Lighting Ltd. (Note 3)

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 Guang Neng Investment, Ltd.

Jan. 19, 2012

Taipei, Taiwan

NT$ 200,000 Investment activities
Note 1: To simplify overseas investment structure, in the second quarter of 2014, the Board of Directors of TSMC SSL approved to file for the liquidation of TSMC Lighting NA. The liquidation procedure has been completed in the third quarter of 2014.
Note 2: To simplify overseas investment structure, in the second quarter of 2014, the Board of Directors of TSMC Solar approved to file for the liquidation of TSMC Solar Europe. After the liquidation, TSMC Solar Europe GmbH, the 100% owned subsidiary of TSMC Solar Europe, will be held directly by TSMC Solar. The liquidation procedure has been processed starting from the third quarter of 2014.
Note 3: On December 31, 2014, we reclassified TSMC SSL as a disposal group held for sale. On February 17, 2015, TSMC SSL ceased to be TSMC’s subsidiary because TSMC’s and TSMC subsidiary’ shares in TSMC SSL were sold to Epistar Corporation.

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 12/31/2014

Unit: NT$(USD), except shareholding

Company (Note 1)

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
President
Lora Ho
Cliff Hou
Cliff Hou

-

-

-

TSMC Partners, Ltd. holds 10 shares

-

-

-

100%

InveStar Semiconductor Development Fund, Inc. Director Wendell Huang

-

TSMC Partners, Ltd. holds
582,523 shares

-

97.09%

InveStar Semiconductor Development Fund, Inc. (II) LDC. Director Wendell Huang

-

TSMC Partners, Ltd. holds
9,298,625 shares

-

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
Kuo-Chin Hsu

-

-

-

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

-

-

-

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. holds 2,300,000 shares

-

-

-

-

100%

TSMC Global Ltd.

Director
Director
Lora Ho
Sylvia Fang

-

-

TSMC holds 3,284 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$24,255,367)

(99.50%)

VentureTech Alliance Fund II, L.P.

None

None

(TSMC’s investment US$14,811,244))

(98.00%)

VentureTech Alliance Fund III, L.P.

None

 

None

 

(TSMC’s investment US$113,674,346)

(98.00%)

Growth Fund Limited

None

None

(VentureTech Alliance Fund III, L.P.’s investment US$2,180,000)

(100%)

VentureTech Alliance Holdings, LLC

None

None

None

(100%)

TSMC Solar Ltd.

Chairman
Director
Director
Supervisor
President
Steve Tso
F.C. Tseng
Lora Ho
Wendell Huang
(Note 2)

-

-

-

-


TSMC holds 1,118,000,000 shares

TSMC Guang Neng Investment, Ltd.
holds 5,309,152 shares

-

-

-

-


98.58%

0.47%

TSMC Solar North America, Inc.

Director
Director
President
Lora Ho
Sylvia Fang
Ying-Chen Chao

-

-

-

TSMC Solar Ltd. holds 1,000 shares

-

-

-

100%

TSMC Solar Europe B.V.
(Note 3)
Director
Director
Lora Ho
Richard Thurston

-

-

TSMC Solar Ltd. holds 200 shares

-

-

100%

TSMC Solar Europe GmbH (Note 3) Director
Director
Lora Ho
Ying-Chen Chao

-

-

TSMC Solar Europe B.V. holds 200 shares (Note 3)

-

-

100%

TSMC Solid State Lighting Ltd. (Note 4) Chairman
Director
Director
Supervisor
President
Steve Tso
F.C. Tseng
Lora Ho
Wendell Huang
C.H. Chen

-

-

-

-

-

TSMC holds 554,674,437 shares

TSMC Guang Neng Investment, Ltd. Holds 10,806,037 shares

-

-

-

-

-

92.32%

1.80%

TSMC Guang Neng Investment, Ltd.

Director

Director

Lora Ho

Sylvia Fang

-

-

(TSMC’s investment NT$200,000,000)

-

-

100%

Note 1: To simplify overseas investment structure, in the second quarter of 2014, the Board of Directors of TSMC SSL approved to file for the liquidation of TSMC Lighting NA. The liquidation procedure has been completed in the third quarter of 2014.
Note 2: Mr. Ying-Chen Chao resigned as President on November 22, 2014. Mr. C.H. Chen was appointed to take the vacancy, effective on January 12, 2015.
Note 3: To simplify overseas investment structure, in the second quarter of 2014, the Board of Directors of TSMC Solar approved to file for the liquidation of TSMC Solar Europe. After the liquidation, TSMC Solar Europe GmbH, the 100% owned subsidiary of TSMC Solar Europe, will be held directly by TSMC Solar. The liquidation procedure has been processed starting from the third quarter of 2014.
Note 4: On December 31, 2014, we reclassified TSMC SSL as a disposal group held for sale. On February 17, 2015, TSMC SSL ceased to be TSMC’s subsidiary because TSMC’s and TSMC subsidiary’ shares in TSMC SSL were sold to Epistar Corporation.

Operational Highlights of TSMC Subsidiaries (Note)

As of 12/31/2014

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

348,898

97,812,833

93,828,463

3,984,370

495,744,116

(14,266)

(60,200)

(5.47)

TSMC Europe B.V.

3,857

425,349

113,297

312,052

484,455

51,287

40,265

201,324.25

TSMC Japan Limited

79,560

167,062

46,946

120,116

229,000

10,005

3,655

609.12

TSMC Korea Limited

11,640

36,107

2,680

33,427

25,917

2,356

3,086

38.57

TSMC China Company Limited

23,016,884

35,818,491

3,849,884

31,968,607

19,736,436

6,100,111

6,587,991

NA

TSMC Technology, Inc.

0.03

675,662

199,540

476,122

1,272,852

60,612

61,349

6,134,854.03

InveStar Semiconductor Development Fund, Inc.

19,031

45,356

40,857

4,500

24

(13,875)

(13,876)

(17.63)

InveStar Semiconductor Development Fund, Inc. (II) LDC

303,782

805,145

84,662

720,483

71,936

43,694

43,693

4.56

TSMC Development, Inc.

0.03

19,072,181

-

19,072,181

1,731,643

1,730,439

1,686,286

168,628,571.57

WaferTech, LLC

-

8,159,897

814,712

7,345,185

8,651,858

2,458,457

1,604,287

5.46

TSMC Partners, Ltd.

31,345,892

47,453,005

-

47,453,005

1,477,460

1,467,994

1,465,573

1.48

TSMC Design Technology Canada Inc.

66,663

177,730

22,373

155,357

217,999

19,818

15,868

6.90

TSMC Global Ltd.

104,161,912

196,337,823

64,006,990

132,330,833

1,614,016

419,559

338,151

102,969.22

Mutual-Pak Technology Co., Ltd.

268,184

92,726

66,793

25,932

116,494

(12,393)

(13,673)

(0.51)

Emerging Alliance Fund, L.P.

769,332

155,901

-

155,901

-

(3,919)

(2,194)

NA

VentureTech Alliance Fund II, L.P.

469,783

475,968

3,047

472,922

2,135

(9,185)

(9,169)

NA

VentureTech Alliance Fund III, L.P.

3,605,523

804,410

-

804,410

155,795

(67,776)

(67,776)

NA

Growth Fund Limited

69,145

17,378

-

17,378

-

(3,291)

(3,291)

NA

VentureTech Alliance Holdings, LLC

-

-

-

-

-

-

-

NA

TSMC Solar North America, Inc.

32

31,774

16,076

15,698

16,457

(23,591)

(23,738)

(23,738.31)

TSMC Solar Europe B.V.

3,857

1,235

249

987

-

(637)

(86,518)

(432,587.78)

TSMC Solar Europe GmbH

3,857

180,435

181,975

(1,540)

380,171

(85,567)

(85,880)

(429,397.50)

TSMC Solar Ltd.

11,341,000

7,854,352

4,969,718

2,884,634

738,355

(1,176,403)

(1,722,175)

(1.52)

TSMC Solid State Lighting Ltd.

6,008,000

945,356

220,191

725,165

120,367

(2,452,475)

(1,618,784)

(2.69)

TSMC Guang Neng Investment, Ltd.

200,000

65,560

-

65,560

-

(100)

(37,069)

NA

Note: Foreign exchange rates for balance sheet amounts are as follows:
$1 USD = $31.718 NT, $1 EUR = $38.57 NT, $1 JPY = $0.2652 NT, $1 RMB = $5.11 NT, $1 KRW = $0.0291 NT,
$1 CAD = $27.39 NT
Foreign exchange rates for income statement amounts are as follows:
$1 USD = $30.288 NT, $1 EUR = $40.39 NT, $1 JPY = $0.2879 NT, $1 RMB = $4.92 NT, $1 KRW = $0.0288 NT,
$1 CAD = $27.51 NT