8.1 Subsidiaries

8.1.2 Business Scope of TSMC and Its Subsidiaries

8.1.1 TSMC Subsidiaries Chart

TSMC and its subsidiaries strive to deliver the best foundry services. WaferTech in the United States and TSMC China provide 8-inch
wafer capacity, while TSMC Nanjing provides 12-inch wafer capacity. In addition, TSMC Arizona in the United States and Japan
Advanced Semiconductor Manufacturing, Inc. in Japan are currently scheduled to provide 12-inch wafer capacity by the end of2024. TSMC’s subsidiaries in North America, Europe, Japan, China, South Korea and other regions are dedicated to providing timely
services and engineering support to customers worldwide and also support the Company’s core foundry business with related
services as well as investing in start-up companies in the semiconductor industry.

As of 12/31/2022

TSMC North America
Shareholding: 100%
TSMC Europe B.V.
Shareholding: 100%

8.1.3 TSMC Subsidiaries

TSMC Japan Limited
Shareholding: 100%

Unit: NT$ (USD, EUR, JPY, KRW, RMB, CAD) thousandsTSMC Design Technology Japan, Inc.
Shareholding: 100%
TSMC Japan 3DIC R&D Center, Inc.
Shareholding: 100%
TSMC Korea LimitedShareholding: 100%

TaiwanSemiconductor
Manufacturing
Company Limited

TSMC Development, Inc.
Shareholding: 100%

TSMC Partners, Ltd.
Shareholding: 100%

TSMC Technology, Inc.
Shareholding: 100%

TSMC Global Ltd.
Shareholding: 100%

TSMC Design Technology Canada Inc.
Shareholding: 100%

TSMC China Company Limited
Shareholding: 100%
TSMC Nanjing Company Limited
Shareholding: 100%
VisEra Technologies Company Ltd.
Shareholding: 68%
TSMC Arizona Corporation
Shareholding: 100%
Japan Advanced Semiconductor
Manufacturing, Inc.
Shareholding: 71%
VentureTech Alliance Fund II, L.P.
Shareholding: 98%
VentureTech Alliance Fund III, L.P.
Shareholding: 98%

WaferTech, LLC
Shareholding: 100%

As of 12/31/2022

Company

Date ofIncorporation

Place of Registration

Capital Stock

TSMC North America

Jan. 18, 1988

San Jose, California, U.S.

US$Business Activities
11,000

Sales and marketing of integrated circuits andsemiconductor devices

TSMC Europe B.V.

Mar. 04, 1994

Amsterdam, The Netherlands

EUR

100

Customer service and supporting activities

TSMC Japan Limited

Sep. 10, 1997

Yokohama, Japan

JPY

300,000

Customer service and supporting activities

TSMC Korea Limited

May 02, 2006

Seoul, Korea

KRW

400,000

Customer service and supporting activities

TSMC Design Technology Japan, Inc.

Jan. 10, 2020

Yokohama, Japan

JPY

750,000

Engineering support activities

TSMC Japan 3DIC R&D Center, Inc.

Mar. 29, 2021

Yokohama, Japan

JPY

2,450,000

Engineering support activities

TSMC China Company Limited

Aug. 04, 2003

Shanghai, China

RMB

4,502,080

Manufacturing, sales, testing, and computer-aided designof integrated circuits and other semiconductor devices

TSMC Nanjing Company Limited

May 16, 2016

Nanjing, China

RMB

6,650,119

Manufacturing, sales, testing, and computer-aided designof integrated circuits and other semiconductor devices

TSMC Arizona Corporation

Nov. 10, 2020

Arizona, U.S.

US$1.27

Manufacturing, sales, and testing of integrated circuits andother semiconductor devices

Japan Advanced Semiconductor Manufacturing,Inc.

Dec. 10, 2021

Kumamoto, Japan

JPY

71,444,000

Manufacturing, sales, testing, and computer-aided designof integrated circuits and other semiconductor devices

TSMC Technology, Inc.

Feb. 20, 1996

Delaware, U.S.

US$0.001

Engineering support activities

TSMC Development, Inc.

Feb. 16, 1996

Delaware, U.S.

US$0.001

Investing in companies involved in semiconductor
manufacturing

WaferTech, LLC

Jun. 03, 1996Delaware, U.S.

US$0

Manufacturing, sales, and testing of integrated circuits andother semiconductor devices

TSMC Partners, Ltd.

Mar. 26, 1998

British Virgin Islands

US$988,268

Investing in companies involved in the semiconductor
design and manufacturing, and other investment activities

TSMC Design Technology Canada Inc.

May 28, 2007

Ontario, CanadaCAD

2,434

TSMC Global Ltd.

Jul. 18, 2006

British Virgin IslandsUS$

11,384,000

VentureTech Alliance Fund II, L.P.

Feb. 27, 2004

Cayman Islands

US$3,487

VentureTech Alliance Fund III, L.P.

Mar. 25, 2006

Cayman Islands

US$93,898

Investing in technology start-up companies

Growth Fund Limited

May 30, 2007

Cayman Islands

US$

2,195

Investing in technology start-up companies
Investing in technology start-up companies

Emerging Fund, L.P.

Jan. 27, 2021

Cayman Islands

US$

43,109VisEra Technologies Company Ltd.

Dec. 01, 2003

Hsinchu, Taiwan

NT$

3,155,341

Engineering support activities
Investment activities
Investing in technology start-up companies

Research, design, development, manufacturing, sales,packaging and test of color filter

Growth Fund Limited
Shareholding: 100%

Emerging Fund L.P.
Shareholding: 99.9%

176

177

8.1.4 S hareholders in Common of TSMC and Its Subsidiaries with Deemed Control and Subordination: None.

Shareholding

8.1.5 Rosters of Directors, Supervisors, and Presidents of TSMC’s Subsidiaries
Unit: NT$ (USD), except shareholdingAs of 12/31/2022

Shareholding
Company

Title

Name

TSMC North America

Director
Director
President/CEO

Sylvia Fang
David Keller
David Keller

Director
Director
President

TSMC Europe B.V

TSMC Japan Limited

TSMC Korea Limited

TSMC Design Technology Japan, Inc.

TSMC Japan 3DIC R&D Center, Inc.

TSMC China Company Limited

TSMC Nanjing Company Limited

TSMC Arizona Corporation

Title

Name

Japan Advanced Semiconductor
Manufacturing, Inc.

Representative Director
Director
Director
Director
Director/President
Supervisor

Y.H. Liaw (Note 3)
Diane Kao
Simon Wang
Yuichi Horita
Yasuhiro Kono
Morris Cheng

Shares (Investment Amount)% (Investment
Holding %)TSMC holds 1,019,814 shares

71.37%

Shares (Investment Amount)% (Investment
Holding %)TSMC holds 11,000,000 shares

100%

TSMC Technology, Inc.

Chairman
Director
President

Wendell Huang
Cliff Hou
Cliff Hou

Wendell Huang
Paul de Bot
Maria Marced

TSMC holds 200 shares

100%

TSMC Partners, Ltd. holds 10 shares

100%

TSMC Development, Inc.

Chairman
Director
President

Wendell Huang
Sylvia Fang
Wendell Huang

Representative Director
DirectorPresident

Makoto Onodera
Sylvia Fang
Makoto Onodera

TSMC holds 6,000 shares

100%

TSMC Partners, Ltd. holds 10 shares

100%

WaferTech, LLC

Director
Director
President

Y.H. Liaw
Wendell Huang
Tsung-Chia Kuo

Representative Director
DirectorDirector

C.C. PanRay Wan
Wendell Huang

TSMC holds 80,000 shares

100%

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

100%

TSMC Partners, Ltd.

Director
Director
President

Wendell Huang
Sylvia Fang
Wendell HuangRepresentative Director
Director
Supervisor

Cliff Hou
Wendell Huang
Morris Cheng

TSMC holds 15,000 shares

100%

TSMC holds 988,268,244 shares

100%

TSMC Design Technology Canada Inc.

Representative Director
Director
Supervisor

Jun HeDiane Kao
Morris Cheng

TSMC holds 49,000 shares

100%

Director
Director
Director
President

Cliff HouCormac Michael O’Connell
Sylvia Fang
Cliff Hou

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

100%

TSMC Global Ltd.

Director
Director

Wendell Huang
Sylvia Fang

Chairman
Director
Director
Supervisor
President

F.C. Tseng
Y.P. Chin
Roger Luo
Lora Ho
Roger Luo(TSMC invests US$596,000,000)(100%)

TSMC holds 11,384 shares

100%

VentureTech Alliance Fund II, L.P.

None

None

(TSMC invests US$3,417,545)(98.00%)VentureTech Alliance Fund III, L.P.

None

None

(TSMC invests US$92,020,263)(98.00%)Growth Fund Limited

None

None

Lora Ho
Y.P. Chin
Cliff Hou
Roger Luo
Wendell Huang
Sylvia Fang
Roger Luo

(TSMC invests US$1,000,000,000)(100%)(VentureTech Alliance Fund III, L.P. invests
US$2,195,455)(100%)

Chairman
Director
Director
Director
Supervisor
Supervisor
President

Emerging Fund, L.P.

NoneNone(TSMC invests US$43,065,702)(99.90%)VisEra Technologies Company Ltd.

DirectorDirector
Director
Director
President/CEOCliff Hou
Y.L. Wang
Sylvia Fang
Wendell Huang
Rick Cassidy (Note 1)

TSMC holds 1,270,001 shares (Note 2)

100%

Chairman
Director
Director
Independent Director
Independent Director
Independent Director
President

Robert Kuan
George Liu
Diane Kao
Laura Huang
Emma Chang
P.H. Chang
Robert Kuan

164,500 shares
TSMC holds 213,619,000 shares

0.05%
67.70%(Continued)

178

Company

Note 1: E ffective April 1, 2023, Mr. Rick Cassidy was appointed as Chairman of the Board of Directors, Mr. Y.L. Wang was appointed as CEO, and Mr. Brian Harrison was appointed as President of TSMC Arizona
Corporation.
Note 2: TSMC Arizona Corporation completed capital injection in January 2023 and February 2023. TSMC’s shareholding on TSMC Arizona Corporation increased to 3,500,000 shares post the capital injection.
Note 3: Effective April 1, 2023, Mr. Y.H. Liaw was appointed as CEO of Japan Advanced Semiconductor Manufacturing, Inc., in addition to his current position as Representative Director of the company.

179

8.2 S tatus of TSMC Common Shares and ADRs Acquired, Disposed of, and Held by Subsidiaries: None.

8.1.6 Operational Highlights of TSMC Subsidiaries
Unit: NT$ thousands, except EPS (NT$) Net Income(Loss)

Basic Earning(Loss) PerShareCompany

CapitalStockAssetsLiabilities

Net WorthNet
Revenues

TSMC North America

337,843438,305,947

432,856,192

5,449,755

1,542,535,272

521,282

62,213

5.66

TSMC Europe B.V.

3,284

897,884

370,191

527,693575,274

39,499(4,926)(24,631.82)

TSMC Japan Limited

69,930274,426

139,866

134,560

274,73310,845

6,559

1,093.15

TSMC Design Technology Japan, Inc.

174,825

716,049

339,873

376,176

504,091

31,97820,303

1,353.56

TSMC Japan 3DIC R&D Center, Inc.

571,095

2,393,877

1,221,171

1,172,706

789,52957,712

27,950859.24

TSMC Korea Limited

9,760

45,946

1,864

44,082

12,732

1,183

1,408

17.59

TSMC Development, Inc.

0.03

36,292,060

036,292,060

2,706,125

2,706,070

2,620,596

262,059,641.20

TSMC Partners, Ltd.

30,352,683

63,774,282

1,625

63,772,657

3,144,407

3,138,758

3,135,7643.17

TSMC Global Ltd.

349,636,792

642,448,848

230,456,422

411,992,426

11,540,783

7,308,722

7,308,722

642,017.05

WaferTech, LLC

07,532,316

963,073

6,569,243

10,308,132

2,866,991

2,299,054

7.83

TSMC China Company Limited

19,891,090

91,612,383

4,179,390

87,432,993

28,371,992

12,753,073

12,411,290

NATSMC Nanjing Company Limited

29,381,558

123,716,509

56,215,073

67,501,436

42,299,786

20,393,288

20,486,591

NA

VisEra Technologies Company Ltd.

3,155,341

25,600,121

8,709,960

16,890,161

9,077,148

2,068,659

1,765,796

5.80

39

278,619,103

252,979,993

25,639,110

0(7,668,981)(9,430,070)(12,015.96)

16,653,596

48,687,935

15,998,955

32,688,980

0(675,194)(593,429)(531.39)0.03

2,623,701

1,630,001

993,700

3,641,036

173,383

66,9986,699,813.50

55,176400,293

79,234

321,059

282,621

25,69331,997

13.91

TSMC Arizona Corporation
Japan Advanced Semiconductor
Manufacturing, Inc.
TSMC Technology, Inc.
TSMC Design Technology Canada Inc.

180

As of 12/31/2022

Income(Loss) fromOperation

VentureTech Alliance Fund II, L.P.

107,105

66,513

066,5133,714

1,056319NA

VentureTech Alliance Fund III, L.P.

2,883,896

227,958

0

227,9580(6,700)(6,700)NAGrowth Fund Limited

67,429166,549

0

166,549416(560)

(609)

NA

Emerging Fund L.P.

1,324,000

1,762,648

0

1,762,648

2,426(6,917)(6,917)NA

8.3 Special Notes
8.3.1 P rivate Placement Securities in 2022 and as of the Date of this Annual Report: None.
8.3.2 T he Listing of Penalties, Major Deficits, and State of Any Efforts to Make Improvements, Arising from Any LegalPenalties Imposed by Regulatory Authorities on the Company or Its Employees, or Any Company Punishment
toward Employees for Violating Internal Control Rules, Where Such Penalties or Punishments May Have Material
Impacts on Shareholders’ Interests or Securities Prices, in 2022 and as of the Date of this Annual Report: None.
8.3.3 A ny Events in 2022 and as of the Date of this Annual Report that Had Material Impacts on Shareholders’Interests or Securities Prices as Stated in Item 3 Paragraph 2 of Article 36 of Securities and Exchange Act ofTaiwan: None.
8.3.4 Other Necessary Supplement: None.

181