台积电2024年年度报告

TSMC’s Core Values TSMCVision, Mission &Core Values Integrity Integrity is our most basic and most important corevalue. We tell the truth. We believe the record ofour accomplishments is the best proof of our merit.Hence, we do not brag. We do not make commit-ments lightly. Once we make a commitment, we de-vote ourselves completely to meeting that commit-ment. We compete to our fullest within the law, but wedo not slander our competitors and we respect theintellectual property rights of others. With vendors,we maintain an objective, consistent, and impartialattitude. We do not tolerate any form of corrupt be-havior or politicking. When selecting new employees,we place emphasis on the candidates’ qualificationsand character, not connections or access. Commitment TSMC is committed to the welfare of customers, sup-pliers, employees, shareholders, and society. Thesestakeholders all contribute to TSMC’s success, andTSMC is dedicated to serving their best interests. Inreturn, TSMC hopes all these stakeholders will makea mutual commitment to the Company. TSMC’s Vision Our vision is to be the most advanced and largesttechnology and foundry services provider to fablesscompanies and IDMs, and in partnership with them,to forge a powerful competitive force in the semicon-ductor industry. To realize our vision, we must have atrinity of strengths: Innovation Innovation is the wellspring of TSMC’s growth, and isa part of all aspects of our business, from strategicplanning, marketing and management, to technologyand manufacturing. At TSMC, innovation means morethan new ideas, it means putting ideas into practice. 1.Be a technology leader, competitive with theleading IDMs2.Be the manufacturing leader3.Be the most reputable, service-oriented and maxi-mum-total-benefits silicon foundry Customer Trust TSMC’s Mission At TSMC, customers come first. Their success is oursuccess, and we value their ability to compete as wevalue our own. We strive to build deep and enduringrelationships with our customers, who trust and relyon us to be part of their success over the long term. Our mission is to be the trusted technology and ca-pacity provider of the global logic IC industry for yearsto come. Table ofContents Letter toshareholders004 Operational Highlights094 5.1Business Activities -0965.2Technology Leadership -0985.3Manufacturing Excellence -1055.4Customer Trust -1095.5Information Security Management -1115.6Human Capital -1125.7Material Contracts -119 Company Profile012 Financial Highlights and Analysis120 2.1An Introduction to TSMC -0142.2Market/Business Summary -0142.3Board Members -0202.4Management Team -030 6.1Financial Status and Operating Results -1226.2Risk Management -127 Corporate Governance Corporate Sustainability (ESG) 146 3.1Overview -0423.2Board of Directors -0423.3Major Decisions of Shareholders’ Meetingand Board Meetings -0543.4Corporate Governance Implementation Statusas Required by Taiwan Financial SupervisoryCommission -0563.5Code of Ethics and Business Conduct -059 3.6Regulatory Compliance -0643.7Internal Control System ExecutionStatus -0663.8Status of Personnel Responsible for theCompany’s Financial Operation -0673.9Information Regarding TSMC’s Indepen-dent Auditor -067 7.1Overview -1487.2Environmental, Safety and Health (ESH) Management -1527.3TSMC Education and Culture Foundation -1667.4TSMC Charity Foundation -1687.5TSMC i-Charity Platform -1697.6Sustainability Development Implementation Status as Required by Tai-wan Financial Supervisory Commission -1707.7Climate-related Information of Listed Companies -172 Subsidiary Information and Other Special Notes174 Capital and Shares 068 4.1Capital and Shares -0704.2Issuance of Corporate Bonds -0764.3Preferred Shares -0824.4Issuance of American DepositaryShares -082 4.5Status of Employee Stock Option Plan -0844.6Status of Employee Restricted Stock -0844.7Status of New Share Issuance in Connectionwith Mergers and Acquisitions -0924.8Funding Plans and Implementation -093 8.1Subsidiaries -1768.2Special Notes -180 Letter toShareholders TSMC’s Mission Our mission is to be the trusted technology and capacityprovider of the global logic IC industry for years to come. Dear Shareholders, 2024 was an outstanding year for TSMC. Supported by our strong technology leadership and broad customer base, weobserved robust AI-related demand from our customers throughout 2024. Other applications experienced only a very mildrecovery, as macroeconomic conditions continued to weigh on consumer sentiment. Fueled by strong demand for ourleading-edge logic and advanced packaging technologies, TSMC’s revenue increased 30% year-over-year in US dollar terms,outperforming the Foundry industry’s 6% growth, and both our revenue and EPS reached record highs. Part of this strategy includes expanding our global manufacturing footprint based on our customers’ needs, as they valuegeographic flexibility, and a necessary level of government support. This is to maxim