EP1 Taiwan Semiconductor Manufacturing Company 2023 Annual Report

TSMC is dedicated to becoming a global leader in green manufacturing. The company recognizes the critical role semiconductors play in the modern digital economy and prioritizes delivering the most advanced process technologies in the most cost-effective manner. TSMC’s success is built on three key pillars: technological leadership, manufacturing excellence, and customer trust. To mitigate the risks associated with technological advancements, TSMC focuses on developing more advanced process technologies and enhanced-feature products. To maintain its competitive edge and meet customer demands, TSMC emphasizes continuous improvement initiatives, fosters innovation, and enhances problem-solving capabilities. TSMC’s organizational structure consists of multiple divisions supporting its core business, including corporate planning, finance, and human resources. The Board of Directors plays a vital role in the company’s governance, overseeing legal compliance, financial transparency, and executive succession planning. The board’s responsibilities also include guiding the management team, overseeing risk management, and making critical decisions on major events such as capital expenditures and dividend policies. TSMC places great importance on ethical conduct and has established comprehensive codes of ethics. The company prioritizes the protection of intellectual property and maintains an open and transparent information disclosure policy. The Audit and Risk Committee plays a key role in upholding the company’s high ethical standards. Recognizing the importance of environmental sustainability, TSMC actively promotes energy conservation and carbon reduction initiatives. The company has achieved green building certifications and implemented measures to enhance its resilience to natural disasters, such as droughts. TSMC’s financial performance and stability depend on its ability to manage various risks, including those related to industry development, technological changes, and geopolitical tensions. The company has established a robust risk management framework to identify, assess, and mitigate potential threats. Understanding the importance of human capital, TSMC provides competitive compensation and benefits packages to attract and retain talent. The company offers employees various communication channels, including employee opinion surveys and communication meetings, to foster open dialogue and address concerns. -- Hosting provided by SoundOn