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Related Party Transactions

12 Months Ended

Dec. 31, 2023

Text Block [Abstract]

Related Party Transactions

34. RELATED PARTY TRANSACTIONS

Intercompany balances and transactions between TSMC and its subsidiaries, which are related parties of TSMC, have been eliminated upon consolidation; therefore, those items are not disclosed in this note. The following is a summary of significant transactions between the Company and other related parties:

a. Related party name and categories

Related Party Name		Related Party Categories
GUC		Associates
VIS		Associates
SSMC		Associates
Xintec		Associates

b. Net revenue

				Years Ended December 31
				2021												2022												2023
				NT$												NT$												NT$
				(In Millions)												(In Millions)												(In Millions)
Item		Related Party Categories
Net revenue from sale of goods		Associates						$	8,475.9											$	15,351.5											$	13,406.0

c. Purchases

		Years Ended December 31
		2021												2022												2023
		NT$ (In Millions)												NT$ (In Millions)												NT$ (In Millions)
Related Party Categories
Associates						$	7,569.8											$	6,423.9											$	4,562.2

d. Receivables from related parties

						December 31, 2022												December 31, 2023
						NT$ (In Millions)												NT$ (In Millions)
Item		Related Party Name
Receivables from related parties		GUC								$	1,471.4											$	514.8
		Xintec									112.6												109.6
										$	1,584.0											$	624.4
Other receivables from related parties		SSMC								$	68.3											$	58.1
		VIS									0.7												13.8
										$	69.0											$	71.9

e. Payables to related parties

						December 31, 2022												December 31, 2023
						NT$ (In Millions)												NT$ (In Millions)
Item		Related Party Name
Payables to related parties		Xintec								$	1,047.4											$	1,020.2
		SSMC									386.0												457.3
		VIS									190.6												66.7
		Others									18.6												22.1
										$	1,642.6											$	1,566.3

f. Accrued expenses and other current liabilities

December 31, 2022

December 31, 2023

NT$ (In Millions)

NT$ (In Millions)

Item

Related Party Categories

Contract liabilities

Associates

$

1,075.7

$

1,666.1

g. Others

								Years Ended December 31
								2021												2022												2023
								NT$ (In Millions)												NT$ (In Millions)												NT$ (In Millions)
Item		Related Party Categories
Manufacturing expenses		Associates										$	5,459.9											$	6,011.5											$	5,043.5

The sales prices and payment terms to related parties were not significantly different from those of sales to third parties. For other related party transactions, price and terms were determined in accordance with mutual agreements.

The Company leased factory and office from associates. The lease terms and prices were both determined in accordance with mutual agreements. The rental expenses were paid to associates monthly; the related expenses were both classified under manufacturing expenses.

h. Compensation of key management personnel

The compensation to directors and other key management personnel were as follows:

		Years Ended December 31
		2021												2022												2023
						NT$												NT$												NT$
						(In Millions)												(In Millions)												(In Millions)
Short-term employee benefits						$	2,886.8											$	4,369.1											$	3,492.3
Post-employment benefits							2.9												3.0												3.9
Share-based payments							-												286.2												525.8
						$	2,889.7											$	4,658.3											$	4,022.0

The compensation to directors and other key management personnel were determined by the Compensation and People Development Committee of TSMC in accordance with the individual performance and market trends.

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- Definition

The entire disclosure for related parties.

+ References

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-Name IAS
-Number 24
-IssueDate 2023-01-01
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-URIDate 2023-03-23

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