SAN JOSE – June 7, 2017 – TSMC (NYSE: TSM) today announced the promotion of a veteran executive, Dave Keller to President, TSMC North America. Rick Cassidy remains as Chief Executive Officer, TSMC North America.

As President, Keller is responsible for managing the North America business, which is a wholly owned subsidiary of TSMC and accounted for over 60 percent of TSMC’s 2016 sales of $29.4 billion. Cassidy, in his role as CEO, will be strategic in guiding the North America organization on its technical, financial and human resources matters.

Keller joined TSMC in 1997 and has three decades of semiconductor industry experience. Prior to TSMC, he held executive sales and marketing positions at Fairchild Semiconductor Company and National Semiconductor. After joining TSMC North America as Director of Account Management, he was promoted to Vice President, Business Management in 2001; Senior Vice President of Business Management in 2009; and Executive Vice President of TSMC North America in 2015. Keller holds a BSEE from North Dakota State University and MBA from the University of St. Thomas, St. Paul, Minn.

"We are very fortunate to have both Dave and Rick at TSMC,” said TSMC President and Co-CEO, Dr. Mark Liu. “Their deep relationships with our customers, and decades of experience and knowledge in the semiconductor and foundry industry is extremely valuable. They will undoubtedly be most effective in further strengthening our relationships with customers and continue to grow our business.”

About TSMC

TSMC is the world’s largest dedicated semiconductor foundry, providing the industry’s leading process technology and the foundry segment’s largest portfolio of process-proven libraries, IPs, design tools and reference flows. The Company’s owned capacity in 2017 is expected to reach above 11 million (12-inch equivalent) wafers, including capacity from three advanced 12-inch GIGAFAB® facilities, four eight-inch fabs, one six-inch fab, as well as TSMC’s wholly owned subsidiaries, WaferTech and TSMC China. TSMC is the first foundry to provide both 20nm and 16nm production capabilities. Its corporate headquarters are in Hsinchu, Taiwan. For more information about TSMC please visit http://www.tsmc.com.