Taiwan Semiconductor Manufacturing Company, or TSMC, the world's largest contract IC maker, plans to explore business opportunities in the green energy sector, including light-emitting diodes (LEDs) and solar energy. The plan is in line with the company's goal to diversify its revenue channels besides its foundry business. TSMC has decided to set up a new business development unit and Rick Tsai has been appointed to head the unit.

Taiwan Semiconductor Manufacturing Co. (TSMC) recently funded LED lighting maker Liquidleds Lighting Corp. NT$26 million (US$764,700) through its venture capital fund VTFA and has acquired 11% stake in the LED provider. The investment is considered as part of its plan to develop strong presence in green technology field. Liquidleds was co-founded in 2005 by a former iD SoftCapital Group executive. The company reportedly has introduced the first AC LED bulb in the industry.  In LED filed, TSMC has invested in epitaxy-wafer maker BridgeLux of the U.S.