2021-11-09T18:02:14-06:00 2020-12-31 814234542 BPM LLP 4200 BOHANNON DRIVE SUITE 250 MENLO PARK CA 940251021 990 2020-01-01 941751440 SEMI SEMI 4089436900 673 SOUTH MILPITAS BOULEVARD MILPITAS CA 950355473 KEVIN BAUER CFO & BUS. OPERATIONS 4089436900 2021-11-08 1 KEVIN BAUER 999009999 TAMARA L MCINERNEY P00011797 6508556800 2021-11-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z AJIT MANOCHA 673 SOUTH MILPITAS BOULEVARD MILPITAS CA 950355473 38786362 0 X HTTP://WWW.SEMI.ORG X 1970 CA SEE SCHEDULE O 17 16 104 7584 5001 0 0 0 46833851 36825237 5175042 428055 3452409 1522840 55461302 38776132 1502095 265491 0 0 18455930 19141168 0 0 0 37287679 28351219 57245704 47757878 -1784402 -8981746 96356168 91537876 51386833 54345970 44969335 37191906 SEMI IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO PROMOTE AND SUPPORT THE GLOBAL ELECTRONICS SUPPLY CHAIN. 0 0 SEMI'S PROGRAM IS TO SUPPORT THE GLOBAL ELECTRONICS SUPPLY CHAIN THROUGH TRADE SHOWS, CONFERENCES, SEMINARS, DEVELOPMENT OF INDUSTRY STANDARDS, ALONG WITH THE PUBLICATION OF MARKET AND INDUSTRY RESEARCH REPORTS. SEMI'S MARKET AND INDUSTRY RESEARCH REPORTS INCLUDE WORLD FAB FORECAST AND CAPITAL EQUIPMENT CONSENSUS FORECASTS. SEMI PARTNERS WITH A VARIETY OF ORGANIZATIONS TO DELIVER TECHNICAL CONTENT COVERING WAFER FABRICATION, ASSEMBLY, ADVANCE PACKAGING, YIELD IMPROVEMENT, METROLOGY, SEMICONDUCTOR PHYSICS, IC DESIGN, OPTICS, RELIABILITY, MEMS, LED, PV, AND FLEXIBLE HYBRID ELECTRONICS. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 X 59 0 104 1 1 1 1 CH KS JA IN BE GM TW SN FR UK 0 0 0 0 0 0 X 17 16 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X KEVIN BAUER 4089436900 673 SOUTH MILPITAS BLVD MILPITAS CA 950355473 AJIT MANOCHA PRESIDENT & CEO 40.00 4.00 X X 1159837 0 490131 BERTRAND LOY CHAIRMAN 1.00 X X 0 0 0 KEVIN T CROFTON VICE CHAIRMAN 1.00 X X 0 0 0 MARY G PUMA SECRETARY/TREASURER 1.00 X X 0 0 0 TETSUO TSUNEISHI PAST CHAIRMAN 1.00 X X 0 0 0 MIKE ALLISON TRUSTEE 1.00 X 0 0 0 JON D KEMP TRUSTEE 1.00 X 0 0 0 NOBU KOSHIBA TRUSTEE 1.00 X 0 0 0 YONG HAN LEE TRUSTEE 1.00 X 0 0 0 SUE LIN TRUSTEE 1.00 X 0 0 0 DAISUKE MURATA TRUSTEE 1.00 X 0 0 0 STEPHEN S SCHWARTZ TRUSTEE 1.00 X 0 0 0 KYU DONG SUNG TRUSTEE 1.00 X 0 0 0 KAZUO USHIDA TRUSTEE 1.00 X 0 0 0 XINCHAO WANG TRUSTEE 1.00 X 0 0 0 TIEN WU TRUSTEE 1.00 X 0 0 0 JINRONG ZHAO TRUSTEE 1.00 X 0 0 0 RICHARD J SALSMAN CFO AND VICE PRESIDENT OPE 40.00 2.00 X 685718 0 263403 MELISSA GRUPEN-SHEMANSKY EXECUTIVE DIRECTOR, FLEXTE 40.00 X 385137 0 132688 MICHAEL CIESINSKI PRES, FLEXTECH ALLIANCE 40.00 X 447582 0 167065 DAVID B ANDERSON PRESIDENT, SEMI AMERICAS 40.00 X 408309 0 136253 BETTINA WEISS VP, BUSINESS DEVELOPMENT 40.00 X 404822 0 132028 JAMES JACKMAN VP, FINANCE AND ADMIN 40.00 X 412376 0 64166 MICHAEL RUSSO VP, GLOBAL ADVOCACY 40.00 X 370956 0 88774 JOE PASETTI VP, GLOBAL PUBLIC POLICY & 40.00 X 338001 0 155514 RICH FELDMAN THROUGH 5120 VP, GLOBAL EXPOSITIONS & E 40.00 X 152892 0 22366 THOMAS SALMON VP, COLLABORATIVE TECHNOLO 40.00 X 393867 0 98360 GERALDINE TAN CORPORATE CONTROLLER 40.00 X 311267 0 104422 SHARI LISS EXECUTIVE DIRECTOR, SEMI FOUNDATION 40.00 X 281658 0 104967 HEIDI HOFFMAN SR DIRECTOR MARKETING 40.00 X 260046 0 87260 GENE ESCOBER SENIOR DIRECTOR, IT & BUSINESS INFRASTRUCTURE 40.00 X 259103 0 88421 6271571 0 2135818 57 0 1 0 GLASSHOUSE PRODUCTIONS PO BOX 918 SAN ANSELMO CA 94979 CONSULTING AND MARKETING 585392 UNIVERSITY OF CALIFORNIA LOS ANGELES 420 WESTWOOD PLAZA LOS ANGELES CA 90095 GOVERNMENT PROJECT CONTRACTOR 549639 DLA PIPER LLP (US) PO BOX 75190 BALTIMORE MD 21275 LEGAL SERVICES 473552 BPM LLP 10 ALMADEN BLVD SUITE 1000 SAN JOSE CA 951132238 AUDIT AND TAX SERVICES 413350 CLI-METRICS 1285 ALMA COURT SAN JOSE CA 95112 OFFICE MAINTENANCE AND REPAIR 399130 38 TRADESHOWS 541900 12566524 12566524 GOVERNMENT CONTRACTS 541900 9157401 9157401 MEMBERSHIP DUES 541900 8230808 8230808 PUBLICATION 541900 3125667 3125667 SPONSORSHIP INCOME 541900 2171519 2171519 1573318 1573318 36825237 438285 438285 1474 1474 10230 -10230 -10230 -10230 OTHER INCOME 900099 1516365 1516365 ADVERTISING 541800 5001 5001 1521366 38776132 38341602 5001 429529 265491 4909549 11849543 664019 903920 814137 3428342 704484 452276 2999602 73113 313690 1714848 3214406 469687 6719556 618410 178056 GOVERNMENT CONTRACT PAY 6167071 TAXES 749327 OTHER 325772 BANK AND FINANCIAL CHAR 222579 47757878 69507560 73190344 3263999 1792023 2234796 2618647 6991441 4517927 2692584 2473514 9024038 1306096 1511621 1511621 8121570 8645631 96356168 91537876 10123424 12483216 1823565 477035 2463401 2544209 36976443 38841510 51386833 54345970 X 44969335 37191906 44969335 37191906 96356168 91537876 X -8981746 151098 1053219 X X 0 1 X 1 1 1 0 0 1 2608555 702046 702046 782566 -80520 2906077 877441 2028636 1061244 892465 168779 3024120 2748021 276099 2473514 INTERCOMPANY RECEIVABLES 8366006 VAT RECEIVABLES 732 DEPOSIT 278893 8645631 ADVANCE DEPOSITS 35212906 POST-RETIREMENT BENEFITS 2280000 TAXES PAYABLE 1348604 38841510 X PART X, LINE 2: SEMI IS A NOT-FOR-PROFIT ORGANIZATION RECOGNIZED BY THE IRS AND FTB AS EXEMPT FROM FEDERAL AND STATE INCOME TAXES IN THE UNITED STATES. HOWEVER, CERTAIN ACTIVITIES OF SUBSIDIARIES OR BRANCHES IN OTHER COUNTRIES, SUCH AS TRADE SHOWS, ARE SUBJECT TO FOREIGN INCOME TAXES OR OTHER TAXES ON INCOME GENERATED IN THEIR RESPECTIVE JURISDICTIONS. TAX EXPENSE WAS AS FOLLOWS FOR THE YEARS ENDED DECEMBER 31 (IN THOUSANDS): 2020 2019 CURRENT $1,896 $2,269 DEFERRED (158) (25) ------------------------------------------------------------ TOTAL INCOME TAXES $1,738 $2,244 NET DEFERRED TAX ASSETS ARE INCLUDED IN DEFERRED EXPENSES AND OTHER CURRENT ASSETS ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AND APPROXIMATED $347,000 AND $180,000 AT DECEMBER 31, 2020 AND 2019, RESPECTIVELY. THE SOURCES RESULTING IN NET DEFERRED TAX ASSETS CONSIST PRINCIPALLY OF DEFERRED REVENUES AND DEFERRED EXPENSES RELATED TO EXHIBITIONS, ACCRUALS, AND DEPRECIATION. ADDITIONALLY, THE GROUP GENERATES UNRELATED BUSINESS INCOME, PRIMARILY FROM ITS ADVERTISING ACTIVITIES. THESE ACTIVITIES HAVE HISTORICALLY GENERATED LOSSES AND SEMI HAS ACCUMULATED NET OPERATING LOSS CARRYFORWARDS ("NOLS"). AS OF DECEMBER 31, 2020 AND 2019, SEMI HAD NOLS OF APPROXIMATELY $5,506,000 AND $5,499,000 RESPECTIVELY. THE NOLS WILL BEGIN TO EXPIRE AFTER THE YEAR ENDING DECEMBER 31, 2021. THE ABILITY TO UTILIZE THE NOLS OR REALIZE ANY BENEFITS IS UNCERTAIN, AND THEREFORE A FULL VALUATION ALLOWANCE HAS BEEN APPLIED AGAINST THEM. NO VALUATION ALLOWANCE OTHER THAN NOLS DESCRIBED IN THE PRECEDING PARAGRAPH WAS RECORDED AT DECEMBER 31, 2020 AND 2019, AS THE GROUP CONCLUDED THAT ALL OF THE DEFERRED TAX ASSETS WILL BE REALIZED IN FUTURE YEARS. NET DEFERRED ASSETS ARE RECORDED AS DEFERRED EXPENSES AND OTHER CURRENT ASSETS ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AND ANY CHANGE IS RECORDED AS MANAGEMENT AND GENERAL EXPENSES ON THE CONSOLIDATED STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. ON DECEMBER 22, 2017, THE TAX CUTS AND JOBS ACT (THE "2017 TAX ACT") WAS ENACTED. THE 2017 TAX ACT INCLUDES A NUMBER OF CHANGES TO EXISTING U.S. TAX LAWS THAT IMPACT THE GROUP, MOST NOTABLY A REDUCTION OF THE U.S. CORPORATE INCOME TAX RATE FROM 35 PERCENT TO 21 PERCENT FOR TAX YEARS BEGINNING AFTER DECEMBER 31, 2017. THE GROUP MEASURES DEFERRED TAX ASSETS AND LIABILITIES USING ENACTED TAX RATES THAT WILL APPLY IN THE YEARS IN WHICH THE TEMPORARY DIFFERENCES ARE EXPECTED TO BE RECOVERED OR PAID. ACCORDINGLY, THE GROUP'S DEFERRED TAX ASSETS AND LIABILITIES WERE RE-MEASURED TO REFLECT THE REDUCTION IN THE U.S. CORPORATE INCOME TAX RATE FROM 35 PERCENT TO 21 PERCENT. ON MARCH 27, 2020, THE PRESIDENT OF THE UNITED STATES SIGNED THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT ("CARES ACT"). PROVISIONS UNDER THE CARES ACT INCLUDE CHANGES TO PERMIT NET OPERATING LOSSES ARISING IN TAX YEARS BEGINNING AFTER DECEMBER 31, 2017 AND BEFORE JANUARY 1, 2021 TO BE CARRIED FORWARD INDEFINITELY AND CARRIED BACK FIVE YEARS. THE CARES ACT ALSO PROVIDES FOR INCREASES TO THE 30% ADJUSTED TAXABLE INCOME LIMITATION TO 50% FOR TAX YEARS BEGINNING IN 2019 AND 2020, AS WELL AS A TECHNICAL CORRECTION OF QUALIFIED IMPROVEMENT PROPERTY, AND DEFERRAL OF INCOME TAX FILINGS AND PAYMENTS. THE NEW LAW ALSO INCLUDES CERTAIN PAYROLL TAX BENEFITS. THE ENACTMENT OF THE CARES ACT DOES NOT HAVE A MATERIAL IMPACT ON THE GROUP'S INCOME TAXES. THE EMPLOYEE RETENTION CREDIT (ERC) UNDER THE CARES ACT IS A REFUNDABLE TAX CREDIT AGAINST CERTAIN EMPLOYMENT TAXES EQUAL TO 50% OF THE QUALIFIED WAGES AN ELIGIBLE EMPLOYER PAYS TO EMPLOYEES AFTER MARCH 12, 2020. IF THE EMPLOYER'S EMPLOYMENT TAX DEPOSITS ARE NOT SUFFICIENT TO COVER THE CREDIT, THE EMPLOYER MAY GET AN ADVANCE PAYMENT FROM THE IRS. IN THE YEAR OF 2020, SEMI RECEIVED A TOTAL OF $464,000 CREDIT AND REDUCED EMPLOYMENT TAXES IT WAS OTHERWISE REQUIRED TO MAKE. THE CREDIT WAS REPORTED AS OTHER INCOME ON THE CONSOLIDATED STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. THE GROUP'S TOTAL GROSS UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS CURRENT AND NON-CURRENT LIABILITIES IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. AS OF DECEMBER 31, 2020 AND 2019, THE TOTAL AMOUNT OF GROSS UNRECOGNIZED TAX BENEFITS WAS APPROXIMATELY $1,309,000 AND $1,724,000, RESPECTIVELY, WHICH RESULTS ENTIRELY FROM FOREIGN TAXES. THE AGGREGATE CHANGES IN THE BALANCE OF GROSS UNRECOGNIZED TAX BENEFITS, WHICH INCLUDES INTEREST AND PENALTIES, ARE AS FOLLOWS (IN THOUSANDS): BALANCE AS OF DECEMBER 31, 2019 $1,724 ---------------------------------------------------------------------- BALANCE AS OF DECEMBER 31, 2020 $1,309 AS OF DECEMBER 31, 2020, THE GROUP HAS ANALYZED THE INVENTORY OF TAX POSITIONS TAKEN WITH RESPECT TO ALL APPLICABLE INCOME TAX ISSUES FOR ALL OPEN TAX YEARS (IN EACH RESPECTIVE JURISDICTION) INCLUDING TAX YEARS ENDED DECEMBER 31, 2016 THROUGH DECEMBER 31, 2020 FOR U.S. FEDERAL TAX PURPOSES AND TAX YEARS ENDED DECEMBER 31, 2015 THROUGH DECEMBER 31, 2020 FOR CALIFORNIA TAX PURPOSES (EXCEPT WITH RESPECT TO THE EXTENT OF NET OPERATING LOSSES FOR WHICH THE STATUTE IS OPEN FOR FEDERAL AND CALIFORNIA TAX PURPOSES FROM TAX YEAR DECEMBER 31, 2001) AND TAX YEARS ENDED DECEMBER 31, 2010 THROUGH DECEMBER 31, 2020 FOR FOREIGN TAX PURPOSES. AS OF DECEMBER 31, 2020 AND 2019, THE TOTAL AMOUNT OF GROSS INTEREST AND PENALTIES ACCRUED WAS $535,072 AND $590,650, RESPECTIVELY, RELATED TO FOREIGN TAXES, WHICH IS CLASSIFIED AS CURRENT AND NON-CURRENT LIABILITIES IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. THE GROUP DOES NOT ANTICIPATE A MATERIAL CHANGE TO ITS ACCRUED UNRECOGNIZED TAX BENEFITS IN THE TWELVE MONTHS FOLLOWING DECEMBER 31, 2020. SOUTH KOREA TAXES CERTAIN ACTIVITIES ENGAGED BY THE GROUP IN OTHER COUNTRIES, SUCH AS CONFERENCES AND EXPOSITIONS, ARE SUBJECT TO FOREIGN INCOME TAXES AND OTHER TAXES ON INCOME GENERATED IN THE RESPECTIVE JURISDICTIONS. EXPOSURE TO INCOME AND LOCAL TAXES IS DIRECTLY DEPENDENT ON WHETHER AN ENTITY HAS A TAXABLE PRESENCE, OR PERMANENT ESTABLISHMENT, WITHIN THE FOREIGN JURISDICTION. THE GROUP HAS DETERMINED THAT CONFERENCES AND EXPOSITIONS HELD IN SOUTH KOREA BY SEMI DID NOT CONSTITUTE A PERMANENT ESTABLISHMENT IN ACCORDANCE WITH THE PROVISIONS OF THE U.S. AND KOREA TAX TREATY OF 1976. WHILE THE INTERPRETATION OF THE U.S. AND KOREA TAX TREATY OF 1976 IS LEFT TO LOCAL KOREAN TAX AUTHORITIES, THE GROUP HELD THE POSITION THAT SUCH A CONCLUSION WOULD MORE LIKELY THAN NOT BE SUSTAINED AFTER AN AUDIT. IN 2009, SEMI KOREA WAS ESTABLISHED AS A SEPARATE LEGAL ENTITY FROM SEMI, AND A TRANSFER PRICING AGREEMENT WAS ENACTED BETWEEN SEMI AND SEMI KOREA. SEMI KOREA RECEIVES COMPENSATION FOR SERVICES PROVIDED, INCLUDING FOR EVENTS IN SOUTH KOREA, TO ENSURE TRANSACTIONS ENGAGED IN BETWEEN THE ENTITIES WERE CONDUCTED AT AN ARMSLENGTH AND DID NOT CREATE A PERMANENT ESTABLISHMENT IN SOUTH KOREA FOR SEMI. ACCORDINGLY, THE GROUP MAINTAINED THEIR ASSESSMENT THAT NO TAXES SHOULD BE ASSESSED ON CONFERENCES AND EXPOSITIONS HELD IN SOUTH KOREA, DUE TO A LACK OF A TAXABLE PRESENCE. IN AUGUST 2019, THE GROUP RECEIVED AN INQUIRY FROM THE SOUTH KOREAN NATIONAL TAX SERVICE ("NTS"). THE NTS SUBSEQUENTLY CHALLENGED THE GROUP'S POSITION, RULING THAT SEMI HAS A PERMANENT ESTABLISHMENT IN SOUTH KOREA. THE GROUP RESPONDED TO THE NTS INQUIRIES AND SUBSEQUENTLY RECEIVED NOTIFICATION IN MARCH 2020 OF AN INCOME TAX ASSESSMENT FOR THE 2012 TAX YEAR. AS REQUIRED BY THE NTS, THE GROUP PAID THE ASSESSMENT TO ALLOW THE GROUP TO BEGIN AN APPEAL PROCESS. THE GROUP WAS FURTHER NOTIFIED ADDITIONAL TAXES AND PENALTIES WOULD BE ASSESSED FOR 2013 THROUGH 2019 IN JULY 2020. AS A CONSEQUENCE OF THIS RULING, THE GROUP HAS ACCRUED INCOME TAXES, VALUE ADDED TAXES ("VAT") AND PENALTIES FOR THE YEARS FROM 2012 THROUGH 2019 FOR APPROXIMATELY $6,946,000 AS OF DECEMBER 31, 2019, WHICH WERE PAID IN 2020. THE GROUP DID NOT ACCRUE ANY ADDITIONAL TAXES AND PENALTIES RELATED TO THIS MATTER AS OF DECEMBER 31, 2020 DUE TO THE 2020 KOREA EVENT CANCELLATION. THE GROUP BELIEVES THAT ITS ACTIVITIES IN SOUTH KOREA DO NOT CREATE A PERMANENT ESTABLISHMENT AND WILL APPEAL THE ASSESSMENT. THE LIKELIHOOD OF A FAVORABLE OUTCOME IS NOT YET ASCERTAINABLE. EAST ASIA AND THE PACIFIC 1 19 PROGRAM SERVICES TRADE SHOWS, INDUSTRY STANDARDS & RESEARCH, EDUCATION 16450488 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TRADE SHOWS, INDUSTRY STANDARDS & RESEARCH, EDUCATION 229954 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS INVESTMENTS 815608 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS INVESTMENTS 37800 SOUTH ASIA 0 0 INVESTMENTS INVESTMENTS 658213 1 19 0 0 1 19 18192063 0 18192063 0 0 1 0 0 0 PART III ACCOUNTING METHOD: 1 SEMI FOUNDATION 673 SOUTH MILPITAS BOULEVARD MILPITAS CA 95035 300155873 501(C)(3) 250000 EDUCATION PROGRAMS 1 0 PART I, LINE 2: RECRUITING SKILLED WORKERS HAS BECOME A GLOBAL CHALLENGE FOR SEMI MEMBERS AND THE GLOBAL ELECTRONICS MANUFACTURING SUPPLY CHAIN. TO HELP ADDRESS THIS INDUSTRYWIDE CONCERN, SEMI HAS ISSUED A GRANT TO SEMI FOUNDATION. SEMI FOUNDATION IS DEVELOPING INITIATIVES AND WORKFORCE DEVELOPMENT PROGRAMS SPECIFICALLY FOR SEMI'S MEMBERS. THE CHAIRMAN OF THE SEMI BOARD AND THE SEMI CEO ARE MEMBERS OF THE SEMI FOUNDATION BOARD OF TRUSTEES. THEY RECEIVE REGULAR UPDATES ON SEMI FOUNDATION ACTIVITIES AND FINANCIALS DURING THEIR REGULAR BOARD MEETINGS. 1 X X X X X 1 0 0 AJIT MANOCHA PRESIDENT & CEO 671780 0 447314 0 40743 0 455394 0 34737 0 1649968 0 447314 0 RICHARD J SALSMAN CFO AND VICE PRESIDENT OPE 424386 0 245008 0 16324 0 227399 0 36004 0 949121 0 245008 0 MICHAEL CIESINSKI PRES, FLEXTECH ALLIANCE 284781 0 151828 0 10973 0 130833 0 36232 0 614647 0 151828 0 DAVID B ANDERSON PRESIDENT, SEMI AMERICAS 262447 0 140311 0 5551 0 103103 0 33150 0 544562 0 140311 0 BETTINA WEISS VP, BUSINESS DEVELOPMENT 255571 0 147000 0 2251 0 105423 0 26605 0 536850 0 147000 0 MELISSA GRUPEN-SHEMANSKY EXECUTIVE DIRECTOR, FLEXTE 248914 0 132590 0 3633 0 102552 0 30136 0 517825 0 132590 0 JOE PASETTI VP, GLOBAL PUBLIC POLICY & 308455 0 27500 0 2046 0 137700 0 17814 0 493515 0 27500 0 THOMAS SALMON VP, COLLABORATIVE TECHNOLO 248219 0 142073 0 3575 0 85390 0 12970 0 492227 0 142073 0 JAMES JACKMAN VP, FINANCE AND ADMIN 258385 0 148736 0 5255 0 52846 0 11320 0 476542 0 148736 0 MICHAEL RUSSO VP, GLOBAL ADVOCACY 287104 0 77821 0 6031 0 57178 0 31596 0 459730 0 77821 0 GERALDINE TAN CORPORATE CONTROLLER 216949 0 92362 0 1956 0 97435 0 6987 0 415689 0 92362 0 SHARI LISS EXECUTIVE DIRECTOR, SEMI FOUNDATION 234847 0 45000 0 1811 0 103272 0 1695 0 386625 0 45000 0 GENE ESCOBER SENIOR DIRECTOR, IT & BUSINESS INFRA 189208 0 68511 0 1384 0 60325 0 28096 0 347524 0 68511 0 HEIDI HOFFMAN SR DIRECTOR MARKETING 177966 0 79334 0 2746 0 48675 0 38585 0 347306 0 79334 0 RICH FELDMAN THROUGH 5120 VP, GLOBAL EXPOSITIONS & E 77516 0 57400 0 17976 0 6978 0 15388 0 175258 0 57400 0 PART I, LINE 4A DURING YEAR ENDED DECEMBER 31, 2020, RICHARD FELDMAN RECEIVED SEVERANCE PAY TOTALING $16,243. SCHEDULE J, PART II COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN F REPRESENTS AMOUNTS THAT WERE REPORTED ON PRIOR YEARS' FORMS 990 AS THE BENEFITS WERE ACCRUED. THESE AMOUNTS ARE ALSO REPORTED ON SCHEDULE J, PART II, COLUMB B(II) AS THEY WERE ALSO REPORTABLE ON THE CURRENT YEAR'S FORMS W-2 FOR THE AFFECTED INDIVIDUALS. THE AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN F SHOULD BE SUBTRACTED FROM THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN E TO ARRIVE AT THE ACTUAL COMPENSATION FOR THE CURRENT YEAR. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: SEMI IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO PROMOTE AND SUPPORT THE GLOBAL ELECTRONICS SUPPLY CHAIN. SEMI MEMBERS CONSIST OF CORPORATIONS, COMPANIES, FIRMS, OR ORGANIZATIONS, OR DEPARTMENTS OR SUBDIVISIONS THEREOF, WHOSE INTEREST OR CORPORATE OBJECTIVE IS IN THE GLOBAL ELECTRONICS SUPPLY CHAIN; PROVIDED THAT SUCH ENTITIES SHALL NOT BECOME VOTING MEMBERS EXCEPT UPON PAYMENT OF SUCH INITIATION FEES AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 SEMI MEMBERS CONSIST OF CORPORATIONS, COMPANIES, FIRMS, OR ORGANIZATIONS, OR DEPARTMENTS OR SUBDIVISIONS THEREOF, WHOSE INTEREST OR CORPORATE OBJECTIVE IS IN THE GLOBAL ELECTRONIC SUPPLY CHAIN; PROVIDED THAT SUCH ENTITIES SHALL NOT BECOME VOTING MEMBERS EXCEPT UPON PAYMENT OF SUCH INITIATION FEES AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A EACH VOTING MEMBER IN GOOD STANDING IS ENTITLED TO VOTE FOR THE ELECTION OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B VOTING MEMBERS HAVE THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND CORPORATE BYLAWS OF SEMI AND MAY HAVE OTHER POWERS CONFERRED BY THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW OF THE STATE OF CALIFORNIA. FORM 990, PART VI, SECTION B, LINE 11B BPM LLP AND SEMI STAFF WORK TOGETHER TO GATHER THE REQUIRED TAX INFORMATION NECESSARY TO COMPLETE THE TAX RETURNS. THE INITIAL DRAFT RETURN IS REVIEWED BY BPM AND SEMI FINANCE STAFF; ITEMS ARE DISCUSSED AND REVIEWED. RECOMMENDED CHANGES ARE REFLECTED IN THE RETURN AND A DRAFT TAX RETURN IS PREPARED. THE FINANCE COMMITTEE RECEIVES THE FINAL VERSION OF THE TAX RETURN FOR REVIEW PRIOR TO FILING. THE BOARD HAS DELEGATED MONITORING AND REVIEW OF FINANCIAL MATTERS TO THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C SEMI HAS A CODE OF CONDUCT POLICY, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. SEMI HAS REVIEWED THIS POLICY WITH ALL EMPLOYEES, OFFICERS AND DIRECTORS AND OBTAINED THEIR COMMITMENT TO ABIDE BY IT. FORM 990, PART VI, SECTION B, LINE 15 IN CONJUNCTION WITH AN INTERNATIONAL BOARD OF DIRECTORS MEETING EACH YEAR, THE BOARD COMPENSATION COMMITTEE MEETS WITH THE PRESIDENT AND CEO AND CFO. BASED UPON SALARY SURVEY INFORMATION AND THE USE OF AN INDEPENDENT COMPENSATION CONSULTANT, THEY PRESENT RECOMMENDED MERIT INCREASES ON A REGIONAL BASIS FOR APPROVAL BY THE BOARD COMPENSATION COMMITTEE. ONCE APPROVED, THE SEMI EXECUTIVE AND STAFF MERIT INCREASES ARE ADMINISTERED BY FUNCTIONAL LEADERSHIP THROUGH THE PERFORMANCE MANAGEMENT SYSTEM WITH FINAL APPROVAL BY THE PRESIDENT AND CEO. THE CEO'S ANNUAL COMPENSATION ADJUSTMENT IS DISCUSSED PRIVATELY WITH THE BOARD COMPENSATION COMMITTEE AND THE CFO. A REVIEW OF THE CEO'S GOALS AND ACCOMPLISHMENTS IS ACCOMPANIED BY A RECOMMENDED COMPENSATION ADJUSTMENT BASED ON INDEPENDENT SALARY SURVEYS. THE BOARD COMPENSATION COMMITTEE THEN MEETS IN CLOSED SESSION TO REVIEW THIS INFORMATION AND DETERMINE AN APPROPRIATE PERFORMANCE RATING AND THE ACCOMPANYING BONUS AND MERIT INCREASE. FORM 990, PART VI, SECTION C, LINE 18 SEMI MAKES ITS FORMS 990 AND 990-T AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 SEMI MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CURRENCY EXCHANGE 1,318,709. CHANGE IN TRANSLATION RESERVES 237,762. CHANGE IN PENSION ACCRUAL -503,252. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SEMI FOUNDATION 673 SOUTH MILPITAS BOULEVARD MILPITAS CA 950355473 300155873 EDUCATION PROGRAMS CA 501(C)(3) LINE 7 SEMI 1 SEMI JAPAN YK 4-7-15 KUDAN-MINAMI CHIYODA-KU TOKYO JA 102-0074 TRADE ASSOCIATION JA Y C 3878192 7572225 1.00000 1 SEMI SOUTHEAST ASIA PTE LTD LEVEL 6LOBBY APICO CREATIVE CENTR KALLANG AVE SN 339411 TRADE ASSOCIATION SN Y C 224177 1694881 1.00000 1 SEMI MANAGEMENT CONSULTING (SHANGHAI) CO LTD SUITE 803 2ND BUILDING 1158 ZHANG PUDONG SHANGHAI CH 201203 TRADE ASSOCIATION CH Y C 11238004 13429173 1.00000 1 SEMI TECH SERVICES INDIA PRIVATE LIMITED DBS HOUSE SUITE 217 26 CUNNINGH BANGALORE IN 560052 TRADE ASSOCIATION IN Y C 38295 32167 1.00000 1 SEMI ADVANCED TECHNOLOGY ASSOCIATION OF KOREA KOREA WORLD TRADE TOWER 4205 159-1 SEOUL KS 135-729 TRADE ASSOCIATION KS Y C 1820594 3834897 1.00000 1 SEMI EUROPE GMBH HELMHOLTZSTRASSE 2-9 CHARLOTTENBUR BERLIN GM 10587 TRADE ASSOCIATION GM Y C 2365901 2397730 1.00000 1 1 1 0 1 0 0 0 0 0 0 0 1 1 1 1 0 1 0 0 SEMI JAPAN YK A 1474 COST SEMI FOUNDATION B 250000 COST SEMI JAPAN YK D 6137557 COST SEMI SOUTHEAST ASIA PTE LTD D 1608102 COST SEMI TECH SERVICES INDIA PRIVATE LIMITED D 37689 COST SEMI SOUTHEAST ASIA PTE LTD L 72003 COST SEMI JAPAN YK M 19538 COST SEMI EUROPE GMBH M 1557926 COST SEMI ADVANCED TECHNOLOGY ASSOCIATION OF KOREA M 1809058 COST SEMI TECH SERVICES INDIA PRIVATE LIMITED M 41821 COST SEMI FOUNDATION O 414173 COST SEMI FOUNDATION Q 60492 COST PART V, LINE 2 THE AMOUNTS ON ALL OF THE SUB-LINES ARE REPORTED ON THE ACCRUAL BASIS.