Berkshire buys $4.1 bn of stock in TSMC

Berkshire Hathaway said it purchased more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (TSMC).
TSMC for iPhonesBillionaire Warren Buffett’s conglomerate, in a Monday regulatory filing, said Berkshire owned about 60.1 million American depositary shares of the world’s largest contract chipmaker.

Taiwan Semi posted an 80 percent jump in third-quarter profit, helped by demand from customers such as iPhone maker Apple, by far the largest investment in Berkshire’s $306.2 billion equity portfolio.

“I suspect Berkshire has a belief that the world cannot do without the products manufactured by Taiwan Semi,” said Tom Russo, a partner at Gardner, Russo & Quinn in Lancaster, Pennsylvania, which owns Berkshire shares.

“Only a small number of companies that can amass the capital to deliver semiconductors, which are increasingly central to people’s lives,” he added.

Latest

More like this
Related

Dimensity 8450 vs Snapdragon 8 Elite: Which chip offers best AI, gaming, and 5G experience?

MediaTek Dimensity 8450 and Qualcomm Snapdragon 8 Elite represent two of the...

MediaTek launches Dimensity 8450 to redefine 5G smartphone experience

MediaTek has unveiled its latest innovation, the Dimensity 8450...

Qualcomm to buy Alphawave Semi for $2.4 bn in data center push

Qualcomm announced the acquisition of Alphawave Semi for approximately...

How Micron LPDDR5X memory is enhancing AI mobile experience

Micron Technology today announced the sampling of the world’s...