WARREN BUFFETT DUMPS 86% OF TSMC SHARES
An ominous sign?
Warren Buffett’s holding company, Berkshire Hathaway, cut its position in TSMC by 86 percent, according to a CNN report citing a regulatory filing. The investment firm also purchased additional Apple stock. It’s not clear whether Berkshire dumped TSMC stock because it expects softening demand for consumer electronics and personal computers, or because it’s concerned about increased risks of China invading Taiwan, which would threaten the value of the world’s largest contract maker of chips.
TSMC is the world’s largest foundry with indisputable technological lead and will remain No.1 for quite a while, but there certain risks for the company, including expanded competition as well as the risk of Chinese invasion.
