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Warren Buffett s company sells major stake in Taiwanese chip giant TSMC
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Warren Buffett’s conglomerate Berkshire Hathaway has bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing, a part of its portfolio changes in the last quarter.In a filing with the United States’ Securities and Exchange Commission on Monday, the Omaha-based conglomerate said it acquired about 60 million American depository shares of TSMC in the three months ended SeptemberTSMC was founded by Taiwanese billionaire Morris Chang in 1987, focusing on the contract chip making business. Headquartered in the industrial hub of Hsinchu, TSMC is the biggest manufacturer of the world’s most advanced chips, which are used in smartphones, computers, servers, cars.The Taiwanese company manufacture semiconductors for clients like Nvidia and Qualcomm and is the supplier of Apple’s custom silicon chips. Apple remains the most valuable single holding in Berkshire’s portfolio.TSMC s other foreign investors include U.S. asset managers BlackRock Inc and Vanguard Group Inc,
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