Buffett's Berkshire Hathaway bought 60 million of Taiwan Semi shares in the third quarter of 2022, only to sell most of them by the fourth quarter.
Shares of Taiwan Semiconductor Manufacturing Co. dropped on Wednesday following news that Berkshire Hathaway slashed its stake in the third-party silicon-wafer fabricator late last year.Berkshire BRK.A BRK.B, whose chief executive officer... Shares of Taiwan Semiconductor Manufacturing Co. dropped on Wednesday following news that Berkshire Hathaway slashed its stake in the third-party silicon-wafer fabricator late last year.Berkshire BRK.A BRK.
In 2022, Taiwan Semi shares suffered their biggest loss in 20 years, tumbling 38%, though Buffett and co. would have missed out on a bounce of 17% seen so far in 2023. Last month, the company reported earnings that beat forecasts, though revenue fell short. But the company also offered encouragement that the downturn to the chip industry could bottom in the first half of this year.
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