Berkshire Hathaway CEO Warren Buffett sold all but a handful of his stake in Taiwanese iPhone chipmaker TSMC, mere months after buying it.
According to Nikkei Asia, Buffett is now in Japan, meeting with five local trading houses. In an interview with the publication, he said he was “very proud” of Berkshire Hathaway’s investments in Japanese companies.
Buffett also said that TSMC is a well-managed company, but reportedly explained that Berkshire Hathaway has better places to deploy its capital. International trade tensions were also “a consideration” in the decision to sell.
Separately, TSMC was reported in December 2022 to have tripled its investment in a new chip factory in Arizona. More recently, the firm has criticized American workers, and also suggested that its plans for further US expansion may be halted over tax issues.
Source link
