Published on 14 Nov 2022 on Reuters via Yahoo Finance
Buffett's Berkshire discloses $4.1 billion TSMC stake
By Jonathan Stempel
(Reuters) -Berkshire Hathaway Inc said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing, a rare significant foray into the technology sector by billionaire Warren Buffett's conglomerate.
The news sent shares in TSMC soaring, closing up 7.9% in Taiwan on Tuesday, as it boosted investor sentiment for the world's largest contract chipmaker, which saw its shares hit a two-year low last month due to a sharp slowdown in global chip demand.