Berkshire Hathaway, billionaire Warren Buffet’s conglomerate, has bought more than $4.1 billion (roughly Rs. 33,212 crore) of stock in Taiwan Semiconductor Manufacturing (TSMC), the firm announced on Tuesday. The conglomerate now owns about 60.1 million American depositary shares of TSMC, but the filing did not specify whether Buffett or his portfolio managers Todd Combs and Ted Weschler made specific purchases and sales.
Berkshire Hathaway said it bought more than $4.1 billion (roughly Rs. 33,212 crore) 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 percent 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.
In a Monday regulatory filing describing its US-listed equity investments as of September 30, Berkshire said it owned about 60.1 million American depositary shares of TSMC.
TSMC’s other foreign investors include US asset managers BlackRock and Vanguard Group, and Singapore sovereign wealth fund GIC.
