Berkshire Hathaway cut nearly all of its Taiwan Semiconductor Manufacturing stake.
It was somewhat surprising when Warren Buffett’s conglomerate Berkshire Hathaway (BRK.A 0.02%) (BRK.B 0.02%) purchased its first semiconductor stock, Taiwan Semiconductor Manufacturing (TSM -0.79%), last summer. Yet it was even more surprising to learn that Berkshire has already cut its TSMC stake significantly, lowering its holding by 86% in the fourth quarter — just one quarter after purchasing the stock.
TSMC seemed like a solid bet for Berkshire. As the largest outsourced foundry in the world, TSMC makes high profit margins and seems set to benefit from the growth of semiconductors over the long term. So, why might the Oracle of Omaha have already decided to sell the stock?
Read more here: https://www.fool.com/investing/2023/02/19/why-did-warren-buffett-sell-taiwan-semiconductor-m/
