Your bet for Taiwan Semiconductor Manufacturing Company (TSMC) in the last quarter has led to strong gains for the stock, after its share purchases have been reported to the US regulator.
During the past quarter, Berkshire Hathaway, the holding company, bought $4.1 billion in TSMC sharesa clear commitment to the largest semiconductor manufacturer in the world, which is not usually the case for Buffett.
Although, once again, the mythical investor showed his opportunism, since he bought TSMC shares when they had plummeted to a two-year low, due to negative forecasts for global demand for semiconductors.
Buffett took advantage of this bad moment to buy 60 million of the shares of TSMC listed on Wall Street, thus joining other large American investors present in its capital, such as BlackRock and Vanguard Group.
Source: Ambito
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