Warren Buffett dumps Berkshire Hathaway’s entire stake in TSMC (ceoworld.biz)

Warren Buffett dumps Berkshire Hathaway’s entire stake in TSMC


Warren Buffett was recently ranked No. 9 in a list of the worlds best CEOs for 2023 meanwhile, Berkshire Hathaway ranked No. 11 in the CEOWORLD magazines ranking of the most influential companies in the world.

In the previous quarter, Berkshire Hathaway (BRKA) disclosed that it had bought 60 million American depository receipts in TSMC, valued at around 4.1 billion.

In an interview with Nikkei Asia in April, Buffett admitted that geopolitical tensions were a consideration in selling the shares in TSMC.

I feel better about the capital that weve got deployed in Japan than in Taiwan, the Berkshire Hathaway chairman added. I wish it werent sold, but I think thats a reality.

Despite the share sale, Buffett lauded Taiwan Semiconductor Manufacturing Company (TSM) as one of the bestmanaged companies and most important companies in the world.

Theres no one in the chip industry thats in their league, at least in my view, he said.

Marvelous people and marvelous competitive position and everything, but Id rather find it in the United States.

During an analyst call this month, the billionaire was asked to elaborate on his decision.

It was quite uncommon for Buffett to make a quick sale since hes renowned for making longterm investments.

In recent weeks, Warren Buffett has repeatedly expressed concerns over the future of Taiwan.


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