Warren Buffett joins Taiwan’s TSMC

At 92, Warren Buffett is still more right than wrong, his fans say. (Here is a recording from 2019.)
Image: AP/Nati Harnik

Berkshire Hathaway relies on Taiwan’s technology leadership. The investment giant of investor guru Buffett buys into the world’s largest semiconductor manufacturer.

DThe billionaire’s American investment firm Berkshire Hathaway Warren Buffett is making a rare foray into the tech sector with a billion-dollar investment. The company bought shares in the world’s largest contract chipmaker Taiwan Semiconductor Manufacturing (TSMC) for more than $4.1 billion, the conglomerate said on Monday.

Berkshire doesn’t typically make large technology investments, but it often favors companies that have competitive advantages due to their size. In the past, this also applied to Apple, for example.

TSMC posted an 80 percent jump in profits in the third quarter, bolstered by demand from customers including iPhone maker Apple. Asia’s most valuable public company began building a $12 billion factory in Arizona in August.

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