Berkshire Hathaway Inc said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing , , a rare significant foray into the technology sector by billionaire Warren Buffett's conglomerate.
in quarterly profit last month, but struck a more cautious note than usual on upcoming demand.
"I suspect Berkshire has a belief that the world cannot do without the products manufactured by Taiwan Semi," said Tom Russo, a partner at Gardner, Russo & Quinn in Lancaster, Pennsylvania, which owns Berkshire shares. "Only a small number of companies that can amass the capital to deliver semiconductors, which are increasingly central to people's lives," he added.Its more than six-year wager during the last decade in IBM Corp
did not pan out, but Berkshire is sitting on huge unrealized gains on its $126.5 billion stake in Apple, which Buffett views more as a consumer products company.Berkshire disclosed the TSMC stake about 2-1/2 months after it began
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Berkshire Hathaway discloses stakes in TSMC, Jefferies, Louisiana-Pacific, sending those stocks higherBerkshire Hathaway added positions in materials manufacturer Louisiana-Pacific, investment bank Jefferies Financial Group and chip manufacturer Taiwan Semiconductor Manufacturing Co. during the third quarter
Read more »
Warren Buffett’s Berkshire Hathaway Increases Stake in Paramount Global as Streaming Wars Stay HotThe billionaire investor's company now owns about 15 percent of Paramount's Class B shares after first disclosing its stake in May.
Read more »
Buffett's Berkshire discloses big Taiwan Semi stakeBerkshire Hathaway Inc said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing Co , a rare significant foray into the technology sector by billionaire Warren Buffett's conglomerate.
Read more »
Buffett-backed Nubank's revenue surges on robust customer growthNu Holdings Ltd posted a near three-fold jump in third-quarter revenue on Monday, as the Warren Buffett-backed digital banking firm saw rapid customer growth in its key domestic Latin American market.
Read more »
Anne Hathaway Turns 40: Her 12 Best Performances, From ‘The Princess Diaries’ to ‘The Devil Wears Prada’From starring in mega hit movies to playing a destructive drug addict to a cowgirl whose husband is hiding a secret love affair, Anne Hathaway has been a high-profile Hollywood princess for more th…
Read more »