Buffett's Berkshire Hathaway sells 86% of Taiwan Semi (TSM) stock holdings
Berkshire Hathaway is dumping Taiwan semi (TSM) shares after acquiring more last year.
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Berkshire Hathaway is dumping Taiwan semi (TSM) shares after acquiring more last year.
The company predicts a continuation of market demand softness entering Q1 2023.
The Warren Buffett conglomerate has made a massive investment in tech.
TSMC is reportedly investigating expansion in Japan as Taiwan independence remains in contention due to pressure from China.
Despite the surge in year-over-year profits, TSMC remains cautious about the outlook of chip demand in 2023.
'The war brings no winners, everybody's losers,' TSMC's Mark Liu said, claiming a conflict would render the world's leading chip manufacturer inoperable.
Taiwan Semiconductor put up an excellent quarter and has raised guidance for its upcoming Q3 as a result.
Leads in several corners of the semiconductor industry shared that resources that usually come from Russia or Ukraine could be sourced elsewhere.
Unprecedented demand is likely to keep global chip supply scarce for the immediate future.
With global semiconductor manufacturing at capacity and demand at an all-time high, chip shortages are putting the squeeze on businesses around the world.