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Warren Buffett’s TSMC Selloff Backs Apple Over Its Supplier

17Feb

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Technology

Warren Buffett’s TSMC Selloff Backs Apple Over Its Supplier

[ad_1] Just months after disclosing a huge stake in Taiwan Semiconductor Manufacturing Co., Warren Buffett's Berkshire Hathaway Inc. reported dumping almost all of it. In doing so, the world's most famous investor may have left more than $1 billion in profit on the table while revealing even he may not be immune to macroeconomic jitters. Berkshire held 60.06 million American depositary receipts in the world's biggest chip manufacturer at the end of September, worth $4.12 billion at the time, according to an exchange filing. By the end of the year, those holdings fell to 8.3 million. Berkshire hasn't disclosed the prices it paid or received for these shares, but a quick look at TSMC's stock price chart shows that the timing was unfortunate: Shares climbed 29% to hit a 10-month high e...

TSMC Starts Next-Gen Mass Production as World Fights Over Chips

[ad_1] Taiwan Semiconductor Manufacturing Co. kicked off mass production of next-generation chips Thursday, ensuring the island remains the linchpin of a critical technology fought over by governments from Washington to Beijing. Taiwan Semiconductor Manufacturing Co. kicked off mass production of next-generation chips Thursday, ensuring the island remains the linchpin of a critical technology fought over by governments from Washington to Beijing. The primary chipmaker for Apple Inc. began bulk production of advanced 3-nanometer chips at its Tainan campus in southern Taiwan. In doing so, TSMC follows Samsung Electronics Co. in gearing up on production of a technology that's expected to control the next lineup of cutting-edge devices from iPhones to internet servers to supercomputers...

TSMC to Unveil Plans for Another US Chip Plant, WSJ Says

[ad_1] Taiwan Semiconductor Manufacturing Co. aims to build another chipmaking plant in Arizona on top of a $12 billion complex it’s already committed to. Taiwan Semiconductor Manufacturing Co. aims to build another chipmaking plant in Arizona on top of a $12 billion complex it's already committed to, the Wall Street Journal reported, citing people familiar with the plans. The world's largest contract chipmaker will announce its intention to establish another facility north of Phoenix, adjacent to the factory under construction, the Journal reported. The new investment should be similar to the first project's, it added. Representatives for the company didn't respond to requests for comment. The Biden administration is trying to attract investments in US chipmaking, part of effort...