Warren Buffett’s Berkshire Hathaway sold its holdings in the chip giant due to which the company's share fell as much as 4%.
Berkshire Hathaway said it had about 8.3 million American depository shares of TSMC worth $618 million.
Berkshire Hathaway has sold 86% of its share.
In November 2022, Berkshire Hathaway held about 60 million American depository shares of TSMC worth $4.1 billion.
Shares in TSMC, which accounts for an estimated 90% of the world’s super-advanced computer chips, fell by more than 3%.
In 2022, TSMC announced that it is building a second semiconductor factory in Phoenix and increasing its investment there.
TSMC’s global expansion comes as political tension has heightened between Washington and Beijing.
In early February 2023, US Secretary of State Antony Blinken postponed a planned trip to China in response to the flying of a suspected Chinese spy balloon over the United States.
Netherlands and Japan have joined the United States in restricting sales of some computer chip machinery to the country.
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