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Taiwan Semiconductor jumps, as Berkshire Buys millions of Stocks

The Oracle of Omaha bought just over 60 million of TSMC’s Shares at an average price of around $68.56, according to SEC filings!

Shares of several companies are outperforming the broader stock market after Warren Buffett’s Berkshire Hathaway disclosed new or expanded positions in them in a 13F filing late Monday.

Tweet on Warren’s move on TSMC stocks

Factset:Chart on TSMC stock jumps upon the news

Taiwan Semiconductor Manufacturing, a new Berkshire investment, jumped nearly 13%. It was on pace for its biggest percentage increase since July 2020, according to Dow Jones Market Data.

Warren Buffet’s company bought about 60 million shares of Taiwan Semiconductor for about $4.1 billion in the third quarter, according to its latest 13F filing. Taiwan Semiconductor is the world’s largest contract manufacturer of chips.

Berkshire spent $9 billion buying stocks in the recent quarter. Berkshire also purchased shares of American building materials manufacturer Louisiana-Pacific Corp. and Jefferies Financial Group Inc. It also added to its existing stakes in Paramount Global, Celanese Corp. and RH, formerly known as Restoration Hardware.

  • TSMC Shares Jump 7%  after Berkshire Hathaway Reveals Stake

TSMC closed nearly 8% higher Tuesday on the Taiwan Stock Exchange, where the company’s primary listing is, setting up a potential rally during U.S. trading hours.

TSMC’s Taiwan shares are down around 22% this year. The chip maker has a market capitalization of around $400 billion, according to FactSet.