Gaming PC

Buffet Spends $5 Billion For a Slice of TSMC

Warren Buffett, a prominent wealthy individual, bought 60 million shares of chip manufacturer TSMC in an investment made through his investment firm Berkshire Hathaway worth $5 billion.the news is SEC filing (opens in new tab).

(Image credit: TSMC)

As the sixth richest person in the world and with a net worth of over $100 billion, Buffett should know a thing or two about investing.But his purchase was oddly timed, with companies such as Intel (opens in new tab) and GlobalFoundries (opens in new tab) It is announcing market share losses and job cuts as the semiconductor industry experiences a slowdown following its recent peak.

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