Business Maverick: Buffett’s quick $3.7bn sale of TSMC stock spooks investors

Buffett’s Berkshire Hathaway cut its holding of TSMC’s American depositary receipts by 86% last quarter, according to the latest filing. Assuming it sold them at the average price over the period, the stake sale would have fetched $3.7-billion.

The chip industry has had to contend with Covid-induced supply disruptions in China and a slump in demand for electronics amid surging inflation. TSMC cut its spending target by about 10% in 2022 to about $36-billion after the Biden administration slapped new restrictions on China’s access to critical technologies.

Late last year appeared to be a good time to buy TSMC shares as a value investor. Its forward price-to-earnings ratio hit 10.3 times in October, the lowest since 2015, before bouncing back to nearly 14 times in November, according to data compiled by Bloomberg.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Business Maverick: Singapore eyes chips investments amid US-China tensionSingapore will be looking to win its “fair share” of investments in semiconductor assembly and integrated circuit design, a top official said, amid a growing geopolitical divide between the US and China over trade and technology. I be sharing this good news on how am getting paid from AnthonyRobert__ platform if I didn't see others testifying I was doubting but now that am experiencing how great his platform is.I also recommend you to AnthonyRobert__ bitcoin mining for safe and secured investment
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »