The investment legend’s company shows interest in chips.
(Photo: AP)
new York When Warren Buffett takes action, investors always take a close look. Affectionately called the “Oracle of Omaha,” he is one of the most influential investors of our time. Sometimes just announcing Buffett’s buy is enough to send the stocks he’s adding to his portfolio skyrocketing.
Now the 92-year-old, who operates on the capital market with his US investment company Berkshire Hathaway, has struck again – and the surprise is great. According to Berkshire Hathaway’s quarterly filing with the Securities and Exchange Commission on Tuesday night, Buffett is making a rare foray into the technology sector with a billion-dollar investment.
The investor bought shares in Taiwan Semiconductor Manufacturing (TSMC), the world’s largest contract chip maker, for more than $4.1 billion, Berkshire said.
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