Warren Buffett’s holding company, Berkshire Hathaway, has sold its entire stake in Taiwan’s leading chip maker TSMC, amid concerns about the future stability of the businesses. Agency reports Bloomberg.
“I feel more valued than Taiwan in the capital we have placed in Japan. I wish it wasn’t, but I think it’s a fact and I’ve exaggerated that in the past,” Buffett told investors at his annual meeting.
According to the agency, billionaire Buffett’s Berkshire Hathaway was pulled from stock in the first quarter. At the same time, the company reduced its share by 86% at the end of last year.
Buffett pointed out that the tension between China and Taiwan is too great to consider investing in TSMC as a safe investment. He also cited concerns about Apple’s complete dependence on the Taiwanese company, which has been producing all the processors for the American tech giant’s devices since 2016.
So far, investors seem indifferent to Buffett’s decision. At the same time, the billionaire himself remains a major investor in Apple, although he is completely dependent on the chip maker.
It was previously reported that Apple. formulated a new plan It is working to move production from China to other countries and is also looking for ways to reduce its dependence on TSMC.