Buffett's Berkshire Hathaway slashes TSMC stake by over 86%

$3.7bn sale

Semiconductor giant TSMC saw its share price fall 3.6% after Berkshire Hathaway cut its stake in the firm.

Berkshire cut its position in TSMC by 86.2% to 8.29 million sponsored American depositary shares, equating to $3.7bn worth of stock, according to a regulatory filing. Underperforming markets push distribution staff to doors as bonuses dwindle The move comes roughly three months after Berkshire said it had bought more than $4.1bn worth of TSMC stock. At the time, this caused the company's share price to rise almost 8% on the day. The firm, which is headed by veteran stock picker Warren Buffet, also downside its holdings in several banks in Q4 2022, while increasing its holdings i...