Berkshire Hathaway Inc said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing , a rare significant foray into the technology sector by billionaire Warren Buffett's conglomerate.
The news sent shares in TSMC soaring, closing up 7.9 per cent in Taiwan on Tuesday, as it boosted investor sentiment for the world's largest contract chipmaker, which saw its shares hit a two-year low last month due to a sharp slowdown in global chip demand.
In a Monday regulatory filing describing its U.S.-listed equity investments as of Sept. 30, Berkshire said it owned about 60.1 million American depositary shares of TSMC.
TSMC's
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