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Buffet Spends $5 Billion For a Slice of TMSC

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Famous rich particular person Warren Buffet has purchased 60 million shares in chip fabricator TSMC, with the funding carried out by way of his funding firm Berkshire Hathaway, valued at $5 billion. The information comes by way of an SEC submitting (opens in new tab).

(Picture credit score: TSMC)

Because the sixth richest individual on the earth, with a web value of over $100 billion, Buffet ought to know a factor or two about investing. Nonetheless, his buy is oddly timed, with corporations corresponding to Intel (opens in new tab) and GlobalFoundries (opens in new tab) asserting market share losses and job cuts because the semiconductor {industry} experiences a slowdown following its latest peak.

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