By Kathryn Hardison

 

American depositary receipts of Taiwan Semiconductor Manufacturing Co. increased 6.8% to $77.75 in after-hours trading on Monday after Berkshire Hathaway Inc. disclosed a new position in the chipmaker.

Warren Buffet's company bought about 60 million shares of Taiwan Semiconductor for about $4.1 billion in the third quarter, according to its latest 13F filing. Taiwan Semiconductor is the world's largest contract manufacturer of chips.

Berkshire spent $9 billion buying stocks in the recent quarter. Berkshire also purchased shares of American building materials manufacturer Louisiana-Pacific Corp. and Jefferies Financial Group Inc. It also added to its existing stakes in Paramount Global, Celanese Corp. and RH, formerly known as Restoration Hardware.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

November 14, 2022 17:52 ET (22:52 GMT)

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