Taiwan Semiconductor ADRs Up 6.8% After Hours After Berkshire Buys Stock
November 14 2022 - 6:07PM
Dow Jones News
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)
Copyright (c) 2022 Dow Jones & Company, Inc.
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