In January 2023, Warren Buffett's Berkshire Hathaway sold a significant portion of its stake in Taiwan Semiconductor Manufacturing Co. (TSMC), which is one of Apple's most important suppliers for chips used in its products.
This move by Buffett was viewed as a shift in his investment strategy, as he has been a longtime investor in TSMC and has previously praised the company's leadership and innovation. While the exact reasons for the sell-off are not clear, it is believed that Apple's decision to invest heavily in its own chip-making capabilities, as well as concerns over the global chip shortage and rising chip prices, may have played a role in the decision. Apple's recent move to produce its own 5G modem chips in-house starting in 2023 may have also contributed to the decision.
This move by Buffett also reflects the dynamic nature of the tech industry and the constant evolution of supply chains and partnerships, as companies like Apple seek to reduce their reliance on outside suppliers and take more control over key components. Overall, Buffett's sell-off of TSMC shares serves as a reminder of the importance of constantly reassessing investment strategies and staying aware of market trends and disruptions.
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