Warren Buffett, a well-known US investor, has invested in Chinese electric vehicle (EV) maker BYD.BYD), the world’s largest semiconductor contract manufacturing company, Taiwan Semiconductor Manufacturing Co., Ltd.TSMC) was evaluated as a “great company”. However, he has not stopped selling both stocks.
Buffett, chairman and CEO of investment and insurance firm Berkshire Hathaway, said in an interview with CNBC in Tokyo on Tuesday that he had a better feeling about BYD as a way to spend its money. Find what you can,” he said. Berkshire recently cut its stake in BYD H shares to 10.9% from 11.13%, according to a filing with U.S. regulators this week, but Buffett said he was in no rush to reduce his stake in BYD. rice field.
He credited himself with the acquisition of TSMC’s American Depositary Receipts (ADRs), which is rumored to have been picked by one of his agents. In October-December 2022 (Q4), TSMC’s ADR holdingsHe said the 86% cut was due to concerns over geopolitical tensions between China and Taiwan. The situation is beyond the company’s control, he said.
“I’ve reassessed that,” Buffett said.
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news-rsf-original-reference paywall">Original title:Buffett Praises BYD and TSMC After Selling Shares of Both Firms(excerpt)
