Warren Buffet Sells Billions in Taiwanese Chip Maker as Experts Fear China Is Preparing for an Offensive
The CCP believes that Taiwan is part of China. Experts fear that an invasion of the island nation is now imminent
Warren Buffet purchased a large stake in a Tawainese chip-maker but then he turned around and sold his stake. A big reason for this swift turnaround was due to his concerns that China will invade the island nation.
Reuters reported this week:
Warren Buffett called geopolitical tensions “a consideration” in Berkshire Hathaway Inc’s (BRKa.N) decision to sell most of its stake in Taiwanese chipmaker TSMC (2330.TW) just a few months after buying it, Nikkei reported on Tuesday.
Berkshire had bought more than $4.1 billion of Taiwan Semiconductor Manufacturing Co’s shares between July and September 2022, but in February said it had sold 86% of its stake by year-end.