Buffett’s $5 Billion TSMC Purchase Adds to Wave of Bullish Calls
- Morgan Stanley and Goldman Sachs cite attractive valuations
- Stock is a “great value play” in the long term, LW Asset says
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For investors looking for a dip-buying opportunity in the global chip industry, Berkshire Hathaway Inc. may have a recommendation: Taiwan Semiconductor Manufacturing Co.
Warren Buffett’s conglomerate picked up a $5 billion stake in the firm in the recent quarter amid a rout that wiped out over $250 billion from the stock. It hasn’t commented publicly on the deal but market watchers attribute the purchase to TSMC’s cheap valuations, technology leadership and solid fundamentals.