Sell TSMC, Buy ASML Calls Grow as China-Taiwan Risks Loom
- Martin Currie, Plato IM opt to buy shares of TSMC’s supplier
- Fund managers follow Warren Buffett’s decision to avoid TSMC
The Taiwan Semiconductor Manufacturing Co. logo atop a building in Hsinchu, Taiwan.
Photographer: An Rong Xu/BloombergThis article is for subscribers only.
Intensifying Chinese pressure on Taiwan is prompting some equity investors to buck the trend and exit Taiwan Semiconductor Manufacturing Co.
Martin Currie’s Zehrid Osmani began winding down his TSMC position early last year and was fully divested by May. Shelton Capital Management’s Bruce Kahn started selling TSMC shares last October and eliminated his stake by January, while Sydney-based hedge fund Plato Investment Management said it’s “nervous” about the world’s largest foundry business.