News Snapshot:
Warren Buffett ’s Berkshire Hathaway has sold its entire stake in the world’s largest chipmaker TSMC— just six months after disclosing a major stake worth $4.1 billion in the chip manufacturer. The unexpected U-turn by Buffett’s company has put investors on alert, dragging down the Taiwanese firm’s share price by 4% in Taipei. Buffett’s decision was made on the back of concerns that he has expressed over the geo political future of Taiwan and China. Advertisement TSMC controls more than half of the world’s $85 billion semiconductor market. Earlier this month, at Berkshire Hathaway’s annual meeting, Buffett called it “one...
