3 Things About Taiwan Semiconductor That Smart Investors Know
Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC, made news in November when the 13F filing from Warren Buffett's Berkshire Hathaway revealed that the holding company had taken a $4 billion stake in the semiconductor manufacturer. Although it's unknown whether Buffett or one of his lieutenants made the purchase, Berkshire's interest in making a stock buy seemingly validates the investment thesis for TSMC.
For new investors, it's not too late to follow Buffett's team into this stock. In the end, TSMC should continue to prosper because of three key attributes that the smartest investors know about this company.
Buffett has made it known that he likes companies making products that are continuously in demand. That's part of why Berkshire bought companies like See's Candies and Justin Boots in the past. This attribute pertains to semiconductors as well, since chips go into seemingly every electronics-related product built today. So it shouldn't come as a big surprise that TSMC would attract the attention of Berkshire.
Source Fool.com
