![]() By entering new markets, you'll be able to reach new customers and generate more revenue. For example, if you sell products popular in the United States, you could start selling them in other countries. This could mean expanding into new geographic markets or launching a new product that appeals to a different customer segment. CNN Sans ™ & © 2016 Cable News Network.Another way to diversify your revenue is to enter new markets. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account CNN’s Juliana Liu contributed to this report. TSMC stock rose 2% Tuesday in Taipei, while its US-listed shares slipped 0.5% in after-hours trading in New York. According to a regulatory filing, Macquarie has increased its stake in TSMC, while Tiger Global has also bought in. While TSMC is expanding overseas in countries including the United States, it’s also growing its footprint back home in Taiwan, where it plans to add more than 6,000 jobs this year.Īs Berkshire Hathaway revealed its withdrawal Monday, other prominent investors made bets on the stock. The company is perceived as being so valuable to the global economy, as well as to China, that it is sometimes even referred to as forming part of a “silicon shield” against a potential military invasion by Beijing. ![]() TSMC’s presence is seen as providing a strong incentive to the West to defend Taiwan against any attempt by China to take it by force. Franklin/APĪs the world courts TSMC, Taiwan worries about losing its 'silicon shield' President Joe Biden, left, shakes hands with Taiwan Semiconductor Manufacturing Company Chairman Mark Liu, right, as the two meet on stage after touring the TSMC facility under construction in Phoenix, Tuesday, on Dec. It’s also one of the world’s most valuable listed companies, with a market capitalization of 12.8 trillion New Taiwan Dollars (approximately $415.3 billion) as of Tuesday. The firm is the world’s largest chip manufacturer, according to Gartner. It mass produces the most advanced semiconductors in the world, components that are vital to the smooth running of everything from smartphones to washing machines. TSMC is considered a national treasure in Taiwan, supplying semiconductors to global tech giants including Apple TSMC declined to comment Tuesday on Berkshire Hathaway’s divestment. “Marvelous people and marvelous competitive position and everything, I’d rather find it in the United States.”īuffett said his reassessment of the company was in “light of certain things that were going on.” He had previously pointed to geopolitical tensions as a concern. “There’s no one in the chip industry that’s in their league, at least in my view,” he said. “I wish it weren’t sold, but I think that’s a reality.”ĭespite the share sale, Buffett lauded TSMC as “one of the best-managed companies and important companies in the world.” “I feel better about the capital that we’ve got deployed in Japan than in Taiwan,” the Berkshire Hathaway chairman added. Warren Buffett gives reason for surprise sale of stake in Taiwan's TSMCĪsked to explain his decision on an analyst call this month, the billionaire said: “I don’t like its location, and I’ve reevaluated that.” Warren Buffett, Chairman, CEO and largest shareholder of Berkshire Hathaway takes part in interviews before a fundraising luncheon for the nonprofit Glide Foundation in New York September 8, 2015.
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