Buffett: no company can compare with TSMC in the chip industry

Thanks to CTOnews.com netizen Xiao Zhan cut the clue delivery! CTOnews.com May 7-Billionaire investor Warren Buffett didn't praise U.S. semiconductor manufacturers at Berkshire Hathaway's annual meeting on Saturday, but praised TSMC, the chip company he once invested in.

Buffett said,"TSMC is one of the best and most important companies in the world, I don't like its geographical location, and re-evaluate this,... but in my opinion, no company in the chip industry can compare with it." "

Berkshire Hathaway disclosed in February that it sold an 86 percent stake in TSMC, which it bought only a few months ago for $4.1 billion (CTOnews.com notes: currently about 28.331 billion yuan), and now owns 0.2 percent of TSMC. Buffett explained in April that he was selling the shares because of heightened geopolitical tensions.

"They're good people and good competitors, but I'd rather find them in the U.S.," Buffett added Saturday.

TSMC shares have risen 120 percent over the past five years, outpacing the 55 percent gain in the S & P 500 over the same period, as rivals such as Intel try to regain market share by building new plants and boosting innovation in the United States.