cnn Berkshire sells TSMC

[UltraMega]

Quote

The company is perceived as being so valuable to the global economy, as well as to China — which claims Taiwan as its own territory despite having never controlled it — 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.

Warren Buffett gives reason for surprise sale of stake in Taiwan's TSMC | CNN Business

WWW.CNN.COM

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Warren Buffett says geopolitical tensions were "a consideration" in the decision to sell most of Berkshire Hathaway's...

 

 

If the market is reacting to a threat from China, that's pretty big news in and of itself.

 

[UltraMega]

This is related to the recent news about the Discord leak as well: 

China likely to rapidly achieve air superiority over Taiwan, US leaks say | Taiwan | The Guardian

WWW.THEGUARDIAN.COM

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Documents among those shared by alleged leaker raise questions over island’s military readiness

 

 

 

This video explains the phenomenon know as the "silicone sheild":

 

 

 

Edited April 16, 2023 by UltraMega