Reported 3 days ago
Steve Weiss, chief investment officer of Short Hills Capital Partners, recently stated on CNBC that he has reduced his stake in Taiwan Semiconductor Manufacturing Company (TSM) due to concerns about potential conflicts involving China, despite it remaining his largest investment. He notes discrepancies in the market where defense stocks are rising amid increased missile production related to global tensions, which raises alarms given TSM's operations in Taiwan, a focal point for such conflicts. Additionally, shifting economic conditions are affecting the semiconductor industry's plans for expansion and exports.
Source: YAHOO