Overseas investors such as Berkshire Hathaway, Tiger Global, and Bridgewater Fund have made large bets on TSMC. After the news came out, the Taiwan ETF, which has a heavy position in the chip giant, rose sharply.
Taiwan's exchange-traded funds (ETFs) with huge exposure to the chipmaker surged as overseas investors made big bets on Taiwan Semiconductor Manufacturing Co (TSMC).
The Fubon Taiwan Technology ETF has the largest exposure to TSMC, with nearly 60% of its assets invested in TSMC. Shares in the ETF jumped 6% in a week following the news that overseas investors were betting heavily on the chipmaker.
