Billionaire Warren Buffett has apparently sold all his shares in the Taiwanese semiconductor manufacturing company (TSMC).
In a filing on Monday, Berkshire Hathaway said it no longer held a stake in the world's largest chipmaker as of the end of the first quarter.
This does not surprise investors because Buffett has previously expressed concern about Taiwan's future due to its dispute with China.
As a result, he has gradually reduced his TSMC stake in recent months.
In February, Berkshire revealed that it had sold 86% of its stake in the company, which it bought for $4.1 billion a few months earlier.
The sale was considered unusual because Buffett is known for his stance on making long-term bets.
By selling the remaining shares it still holds, it completes TSMC's ouster by the world investment icon.
Despite selling the shares, Buffett still praised TSMC as one of the most well-managed and important companies in the world.
However, due to the crisis in Taiwan and China as well as the United States, he gave up his stake in the company.
