Famed investor Warren Buffett brought Taiwan Semiconductor Manufacturing (NYSE: TSM) into the spotlight this month after the Oracle of Omaha's Berkshire Hathaway holding company revealed it bought a $4.1 billion stake in the foundry giant. It won't be surprising to see the stock maintain this terrific momentum in 2023 and beyond because management's long-term growth projections, presented at the company's latest investor day, point toward healthy demand for ASML's offerings. ASML expects annual revenue to range between 30 billion euros and 40 billion euros in 2025.
Berkshire Hathaway will receive roughly $6 billion in dividend payments from stocks like these two over the next 12 months.
Shares of leading semiconductor companies Taiwan Semiconductor Manufacturing (NYSE: TSM), Intel (NASDAQ: INTC), and Qualcomm (NASDAQ: QCOM) all fell today, declining 2.9%, 2.6%, and 3.6%, respectively, as of 3:37 p.m. ET. First, widespread protests in China over COVID-19 restrictions erupted this past weekend, putting pressure on any stock with exposure to China or products made there. Second, a report from a leading tech industry research company predicted a bigger decline in overall semiconductor revenue next year than it had forecast just four months ago.