The Register had a direct quote from Charlie Munger on this question. ...Munger isn't keen on semiconductors because they're too capital intensive. "The semic

The Register had a direct quote from Charlie Munger on this question. ...Munger isn't keen on semiconductors because they're too capital intensive. "The semiconductor industry is a very peculiar industry: you have to take all the money you've made and with each new generation of chips you throw in all the money you previously made, so it's compulsory investment of everything … to stay in the game," he said. "Naturally I hate a business like that. At Berkshire we like a whole lot of surplus money to come in that we can do something else with." Asked about Taiwan Semiconductor Manufacturing Company Limited (TSMC) – which just delivered Berkshire Hathaway a fast and tidy profit – Munger said he thinks the company "may be a good buy at these prices." https://www.theregister.com/2023/02/16/charlie_mumger_slams_cryptocurrency_again/ https://www.theregister.com/2023/02/16/charlie_mumger_slams_...