Taiwan Semiconductor Mfg. Co. Ltd. TSM shares are trading higher by 13.19% to $82.40 during Tuesday's session after Berkshire Hathaway and Tiger Global took stakes in the company.

Per Reuters, Berkshire Hathaway has taken a new position of roughly60.1 million ADSs in TSMC.According to data from Benzinga Pro, this positionamounts to roughly a 1.16% stake in the company's ADS share float of 5.19 billion.

The Berkshire filing is relevant for positionsas of the quarter ended September30.

For the unitiated, TSMC is a long-time supplierApple Inc AAPL , a favorite investment of Buffett's Berkshire.

Tom Russo, a partner at Gardner, Russo & Quinn in Lancaster, Pennsylvania, told Reuters: "I suspect Berkshire has a belief that the world cannot do without the products manufactured by Taiwan Semi."

"Only a small number of companies that can amass the capital to deliver semiconductors, which are increasingly central to people's lives," he added.

TSMC has a 52-week high of $145.00 and a 52-week low of $59.43.