Activist investor Dan Loeb's Third Point LLC slashed its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 23% in the third quarter of 2025.

Over the past few quarters, Loeb has been reducing his stake in the company.

According to a recent 13F filing, reflecting his holdings as of Sept. 30, 2025, Third Point lowered its stake to 1.10 million shares from 1.43 million in the second quarter of 2025 and 1.78 million shares in the first quarter of 2025.

Political Tension Looms

Recently, the Trump administration signaled a tough stance on Chinese semiconductors while delaying actual tariffs until 2027.

“China’s targeting of the semiconductor industry for dominance is unreasonable and burdens or restricts U.S. commerce and thus is actionable,” the U.S. Trade Representative said in a statement.

Last month, Taiwan Semiconductor reportedly planned to raise prices for its advanced chips, shrugging off heightened geopolitical tensions as China carried out military drills near the island.

Third-Quarter Earnings Release

In October, Taiwan Semiconductor reported third-quarter net sales of $33.1 billion (989.9 billion New Taiwanese dollars), up 30.3% year-over-year (Y/Y), topping the analyst consensus estimate of $31.5 billion. Net sales grew 6.0% quarter over ...