Edison Group believes that the combination of policymakers interfering with current semiconductor supply chains by adding capacity, chip shortages coming to an end and economic pressures (eg from China or pandemic flare-ups) means a selective approach to semiconductor investing is key in the coming year. Semiconductor content in cars is still expected to grow significantly and, given heightened global energy transition ambitions, Edison expects it to grow at an accelerated pace. The expected increase in chip supply during the first half of the year should be positive for a recovery in vehicle manufacture. This is in line with René Hochreiter's view on vehicle manufacture and a subsequent increase in PGM demand, which should be supportive of PGM companies, including Sylvania Platinum.
See our PGM outlook here https://lnkd.in/dbd3HwwX
