semiconductors

China and Japan are once again on a collision course, this time over the highly strategic semiconductor industry.

With Europe and the US entering recession in the last half of this year, Asia, despite a series of severe lockdowns, is facing a brighter future, according to MainFirst portfolio manager Frank Schwarz, in an Investment Officer BE  interview, who adds that his favourite Asian investment theme is semiconductors.

Schwarz manages the newly launched MainFirst - Megatrends Asia fund. This equity fund focuses on Asian investment themes such as digitalisation, consumption, automation and decarbonisation.

Can you imagine it? The chip industry that will suffer the same fate as the steel industry, namely chronic overcapacity. That’s what GaveKal, one of the most prestigious research firms in the investment world, has written in its analysis ‘The Future of Chips is overcapacity’.