For investment professionals only 2023 has been a busy year so far, with members of Walter Scott's Research team travelling far and wide – to India, Germany, Spain and the US. Here, Investment Managers Tom Miedema and Matthew Gerlach discuss the findings from some of these trips, focusing particularly on their semiconductor industry visit to the US. Over two weeks, they met with businesses as well as policymakers to get an update on the industry’s long-term outlook, growth expectations and US-based supply chain capabilities. The podcast is intended for investment professionals only and should not be construed as investment advice or a recommendation. Any stock examples discussed are given in the context of the theme being explored, and the views expressed are those of the presenters at the time of the recording.