diff --git a/platform/mellanox/hw-management.mk b/platform/mellanox/hw-management.mk
index 4cf961ac7d..620dd39a96 100644
--- a/platform/mellanox/hw-management.mk
+++ b/platform/mellanox/hw-management.mk
@@ -16,7 +16,7 @@
 #
 # Mellanox HW Management
 
-MLNX_HW_MANAGEMENT_VERSION = 7.0010.3331
+MLNX_HW_MANAGEMENT_VERSION = 7.0020.1300
 
 export MLNX_HW_MANAGEMENT_VERSION
 
diff --git a/platform/mellanox/hw-management/0002-Disable-hw-mgmt-on-SimX-platforms.patch b/platform/mellanox/hw-management/0002-Disable-hw-mgmt-on-SimX-platforms.patch
new file mode 100644
index 0000000000..c12474712b
--- /dev/null
+++ b/platform/mellanox/hw-management/0002-Disable-hw-mgmt-on-SimX-platforms.patch
@@ -0,0 +1,81 @@
+From 79dadd5b0d2f5e860b525c12d4d3843607b03a9f Mon Sep 17 00:00:00 2001
+From: Alexander Allen <arallen@nvidia.com>
+Date: Fri, 21 Jan 2022 16:47:19 +0000
+Subject: [PATCH] Disable hw-mgmt on SimX platforms
+
+---
+ usr/usr/bin/hw-management-ready.sh | 31 ++++++++++++++++--------------
+ usr/usr/bin/hw-management.sh       |  9 +++++++++
+ 2 files changed, 26 insertions(+), 14 deletions(-)
+
+diff --git a/usr/usr/bin/hw-management-ready.sh b/usr/usr/bin/hw-management-ready.sh
+index 5a9698c..364f906 100755
+--- a/usr/usr/bin/hw-management-ready.sh
++++ b/usr/usr/bin/hw-management-ready.sh
+@@ -51,19 +51,22 @@ if [ -d /var/run/hw-management ]; then
+ 	rm -fr /var/run/hw-management
+ fi
+ 
+-case $board_type in
+-VMOD0014)
+-	while [ ! -d /sys/devices/pci0000:00/0000:00:1f.0/NVSN2201:00/mlxreg-hotplug/hwmon ]
+-	do
+-		sleep 1
+-	done
+-	;;
+-*)
+-	while [ ! -d /sys/devices/platform/mlxplat/mlxreg-hotplug/hwmon ]
+-	do
+-		sleep 1
+-	done
+-	;;
+-esac
++if [ -z "$(lspci -vvv | grep SimX)" ]; then
++	case $board_type in
++	VMOD0014)
++		while [ ! -d /sys/devices/pci0000:00/0000:00:1f.0/NVSN2201:00/mlxreg-hotplug/hwmon ]
++		do
++			sleep 1
++		done
++		;;
++	*)
++		while [ ! -d /sys/devices/platform/mlxplat/mlxreg-hotplug/hwmon ]
++		do
++			sleep 1
++		done
++		;;
++	esac
++fi
++
+ echo "Start Chassis HW management service."
+ logger -t hw-management -p daemon.notice "Start Chassis HW management service."
+diff --git a/usr/usr/bin/hw-management.sh b/usr/usr/bin/hw-management.sh
+index ebfabb0..c0c038e 100755
+--- a/usr/usr/bin/hw-management.sh
++++ b/usr/usr/bin/hw-management.sh
+@@ -1495,6 +1495,13 @@ do_chip_down()
+ 	/usr/bin/hw-management-thermal-events.sh change hotplug_asic down %S %p
+ }
+ 
++check_simx()
++{
++	if [ -n "$(lspci -vvv | grep SimX)" ]; then
++		exit 0
++	fi
++}
++
+ __usage="
+ Usage: $(basename "$0") [Options]
+ 
+@@ -1520,6 +1527,8 @@ Options:
+ 	force-reload	Performs hw-management 'stop' and the 'start.
+ "
+ 
++check_simx
++
+ case $ACTION in
+ 	start)
+ 		if [ -d /var/run/hw-management ]; then
+-- 
+2.17.1
+
diff --git a/platform/mellanox/hw-management/0003-Make-hw-mgmt-SimX-compatiable.patch b/platform/mellanox/hw-management/0003-Make-hw-mgmt-SimX-compatiable.patch
deleted file mode 100644
index 4e49516c8d..0000000000
--- a/platform/mellanox/hw-management/0003-Make-hw-mgmt-SimX-compatiable.patch
+++ /dev/null
@@ -1,61 +0,0 @@
-From 5858f60aa5948a502ca8a1c9357ac81baa6f68dc Mon Sep 17 00:00:00 2001
-From: junchao <junchao@nvidia.com>
-Date: Fri, 23 Apr 2021 09:27:43 +0800
-Subject: [PATCH] Make hw-mgmt SimX compatible
-
----
- usr/usr/bin/hw-management-ready.sh | 11 +++++++----
- usr/usr/bin/hw-management.sh       |  9 +++++++++
- 2 files changed, 16 insertions(+), 4 deletions(-)
-
-diff --git a/usr/usr/bin/hw-management-ready.sh b/usr/usr/bin/hw-management-ready.sh
-index 3c9f7b6..05d143f 100755
---- a/usr/usr/bin/hw-management-ready.sh
-+++ b/usr/usr/bin/hw-management-ready.sh
-@@ -49,9 +49,12 @@ if [ -d /var/run/hw-management ]; then
- 	rm -fr /var/run/hw-management
- fi
- 
--while [ ! -d /sys/devices/platform/mlxplat/mlxreg-hotplug/hwmon ]
--do
--	sleep 1
--done
-+if [ -z "$(lspci -vvv | grep SimX)" ]; then
-+        while [ ! -d /sys/devices/platform/mlxplat/mlxreg-hotplug/hwmon ]
-+        do
-+                sleep 1
-+        done
-+fi
-+
- echo "Start Chassis HW management service."
- logger -t hw-management -p daemon.notice "Start Chassis HW management service."
-diff --git a/usr/usr/bin/hw-management.sh b/usr/usr/bin/hw-management.sh
-index 991cf45..16ad0bf 100755
---- a/usr/usr/bin/hw-management.sh
-+++ b/usr/usr/bin/hw-management.sh
-@@ -1265,6 +1265,13 @@ do_chip_down()
- 	/usr/bin/hw-management-thermal-events.sh change hotplug_asic down %S %p
- }
- 
-+check_simx()
-+{
-+        if [ -n "$(lspci -vvv | grep SimX)" ]; then
-+                exit 0
-+        fi
-+}
-+
- __usage="
- Usage: $(basename "$0") [Options]
- 
-@@ -1290,6 +1297,8 @@ Options:
- 	force-reload	Performs hw-management 'stop' and the 'start.
- "
- 
-+check_simx
-+
- case $ACTION in
- 	start)
- 		if [ -d /var/run/hw-management ]; then
--- 
-1.9.1
-
diff --git a/platform/mellanox/hw-management/hw-mgmt b/platform/mellanox/hw-management/hw-mgmt
index 0ece116e31..cd4e3f7bdc 160000
--- a/platform/mellanox/hw-management/hw-mgmt
+++ b/platform/mellanox/hw-management/hw-mgmt
@@ -1 +1 @@
-Subproject commit 0ece116e31bd15031af263e28a1b681d4575db5e
+Subproject commit cd4e3f7bdc9fe77f0dc78b405e52fe876f7ca490