Umicore lowers 2021 profit forecast on chip shortage woes

Umicore lowers 2021 profit forecast on chip shortage woes

3 years ago
Anonymous $BH0TGXkyPe

https://www.reuters.com/article/umicore-results/umicore-lowers-2021-profit-forecast-on-chip-shortage-woes-idUSKBN2H80HB

Belgian materials technology and recycling group Umicore revised downwards on Monday its adjusted core operating profit outlook, hurt by a stronger-than-expected impact of the global semiconductor shortage and a decline in platinum group metal (PGM) prices.