![Umicore lowers profit forecast as chip shortage bites](https://i.comentr.com/D9Bv1uTySkY88iYe0uOFr99tW-c_tam.jpg)
Umicore lowers profit forecast as chip shortage bites
https://www.reuters.com/article/umicore-results/umicore-lowers-profit-forecast-as-chip-shortage-bites-idUSKBN2H80HB
(Reuters) -Belgian materials technology and recycling group Umicore made a downward revision revised to its profit outlook on Monday to reflect a stronger than previously expected impact from the global semiconductor shortage and lower prices for platinum group metals (PGMs).