Umicore lowers profit forecast as chip shortage bites

Umicore lowers profit forecast as chip shortage bites

3 years ago
Anonymous $BH0TGXkyPe

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).