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Samsung Warns Chip Industry Is Headed for Tough Close to 2022

South Korea’s Samsung Electronics Co. is warning that the semiconductor industry could be in for a rocky close to 2022.

A senior executive at the world’s largest maker of memory chips said the outlook for the second half of the year is gloomy, and Samsung is not yet seeing momentum for a recovery next year. Rival chipmakers such as SK Hynix Inc. and Micron Technology Inc. have cautioned about slowing demand in recent weeks.