The semiconductor industry on the whole is having a tough year in 2023. High inflation and rising interest rates forced consumers to cut back on spending and some big-ticket electronics are getting slashed from household budgets. Even one of the world's largest chipmakers, Advanced Micro Devices, saw its revenue decline in the recent first quarter and analysts don't expect it to grow for the full year, either. 

This tough economic climate won't last forever, and investors with an eye on the long term might find attractive opportunities in chip stocks right now. Cohu (NASDAQ: COHU) is one of them. Despite a contraction in its first-quarter revenue, it remains on track to achieve some impressive results according to its guidance for the next three to five years. Here's why the stock is a buy now.

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Source Fool.com