2 Semiconductor Growth Stocks You'll Wish You'd Bought on the Dip

The market for advanced computer chips continues to grow not only in value, but in importance. The pandemic was proof of that, with production of many consumer products, from game consoles to new cars, disrupted because manufacturers couldn't get their hands on critical semiconductor components.

The industry was worth $452 billion in 2021, and over the next 10 years it could expand to over $1 trillion in annual value. There are plenty of opportunities for investors to benefit from that growth. Here are two semiconductor-service companies that can be bought right now at a discount to their all-time highs amid the broader sell-off in the tech sector.

Axcelis Technologies (NASDAQ: ACLS) doesn't produce any semiconductors itself. Instead, it sells ion implantation equipment to some of the world's largest chipmakers, playing a critical role in the fabrication process. Its Purion series of machines are used in the manufacturing of chips for a variety of different applications, from cars to mobile devices.

Source Fool.com