In the current artificial intelligence-driven semiconductor frenzy, one industry giant -- Analog Devices (NASDAQ: ADI) -- gets little fanfare. That deserves to change, because this has been a top-notch chip business and a market-beating dividend payer for many years.

But why review Analog Devices now? It's become clear that a semiconductor industry downcycle has hit this leader, setting up what could be a great buying opportunity for long-term investors. Here's what's going on right now.

As its name implies, Analog Devices is a large specialist in analog chips (or simply sensors), which interact with a physical-world signal like electricity, sound waves, or light. It's also a leader in signal processing that converts an analog signal to a digital one -- "digital" in this sense meaning the data that a computing system can utilize.

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Source Fool.com