Time to get into Chips?

Is it time to get into chips and equipment makers? With the SOXX and SMH both in correction territory, there's a lot of companies like LRCX, AMAT and SWKS that have double digit growth with PEs hovering around 10.

Analysts talk like "No, it's not a good time, it's not gonna turn around in next day or so." But I'm talking about as a long-term investment.

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