With the market in correction territory, chip stocks generally have not avoided the carnage. The S&P 500 Index is down approximately 14% from its 52-week high as of the April 22 close, and the Invesco PHLX Semiconductor ETF NASDAQ: SOXQ is down around 35% from highs. Two lesser-known chip stocks—Semtech NASDAQ: SMTC and Onsemi NASDAQ: ON—have suffered much more, trading at discounts of more than 50% from their 52-week highs. However, these companies have significant opportunities to achieve long-term growth ...