Meanwhile, Dedio sees opportunity in two microcap chipmakers: Integrated Silicon Solutions (ISSI) and EZChip Semiconductor (EZCH).

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ISSI's shares trade for 18.2 times trailing 12-month earnings, 1.62 times book value and 1.02 times sales.

FORBES: Integrated Silicon: Cash-Rich Chip Stock

Integrated Silicon Solutions (ISSI) is a specialty memory chip manufacturer that focuses on products for the communications, consumer products, automotive, industrial, medical and military end user.

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