chipmaker

No wonder President Obama is visiting an Intel plant as he stumps for U.S. innovation and high-tech jobs. After all, Intel is a clear industry leader. Indeed, some analysts argue that for investors seeking entry in the global growth of technology, Intel is the one-stop answer.

The path to profits for most of Corporate America lately has been cutting costs rather than raising revenue. But a careful look reveals a few companies that are poised to deliver real revenue growth. We've found six with a plus: Their stocks look like bargains.

Aiming to ease a major concern among Hollywood studios, Intel is set to introduce new chips that will have antipiracy measures built in. This will allow the streaming of top-quality 1080p movie images to PCs, something pretty much not possible up to now.

Intel's stock is up just 2% this year compared to the Nasdaq's 17% rise, and investors fret that the explosive growth of smartphones and tablets will crimp the market for the PC chips that produce the bulk of Intel's revenue. But the tech giant has a plan.

Building a new chipmaking plant and upgrading four others will result in thousands of construction and high-tech jobs, the world's leading supplier of microprocessors said today. It's a strong statement from a company that has been critical of Washington's business policies.

Actel broadens Microsemi's product line and moves it up the value chain, which means higher margins. In addition, Microsemi has a nice opportunity to leverage its distribution footprint.

Advanced Micro Devices has lowered its third-quarter sales guidance, citing weaker-than-expected demand for laptops in North America and Europe. The news comes after another chip maker, Intel, cut its third-quarter forecast last month.

Shares of computer makers Intel Corp. and Hewlett-Packard Co. were downgraded by UBS amid concerns that weak demand will force the companies to dramatically cut prices.

Intel is nearing a bid to buy Infineon Technologies' wireless unit, a move that would give it an instant presence in the smartphone market. The world's top chipmaker will reportedly offer $1.91 billion for the unit, which supplies chips for both Apple's iPhone and Samsung's Galaxy S.

Add the $7.7 billion Intel is paying for McAfee to the $3.8 billion loss in the chipmaker's market value after its announcement, and the deal's cost to shareholders is $11.5 billion. But the purchase probably won't drive enough profits to cover that hefty price.