Seven beaten-down semiconductor stocks that look 'attractive' according to Jim Cramer.

• On Wednesday, CNBC's Jim Cramer suggested seven semiconductor chip stocks that he believes are worth considering for investors.
• The "Mad Money" host stated that growth at a reasonable price can be found in this market, including the semiconductor industry, which is often considered controversial.

On Wednesday, CNBC's Jim Cramer suggested seven semiconductor chip stocks that he believes are worth considering for investors.

The host of "Mad Money" believes that the chipmakers will be negatively impacted by the upcoming Federal Reserve-mandated recession, as the Fed's interest rate hikes have made some of them seem attractive.

He has identified his top semiconductor stocks with favorable valuations and growth prospects.

In this market, growth can be found at a reasonable price, even in the controversial semiconductor industry. However, be cautious as these chip stocks may remain at a reasonable price for an extended period due to Wall Street's lack of interest in this group until now.

Cramer has released his latest list of investable growth stocks, which includes companies from the S&P 500 that meet his criteria for valuation and earnings growth. Earlier this week, he highlighted four financial and six travel and leisure stocks that investors should consider.

Disclosure: Cramer’s Charitable Trust owns shares of AMD.

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