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                                                                    EXHIBIT 23.2


                               CONSENT OF KPMG LLP

               CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


To the Board of Directors
Advanced Energy Industries, Inc.:

We consent to the inclusion of our report dated January 16, 1998 with respect to
the consolidated statements of income, shareholders' equity and cash flows of RF
Power Products, Inc. and subsidiary, for the year ended November 30, 1997 and
the related schedule (not separately presented herein), which report appears in
the Form 8-K of Advanced Energy Industries, Inc. dated August 11, 2000. We also
consent to the incorporation by reference of such report in the registration
statements (Nos. 333-79425 and 333-79429) on Form S-8 and the registration
statement (No. 333-37378) on Form S-3 of Advanced Energy Industries, Inc.


/s/ KPMG LLP

Philadelphia, Pennsylvania
August 10, 2000