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EX-23.2

                               CONSENT OF KPMG LLP

               EXHIBIT 23.2

               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/A of Advanced
        Energy Industries, Inc. dated September 19, 2000. We also consent to
        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.


        KPMG LLP

        Philadelphia, Pennsylvania
        September 15, 2000



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