Cramer said there's a rally coming in the semiconductor stocks, and the way to play it is not with the big stocks everyone runs to, but rather with the little guys.

He previously recommended Taiwan Semiconductor (TSM Quote - Cramer on TSM - Stock Picks) as one intriguing name and tonight added Xilinx (XLNX Quote - Cramer on XLNX - Stock Picks), a company he's not recommended in over 10 years, to his buy list.

Cramer said Xilinx is poised for a big comeback, now that its guidance is topping Wall Street expectations. The company recently reported the positive guidance news, saying it sees strength in orders from wireless companies.

Cramer said Xilinx should be the clear winner in the coming Chinese telecom stimulus package, which greatly expands wireless coverage in that country.

Cramer also explained Xilinx is a leader in the manufacturing of programmable chips, which can be programmed for use in a variety of industries and applications. He noted that as the market shifts away from application specific chips in favor of more versatile programmable varieties, Xilinx should only continue to prosper.

Trading at just 15 times its earnings, Cramer said Xilinx is cheap, especially given the company's lean inventories, which will allow it to raise prices. "I think Xilinx is going higher," he concluded.