China’s Tsinghua Unigroup Ltd offered to buy U.S. memory chipmaker Micron Technology Inc (MU.O) for $23 billion, The Wall Street Journal reported, citing people familiar with the matter.

Tsinghua Unigroup offered $21 per share for Micron, which is at a 19.3 percent premium to the stock’s close on Monday, the Journal said. (on.wsj.com/1fE2GQm)

Micron was not immediately available to comment on the report.

(Reporting by Sneha Banerjee in Bengaluru; Editing by Stephen Coates)

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