Analog chip maker Montage Technology Group Ltd said it has offered to buy Pericom Semiconductor Corp in a deal valued at $430 million.

Montage Technology’s all-cash offer of $18.50 per share is at a premium of 9.5 percent to Pericom’s Tuesday close of $16.90.

Earlier this month, chipmaker Diodes Inc proposed to buy Pericom in a deal valued at about $400 million to boost its analog and mixed-signal chip businesses.

(Reporting By Lehar Maan in Bengaluru; Editing by Anil D’Silva)

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