(Reuters) - Integrated Silicon Solution Inc said on Friday it expected to hold talks with Cypress Semiconductor Corp regarding a buyout offer from its fellow chipmaker.
Cypress has offered to buy Integrated Silicon Solution for $19.75 per share, valuing the company at $627.3 million (£398.5 million).
Integrated Silicon has already agreed to a $19.25 per share offer from a Chinese consortium led by Summitview Capital.
Integrated Silicon Solution said on Friday it was not withdrawing its support for the Summitview Capital deal.
Reporting by Devika Krishna Kumar in Bengaluru; Editing by Saumyadeb Chakrabarty