May 15, 2015 / 1:31 PM / 3 years ago

Integrated Silicon says expects to hold talks with Cypress Semi

(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

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