Analog Devices Inc., a maker of semiconductors used in cars, smartphones and televisions, agreed to buy smaller chipmaker Hittite Microwave Corp. in a deal worth about $2 billion to expand its offerings.

Analog Devices will acquire Hittite for $78 a share in cash, according to a statement today. That’s 29 percent more than Hittite’s closing price on June 6. The boards of both chipmakers approved the transaction.

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