Diodes Inc. (Nasdaq: DIOD) is adding Pericom Semiconductor Corp. (Nasdaq: PSEM) in a $400 million cash deal that will give both companies additional scale in the chipmaking space. Pericom closed at $12.18 on Sept. 2 and they are being purchased at $17 per share.

The purchase brings Diodes one step closer of the company’s goal to reach $1 billion in annual revenue, while putting San Jose, California-based Pericom on a faster growth path.

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