Lattice Semiconductor Corp. (Nasdaq: LSCC) is buying Silicon Image Inc. (Nasdaq: SIMG) in a $600 million deal.

The purchase price works out to $7.30 per Silicon share. Silicon’s shares closed at $5.90 on Jan. 26, before the deal was announced, and opened at $7.25 on Jan. 27.

Silicon, headquartered in Sunnyvale, California, makes semiconductors for mobile, consumer electronics and the personal computer market.

Hillsboro, Oregon-based Lattice also manufactures semiconductors that are used by the electronics market.  The acquisition gives Lattice an increased market presence and product offering.

Jefferies Finance LLC committed $350 million in financing for the deal. Jefferies also acted as Lattice’s financial adviser. Skadden Arps Slate Meagher & Flom acted as Lattice’s legal counsel. Barclays PLC was Silicon’s financial adviser, and Fenwick & West LLP provided legal advice.

Other recent semiconductor deals include Cirrus Logic Inc.’s (Nasdaq: CRUS) $467 million deal for Wolfson Microelectronics in August and Vishay Intertechnology Inc.’s July deal for Capella Microsystems Inc. for $205 million.

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