*ATIC offers S$2.68 a share to buy Chartered Semiconductor
* Chartered's major shareholder Temasek supports the deal
* Second major investment by Abu Dhabi firm in chip sector
* Chartered shares suspended, have more than doubled in 2009
(adds detail on bid, ATIC)
SINGAPORE, Sep 7 (Reuters) - Abu Dhabi's state fund ATIC has offered S$2.68 a share in cash to buy Singapore chip-maker Chartered Semiconductor (CSMF.SI: Quote, Profile, Research) (CHRT.O: Quote, Profile, Research), valuing the firm at $1.8 billion.
* Chartered's major shareholder Temasek supports the deal
* Second major investment by Abu Dhabi firm in chip sector
* Chartered shares suspended, have more than doubled in 2009
(adds detail on bid, ATIC)
SINGAPORE, Sep 7 (Reuters) - Abu Dhabi's state fund ATIC has offered S$2.68 a share in cash to buy Singapore chip-maker Chartered Semiconductor (CSMF.SI: Quote, Profile, Research) (CHRT.O: Quote, Profile, Research), valuing the firm at $1.8 billion.
This would be the second major investment by Advanced Technology Investment Co (ATIC )in the global microchip industry after it agreed in March to pay $2.1 billion for 55.6 percent of a joint venture with Advanced Micro Devices Inc (AMD.N: Quote, Profile, Research) (AMD), creating Globalfoundries.
Chartered ranks alongside China's Semiconductor Manufacturing International Corp (SMIC) (0981.HK: Quote, Profile, Research), and trails larger rivals TSMC (2330.TW: Quote, Profile, Research) and UMC (2303.TW: Quote, Profile, Research), which own about a two-thirds share of the $20 billion chip foundry market
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