Apparently Maxim was working with a bank on a strategic review when it was approached by Analog Devices, with an offer it has the option of refusing. It is not clear if Analog bought flowers.
Analog had a market value of about $17.58 billion while Maxim had a market value of $9.88 billion so a deal like that is possible.
A likely deal would be the latest in consolidation in the global semiconductor industry this year as companies look to cut costs and expand their offerings. Intel agreed in June to buy Altera for $16.7 billion, while Avago said in May that it would buy Broadcom for $37 billion.
Massachusetts-based Analog makes signal converters and amplifiers. Maxim, based in California, sells most of its chips for consumer devices. They both compete with Texas Instruments and each other. Texas Instruments extended its market share leadership in that type of chip with the 2011 acquisition of National Semiconductor.