Abu Dhabi-based tech venture fund ATIC has declared an offer to buy Chartered Semiconductors.

A time ago ATIC as well as AMD commenced an enterprise spinoff of AMD's foundry business, Global foundries. ATIC plans to combine Chartered into Global foundries, obtaining a huge consumer support as well as Chartered's infrastructure.

The contract is esteemed at $3.9 billion, a 14.2 percent premium above the previous monthly average of Chartered's market capitalization.