The cash offer is the second mid-sized bid from a Taiwanese electronics company to buy a U.S.-based firm in recent months. The other one was Foxconn’s $866 million offer for PC accessories company Belkin in March.
Pulse, which also sells into the wireless and wireline communications market and defense industry, won several key customers last year, including a new contract to supply to a leading U.S. electric vehicle company, it said in January.
Yageo provides resistors, capacitors, wireless components, and soft ferrite products for consumer, automotive and industrial markets, according to the company’s website.
The company’s shares have had a big run recently after years of middling performance – climbing seven fold in the past year.
Its revenue rose 62 percent in the March quarter to a record $11 billion Taiwan dollar ($368.25 million) while the company posted its highest ever net profit as well.