SINGAPORE - Shareholders of Chartered Semiconductor have voted in favour of Abu Dhabi state fund ATIC's offer to buy the chipmaker, the two companies said on Wednesday.

The proposal was approved by 82.56 per cent of the shareholders present and voting in person or by proxy, representing 99.83 per cent of the shares held by shareholders, according to a joint statement.

Abu Dhabi's state fund ATIC in September offered to buy Singapore contract chipmaker Chartered as it looks to become a major force in the global microchip industry.