Both potential buyers could not reach an agreement on price with Maxim, Bloomberg reported on Friday. (http://bloom.bg/1PjlGO0)

Maxim's shares closed down 5.6 percent at $32.33, valuing the company at about $9 billion.

Texas Instruments' shares ended 2.5 percent lower at $50.36, while Analog Devices closed down 1 percent at $49.98.

Maxim never felt it needed to sell, but would have considered an offer with a large premium, Bloomberg reported.

Semiconductor dealmaking crossed $80 billion in 2015, driven by companies' efforts to cut costs and expand.

Among the big deals were Avago Technologies Ltd's $37 billion offer for Broadcom Corp and Intel Corp's acquisition of Altera Corp for $16.7 billion.

Maxim and Analog Devices declined comment, while a Texas Instruments spokeswoman said the company did not comment on rumors or competitor activity.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Sriraj Kalluvila)