diff --git a/gcc/ipa-cp.c b/gcc/ipa-cp.c
index 2b21280d91995e724228b6ba30c360922708bf20..e4910a04ffaa03776cbaed17dd7dcbb34ba4b2e1 100644
--- a/gcc/ipa-cp.c
+++ b/gcc/ipa-cp.c
@@ -1048,7 +1048,7 @@ ipcp_bits_lattice::meet_with_1 (widest_int value, widest_int mask,
 
   widest_int old_mask = m_mask;
   m_mask = (m_mask | mask) | (m_value ^ value);
-  m_value &= value;
+  m_value &= ~m_mask;
 
   if (wi::sext (m_mask, precision) == -1)
     return set_to_bottom ();
diff --git a/gcc/testsuite/gcc.dg/ipa/pr96482-2.c b/gcc/testsuite/gcc.dg/ipa/pr96482-2.c
new file mode 100644
index 0000000000000000000000000000000000000000..54b71ac4fc0151bc0b62a70e5e8e4360337e337f
--- /dev/null
+++ b/gcc/testsuite/gcc.dg/ipa/pr96482-2.c
@@ -0,0 +1,33 @@
+/* PR ipa/96482 */
+/* { dg-do compile } */
+/* { dg-options "-O2"  } */
+
+int i2c_transfer();
+void _dev_err();
+
+struct i2c_msg {
+  char bufaddr;
+  int adapterdev;
+} wdt87xx_i2c_xfer_client;
+
+int wdt87xx_i2c_xfer_client_0, wdt87xx_i2c_xfer_rxdata, wdt87xx_get_string_str_idx;
+
+void
+static wdt87xx_i2c_xfer(void *txdata, unsigned rxlen) {
+  struct i2c_msg msgs[] = {wdt87xx_i2c_xfer_client_0, rxlen,
+                           wdt87xx_i2c_xfer_rxdata};
+  int error = i2c_transfer(wdt87xx_i2c_xfer_client, msgs);
+  _dev_err("", __func__, error);
+}
+static void wdt87xx_get_string(unsigned len) {
+  char tx_buf[] = {wdt87xx_get_string_str_idx, 3};
+  int rx_len = len + 2;
+  wdt87xx_i2c_xfer(tx_buf, rx_len);
+}
+
+void
+wdt87xx_ts_probe_tx_buf() {
+  wdt87xx_get_string(34);
+  wdt87xx_get_string(8);
+  wdt87xx_i2c_xfer(wdt87xx_ts_probe_tx_buf, 2);
+}