A semiconductor device includes an equalizer for receiving a first signal and outputting a second signal that has been adjusted to compensate for attenuation of the first signal. A filter is connected to the output terminal of the equalizer. A cancellation circuit operates to cancel a DC offset in the output of the equalizer. A processing circuit is configured to control the cancellation circuit to cancel the DC offset according to an output from the filter. The processing circuit sets a time constant for the filter to a first value to permit the cancellation circuit to cancel the DC offset when the equalizer is in a first state, and then sets the time constant to a second value when the equalizer is set to a second state to permit the cancellation circuit to cancel the DC offset when the equalizer is in the second state.