Private equity eyes up AMD – report

AMD Analyst Day '15_2Silver Lake, which master minded the exit of Dell as a publicly listed company, is reported to be thinking about taking a 20 percent share in troubled microprocessor company AMD.

Fudzilla reports that multiple industry sources have leaked the news to Fuad Abazovic, the master mind of the independent web site.

AMD’s shares sell at less than $2 so Silver Lake wouldn’t have to shell out very much money to acquire a fifth of the company.

AMD has struggled in recent years to be competitive both with chip giant Intel and its graphics rival Nvidia.

It needs the money.

Fudzilla also reports that AMD is set to lay off more people in the very near future.

AMD could not be reached for comment at press time.