AMD Has Held Stalled Investment Talks With Silver Lake
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Discussions on hold after failure to agree on strategy, price
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Chipmaker losing money, market share in declining PC market
Advanced Micro Devices Inc., a struggling competitor to Intel Corp., was in talks to sell about a 25 percent stake to private-equity firm Silver Lake Management before the negotiations stalled, people with knowledge of the matter said.
The two sides, which met over the summer, have put the discussions on hold after failing to agree on a price and strategy, said one of the people, who asked not to be identified because the information is private. AMD is also considering other strategic options, another person said.
AMD is losing market share to Intel in processors for personal computers and servers. It’s trying to branch out into custom chips in an initiative that has so far failed to bring in enough revenue to make up for the orders it’s losing in a declining PC market. The company currently has a market value of about $1.3 billion…
AMD Has Held Stalled Investment Talks With Silver Lake
