Nvidia Expands Partnership with $2B Synopsys Investment
Nvidia has purchased $2 billion worth of Synopsys stock as part of a new multi-year partnership aimed at accelerating AI engineering, compute-intensive applications, and cloud access.
Nvidia announced on Monday that it has acquired $2 billion of Synopsys common stock as part of a strategic partnership to accelerate computing and artificial intelligence engineering solutions.
According to a release, under the multi-year partnership, Nvidia will help Synopsys accelerate its portfolio of compute-intensive applications, advance agentic AI engineering, expand cloud access, and develop joint go-to-market initiatives. Nvidia said it purchased Synopsys stock at $414.79 per share.
"Our partnership with Synopsys harnesses the power of Nvidia accelerated computing and AI to reimagine engineering and design – helping engineers create exceptional products that will shape our future," Nvidia CEO Jensen Huang said in a release.
Synopsys stock rose nearly 7% in premarket trading. Nvidia shares were down about 1%.
Nvidia has been one of the biggest beneficiaries of the AI boom because it makes graphics processing units, or GPUs, which are essential for building and training AI models and running large workloads.
Synopsys provides a variety of engineering solutions, including silicon design and electronic design automation, that help its customers create AI-powered products.
"The complexity and cost of building next-generation intelligent systems requires engineering solutions that deeply integrate electronics and physics, and are accelerated by AI capabilities and compute," Synopsys CEO Sassine Ghazi said in a statement.
This partnership is not exclusive, meaning Nvidia and Synopsys can still work with other companies in the ecosystem.
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