Nvidia on Monday announced it has purchased $2 billion of Synopsys‘ common stock as part of a strategic partnership to accelerate computing and artificial intelligence engineering solutions.
As part of the multiyear 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, according to a release. 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 — empowering engineers to invent the extraordinary products that will shape our future,” Nvidia CEO Jensen Huang said in the release.
Synopsys stock climbed 3%. Nvidia shares rose slightly.
Tune in at 9:30 a.m. ET as Nvidia CEO Jensen Huang and Synopsys CEO Sassine Ghazi join CNBC TV to discuss the partnership. Watch in real time on CNBC+ or the CNBC Pro stream.
Nvidia has been one of the biggest beneficiaries of the AI boom because it makes the graphics processing units, or GPUs, that are key to building and training AI models and running large workloads.
Synopsys offers services including silicon design and electronic design automation that help its customers build AI-powered products.
“The complexity and cost of developing next-generation intelligent systems demands engineering solutions with a deeper integration of electronics and physics, accelerated by AI capabilities and compute,” Synopsys CEO Sassine Ghazi said in a statement.
The partnership is not exclusive, which means that Nvidia and Synopsys can still work with other companies in the ecosystem.
Both companies will hold a press conference to discuss the announcement at 10 a.m. ET.
