Nvidia has acquired a $2 billion stake in chip design software maker Synopsys as part of an expanded multi-year partnership. The companies will work together to develop new product design tools across industries that leverage Nvidia's artificial intelligence technologies.
Nvidia has acquired a $2 billion stake in chip design software maker Synopsys as part of an expanded multi-year partnership. The companies will work together to develop new product design tools across industries that leverage Nvidia's artificial intelligence technologies.
This deal makes Nvidia the seventh largest shareholder in Synopsys, according to LSEG data, Reuters writes .
Nvidia, a Synopsys customer, purchased about 4.8 million shares of the company at $414.79 apiece, a discount of about 0.8% to the stock's closing price on Friday.
As Synopsys disclosed in regulatory filings, the shares are being issued to Nvidia through a private placement.
Synopsys will use Nvidia's suite of developer tools and code libraries to work on its applications covering chip design, physical verification and other electronic design automation (EDA) processes.
The collaboration is not exclusive. Synopsys has AMD among its customers, while Nvidia works with the company's EDA competitor, Cadence Design.
