Ann Wang | reuters
As part of 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, according to a release. Nvidia said it bought Synopsys stock for $414.79 a share.
“Our partnership with Synopsys harnesses the power of Nvidia accelerated computing and AI to reimagine engineering and design – empowering engineers to invent extraordinary products that will shape our future,” Jensen Huang, Nvidia CEO, said in a release.
Synopsys stock jumped nearly 7% in premarket trading. Nvidia shares were down about 1%.
Tune in at 9:30 a.m. ET, when Nvidia CEO Jensen Huang and Synopsys CEO Sasine 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 graphics processing units, or GPUs, which are crucial for building and training AI models and running large workloads.
Synopsys offers a range of engineering solutions, including silicon design and electronic design automation, to help its customers create AI-powered products.
“The complexity and cost of developing next-generation intelligent systems, accelerated by AI capabilities and computation, demands engineering solutions with deep integration of electronics and physics,” Synopsys CEO Sasin Ghazi said in a statement.
The partnership is not exclusive, meaning Nvidia and Synopsis 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.
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