Nvidia takes $2 billion stake in Synopsys with expanded computing power partnership
Nvidia CEO Jensen Huang speaks at an event ahead of the COMPUTEX forum on June 2, 2024 in Taipei, Taiwan.
Anne Wang | Reuters
Nvidia on Monday announced Bought for $2 billion summaryJoint equity as part of strategic partnership to accelerate computing and AI engineering solutions.
As part of the multi-year partnership, Nvidia will help Synopsys accelerate its portfolio of compute-intensive applications, engineer advanced AI, expand cloud reach and develop joint go-to-market initiatives. a version. Nvidia said it acquired shares of Synopsys for $414.79 per share.
“Our partnership with Synopsys leverages the power of Nvidia’s accelerated computing and artificial intelligence to reimagine engineering and design, empowering engineers to invent extraordinary products that will shape our future,” Nvidia CEO Jensen Huang said in a statement. he said.
Synopsys shares rose nearly 7% in premarket trading. Nvidia shares lost nearly 1%.
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 CNBC Pro streaming.
Nvidia has been one of the biggest beneficiaries of the AI boom as it makes graphics processing units, or GPUs, key to building and training AI models and running large workloads.
Synopsys offers a suite of engineering solutions, including silicon design and electronic design automation, that help customers create AI-powered products.
“The complexity and cost of developing next-generation intelligent systems require engineering solutions with deeper integration of electronics and physics, accelerated by artificial intelligence capabilities and computing,” Synopsys CEO Sassine Ghazi said in a statement. he said.
The partnership is non-exclusive, meaning Nvidia and Synopsys can continue to work with other companies in the ecosystem.
Both companies will hold a press conference at 10 a.m. ET to discuss the announcement.
