NVIDIA has announced that it has acquired common shares from Synopsys worth $2 billion as part of a strategic partnership aimed at accelerating the development of AI-powered computing and engineering solutions. NVIDIA CEO Jensen Huang said in a statement: "Our partnership with Synopsys leverages NVIDIA's accelerated computing and AI to reinvent engineering design processes, enabling engineers to create exceptional products that will shape our future." Synopsys shares jumped about 7% in pre-market trading, while NVIDIA shares fell about 1%.
NVIDIA Invests $2 Billion in Synopsys
NVIDIA has acquired $2 billion worth of shares from Synopsys. This deal is part of a strategic partnership aimed at accelerating the development of AI-powered computing and engineering solutions. NVIDIA CEO Jensen Huang emphasized that the partnership will reinvent engineering processes and create the products of the future.