Chipmaking giant Nvidia Corp. has invested $2 billion in Californian semiconductor design firm Synopsys Inc., months after the latter acquired local firm Ansys Inc. in a transaction valued at $35 billion.
Nvidia (NASDAQ: NVDA) purchased approximately $2 billion of Synopsys (NASDAQ: SNPS) stock at $414.79 a share, giving the world’s biggest company by market cap ownership of approximately 2.5% of Synopsys. The two also announced expanded computing partnerships, highlighting the role of Nvidia chips in Synopsy’s digital twin simulation softwares and utilizing simulation to fuel further chip design.
During a presentation on the partnership, the two companies played a sizzle reel of simulation technology in use, with Ansys technology featured on multiple occasions. Synopsys CEO Sassine Ghazi also acknowledged the Ansys acquisition during his remarks.
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