Nvidia to buy stake in major electronics designer for $2 billion

Nvidia has announced that it has bought $2 billion worth of common stock in electronics design company Synopsys, as part of a strategic partnership "to accelerate computing and artificial intelligence solutions." It will enable "the design and modeling of intelligent products with greater accuracy, faster and at lower cost," the chipmaker said in a release.

Synopsys shares on the pre-market jumped about 7% on this news. Nvidia shares, on the other hand, fell about 1%.

The news is being updated

This article was AI-translated and verified by a human editor