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Synopsys shares rise 2.4% premarket on $1B+ AWS chip design IP deal
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Synopsys shares rose 2.4% in premarket trading after Amazon Web Services (AWS) announced a multi-year agreement valued at over $1 billion with the chip design software company. Under the deal, AWS will license Synopsys' chip design intellectual property. In return, Synopsys will adopt AWS's compute and storage services, as well as Amazon Bedrock, to build and deploy artificial intelligence applications. The agreement highlights the deepening integration between cloud computing and semiconductor design, with AI playing a key role in the partnership.
Source report
Synopsys Inc. saw its shares rise 2.4% in pre-market trading following the announcement of a significant multi-year agreement with Amazon Web Services (AWS).
Key Details of the Agreement
- Value: The deal is valued at over $1 billion.
- Duration: Multi-year agreement.
- Scope: AWS will license Synopsys' chip design intellectual property.
Additional Commitments
As part of the agreement, Synopsys will also:
- Utilize AWS's computing and storage services.
- Leverage Amazon Bedrock to build and deploy artificial intelligence applications.
Source
domesticNeutral / independent