Nvidia has made a $2 billion investment in semiconductor design firm Synopsys, adding to the chipmaker’s large web of AI-related investments.
Nvidia said on Monday that it had purchased $2 billion of Synopsys common stock as part of a partnership to accelerate the development of AI for design and engineering applications.
“Our partnership with Synopsys harnesses the power of NVIDIA accelerated computing and AI to reimagine engineering and design — empowering engineers to invent the extraordinary products that will shape our future,” Nvidia CEO Jensen Huang said in a release.
Nvidia said it invested in Synopsys at a purchase price of $414.79 per share.
Nvidia has long been a prolific investor in other companies, but it has ramped up its spending in recent months with investments in ElevenLabs and Nscale.
In September, Nvidia said it plans to invest up to $100 billion in OpenAI to support the build-out of AI data centers. Earlier that month, Nvidia also made a $5 billion bet on Intel.
The expanding web of investments, which has included some circular financing, has raised bubble concerns among market watchers.
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