Synopsys rallies on AWS chip-design deal, OpenAI partnership and raised guidance
+12.78% to $490.54 from $434.94
What moved SNPS
- Synopsys signed a multiyear agreement with Amazon Web Services worth more than $1 billion, under which AWS will license Synopsys silicon IP and design software for chips including Nitro, Graviton and Trainium.
- The AWS arrangement uses a license-plus-royalty structure tied to Amazon’s chip production volumes.
- Synopsys and OpenAI announced a partnership to jointly develop ‘GPT-Synopsys,’ a specialized AI model for semiconductor design workflows, with the companies sharing resulting revenue.
- The company raised its fiscal 2027 revenue guidance to a range of $11.10 billion to $11.20 billion, above the prior analyst average estimate of $10.81 billion.
Sources: Yahoo Finance