On September 30, Synopsys (SNPS.US) shares rose over 3%, reaching a high of $429.48. In news, Synopsys has signed a multi-year strategic agreement worth over $1 billion with Amazon, aiming to expand their collaboration in the custom chip sector. Under the agreement, Amazon will further adopt Synopsys' chip IP, EDA, and AI engineering technologies for the development of AWS's self-developed chips and infrastructure; meanwhile, Synopsys will utilize Amazon Web Services and AI tools like Bedrock to accelerate its own product development.
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