By Shona Ghosh, Bloomberg

Nvidia Corp. has struck a deal to invest $2 billion into chip-design software maker Synopsys Inc.’s stock as part of a broader engineering and design tie-up, the latest massive investment by the chipmaker into one of its own suppliers.

Nvidia purchased the shares at $414.79 each, the companies said in a statement on Monday, compared with a closing price of $418.01 on Friday.

Related Articles

The stake represents 2.6% of Synopsys’ outstanding shares. The Sunnyvale-based company is one of the largest providers of software and services used to design electronic components.

Shares in Synopsys were up 7.4% in pre-market trading. The stock was down almost 14% so far this year through Friday’s close. Shares in Nvidia were slightly down in pre-market trading.

Nvidia

See Full Page