BUZZ - Synopsys reaches chip design licensing agreement with Amazon worth over $1 billion

September 30 - ** Chip design software manufacturer Synopsys SNPS.O shares rose 2.4% to $425 in pre-market trading

** Amazon.com (AMZN.O) unit AWS has signed a multi-year deal worth more than $1 billion with Synopsys (link) to license Synopsys's chip design intellectual property

** As part of the agreement, Synopsys will also use AWS's compute and storage services, as well as Amazon Bedrock to build and deploy artificial intelligence applications

** As of the close of the previous trading day, SNPS has fallen 11.6% so far this year

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