Amazon signs billion-dollar chip deal with Synopsys

Amazon Web Services has signed a multi-year agreement worth over one billion dollars with Synopsys, related to licensing the use of proprietary intellectual property for chip design. The deal aims to support the development of cloud computing processors for Amazon, with a focus on optimized architectural designs for specific types of chips, without specifying the targeted processors. Synopsys will utilize Amazon's cloud computing and storage services, including AI applications, as part of a long-term collaboration to enhance Amazon's efforts in developing custom chips for its cloud and AI tasks.

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