By Stephen Nellis and Arsheeya Bajwa Dec 1 (Reuters) - Nvidia has invested $2 billion in chip design software maker Synopsys as part of an expanded multi-year tie-up to jointly develop new tools for designing products across industries using its AI technology.

Nvidia dropped $2 billion on Synopsys this week. It’s just the latest in a string of big-money moves the chipmaker has made recently. The company’s been busy writing checks. There’s $1 billion going to Nokia,

Synopsys shares rally after the two companies announce they would expand an existing partnership.

Nvidia just bought stock in Synopsys -- but should you?

Nvidia has made a $2 billion investment in Synopsys and has a new partnership with the maker of chip-design software.

Nvidia invests $2B in Synopsys to expand AI-driven chip design tools, strengthening its position in the electronic design automation market.

Nvidia announced a multi-year expansion of its strategic alliance with chip software maker Synopsys, as well as a $2 billion equity investment into the company.

Synopsys (SNPS), the target company in this case, is not a newbie. In fact, it was one of the upstarts back in the dot-com bubble era. Spoiler alert: It survived. The company is now midway through its fourth decade and produces revenue of more than $6 billion annually.