Synopsys, a leader in semiconductor design software, announced a multi-year strategic partnership with OpenAI to develop an AI model for chip design. The specialized model, called GPT-Synopsys, will combine OpenAI’s AI capabilities with Synopsys’s electronic design automation (EDA) tools.

The companies aim to speed up chip design, potentially reducing timelines from months to weeks. The deal includes revenue sharing, with benefits tied to how effectively the model improves chip designs.

Synopsys announced the partnership at its investor summit and raised its revenue growth forecast for fiscal 2027. Shares rose.