Benzinga | Jul 19, 2021 10:00AM EDT

Ansys To Support AWS Arm-based Graviton2 Processors

* Ansys Inc (NASDAQ:ANSS) and Arm are providing simulation solutions for AWS Graviton2 processors empowering Ansys customers with more affordable access to Amazon.com Inc's (NASDAQ:AMZN) Amazon Web Services (AWS) cloud computing resources.

* The collaboration marks the debut of Ansys' electronic design automation (EDA) semiconductor simulation solutions on the Arm Neoverse architecture to drive design efficiency and ensure optimum chip performance.

* The Ansys products on Amazon EC2 helps to lower cloud computing expenses.

* The AWS Graviton2-powered EC2 instances are helping to deliver a robust solution that's ideal for compute-intensive, high-performance computing applications, which makes the cloud accessible to more customers.

* Price action: ANSS shares traded lower by 1.08% at $346.01 on the last check Monday.