Synopsys stock was falling Monday after the chip-design software company received conditional regulatory approval from China to move forward with its $35 billion acquisition of Ansys.The two companies were awaiting clearance from China’s State Administration for Market Regulation,

Key Takeaways Synopsys said it received conditional approval from Chinese regulators for its $35 billion purchase of Ansys. The decision marked the final regulatory hurdle for the deal.The approval had been delayed amid U.

In January of 2024, Synopsys entered into an agreement to acquire Ansys to further its integrated silicon-to-systems approach and expand its R&D teams. This comes as a trend to integrate AI, silicon and software defined systems, requiring more compute performance and will likely grow exponentially in the future.