Synopsys (Nasdaq: SNPS) today announced the completion of its acquisition of Ansys. The transaction, which was announced on January 16, 2024, combines leaders in silicon design, IP and simulation and analysis to enable customers to rapidly innovate AI-powered products.

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.