China’s State Administration for Market Regulation has conditionally approved the $35 billion acquisition of Ansys by Synopsys, according to a statement from the regulator.

The approval comes with specific conditions related to customer contracts. Under these terms, Synopsys cannot terminate existing customer contracts.

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Additionally, the company is not permitted to reject requests from Chinese customers who wish to renew their contracts.

The Chinese market regulator’s decision represents a key regulatory step for the deal to move forward after the US and EU regulators approved the deal.

The agreement by the regulator comes a week after the US government lifted restrictions of exports of EDA tools and services to China.

By: DocMemory
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