06:24 AM EDT, 07/14/2025 (MT Newswires) -- Synopsys ( SNPS ) proposed $35 billion acquisition of Ansys ( ANSS ) has received conditional approval from China's State Administration for Market Regulation, multiple media outlets reported Monday.

The approval follows recent US policy shifts that restored access to chip design software for Chinese customers, according to media reports.

Synopsys ( SNPS ) and Ansys ( ANSS ) are required to meet several obligations under the Chinese regulator's conditions, including honoring existing contracts and providing electronic design automation products to Chinese clients on fair and non-discriminatory terms, according to a Reuters report.

The companies must also maintain and renew interoperability agreements with Chinese customers, the report said.

Synopsys ( SNPS ) and Ansys ( ANSS ) did not immediately respond to MT Newswires request for comment.

Shares of Synopsys ( SNPS ) were up 3.7% in recent premarket activity Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)