Synopsys Set to Close $35 Billion Ansys Deal After China’s Nod

Chip-design software maker Synopsys Inc. secured China’s approval to buy Ansys Inc., setting the stage to close the $35 billion deal later this week.

The State Administration for Market Regulation gave the acquisition a green light, with certain conditions, the agency said in a statement.Among other things, the Chinese watchdog mandated that Synopsys cannot reject requests from customers to renew their contracts.

The nod from China is a major win for Synopsys after mounting geopolitical tensions threatened to derail the transaction. Washington this year briefly considered limiting Synopsys and its rivals from dealing with Chinese clients on ...