China grants conditional approval for Synopsys to acquire Ansys

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China’s market regulator has conditionally approved the acquisition of simulation software company Ansys by U.S. software firm Synopsys‘ , the State Administration for Market Regulation said on Monday.

The approval comes after the United States lifted restrictions on exports to China for chip design software developers earlier this month, allowing companies, including Synopsys, to restore access to their software and technology for Chinese customers.

The Chinese regulator said it approved the deal based on restrictive commitments submitted by the…



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China grants conditional approval for Synopsys to acquire Ansys



China’s market regulator has conditionally approved the acquisition of simulation software company Ansys by U.S. software firm Synopsys‘ , the State Administration for Market Regulation said on Monday.

The approval comes after the United States lifted restrictions on exports to China for chip design software developers earlier this month, allowing companies, including Synopsys, to restore access to their software and technology for Chinese customers.

The Chinese regulator said it approved the deal based on restrictive commitments submitted by the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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