Xiamen Technology (SNPS.US) acquires Ansys Technology (ANSS.US) approved by China, Daiwa: last obstacle cleared, EDA leading position will be strengthened.

According to the Securities Times APP, Morgan Stanley released a research report stating that the State Administration for Market Regulation (SAMR) of China conditionally approved the 35 billion USD acquisition of Ansys Technology (ANSS.US) by Synopsys Technology (SNPS.US). The bank believes that this development is seen as the final major regulatory obstacle to be cleared for the transaction, and this merger will significantly strengthen Synopsys' position in the electronic design automation (EDA) market in the long term.