Synopsys stock was falling Monday after the chip-design software company received conditional regulatory approval from China to move forward with its $35 billion acquisition of Ansys.The two companies were awaiting clearance from China’s State Administration for Market Regulation,

Synopsys closed on its $35 billion Ansys acquisition, putting it on the path to offer more holistic and integrated design solutions for chips and more.

The State Administration for Market Regulation's (SAMR) conditional approval, which came on Monday, would finally allow two major players in the electronic design automation (EDA) industry to combine.