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.

Synopsys has completed its acquisition of Ansys. First announced back in January 2024, the acquisition combines two companies with leading positions in silicon design, IP and simulation and analysis. According to Synopsys, the acquisition of Ansys will give it access to an expanded $31 billion total addressable market (TAM).

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,