<p>➀ China’s State Administration for Market Regulation conditionally approved Synopsys’ $35 billion acquisition of Ansys, mandating Synopsys to uphold existing customer contracts and guarantee renewal rights for Chinese clients;</p><p>➁ The approval marks a critical step in finalizing the deal after previous approvals from U.S. and EU regulators;</p><p>➂ The decision follows the U.S. government’s recent lifting of export restrictions on EDA tools and services to China, contextualizing the regulatory landscape.</p>