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,

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.

Chip-design software maker Synopsys Inc. secured China’s approval to buy Ansys Inc., setting the stage to close the $35 billion deal later this week.Most Read from BloombergWhy Did Cars Get So Hard to See Out Of?