China's market regulator has conditionally approved U.S. chip design software provider Synopsys' acquisition of engineering design firm Ansys, clearing the last significant regulatory obstacle for the $35 billion buyout.

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,

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?