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.

Chip design software provider Synopsys said it received conditional approval from Chinese regulators for its $35 billion purchase of Ansys, clearing the final regulatory hurdle for the deal.

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?