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Investing.com -- China’s market regulator has postponed its approval of the planned $35 billion merger between U.S. software companies Synopsys (NASDAQ:SNPS) and Ansys (NASDAQ:ANSS), the Financial Times reported Friday.
The delay comes after Donald Trump tightened chip export controls against China. The transaction had already reached the final stage of the Chinese State Administration for Market Regulation’s approval process and was expected to be completed by the end of this month, according to people familiar with the matter cited in the report.
The U.S. and China reached a tentative trade truce during talks in London this week. This followed a breakdown in a previous agreement over China’s restrictions on mineral exports.
In response to those restrictions, the Trump administration implemented additional export controls on semiconductor design software, jet engines for Chinese-manufactured planes, and other goods.
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