CNBC’s Eunice Yoon joins 'The Exchange' to discuss China conditionally approving Synopsys' acquisition of Ansys.

China's antitrust regulator has conditionally approved Synopsys' $35 billion acquisition of Ansys, following prior approvals from the U.S. and European authorities. The approval is contingent on the companies honoring existing contract terms with Chinese clients, including maintaining pricing, services, and not refusing contract renewals.

The decision is being closely watched due to its potential implications for U.S.-China trade relations, especially with upcoming deadlines related to trade sanctions. Additionally, Nvidia CEO Jensen Huang is scheduled to visit China for a major supply chain expo, an event seen as significant for ongoing discussions about technology access and trade cooperation between the two countries.

China conditionally approving Synopsys' acquisition of Ansys

Yunus, Yunus in Beijing with more. Yunus, why is this being so closely watched and what is this approval signal? Well, it's being closely watched because the U.S. and the Europeans had already approved this deal, and China was really the holdout on this approval. So, in a statement today, the Chinese antitrust regulator had approved the $35 billion acquisition, but with conditions. So what the conditions are, they said, is that the two companies must honor existing contract terms with Chinese clients. So that's on pricing and services. They cannot terminate existing contracts with those clients and cannot refuse renewal requests with Chinese clients. So the move has sparked speculation about the timing of this approval. So are the Chinese worried about being cut off to having the access cut off to U.S. chip design software? Or are they concerned about upending a trade conflict with the trade truce deadline just coming up on August 12th? Yunus, we also have, so this is interesting, I appreciate you mentioning that. Again, this may be a sign of China's market opening or cooperation with the U.S. at a minimum. Nvidia CEO Jensen Wang is heading out there for a media briefing, I believe it is, in a couple of days' time. And in fact, some kind of see him as a go-between between China and the U.S. on the trade front. So what do we expect out of that trip? And with the China sanctions more broadly that are supposed to possibly snap back in August if they don't comply with conditions? Yeah, that's right. His trip is being very closely watched here. It was actually announced on CCTV, so on the state broadcaster. You know, he's seen as a big rock star here, as he, of course, he is in the United States. As you said, there's going to be a briefing later this week, and that's going to be at the start of a big supply chain expo. So this is the first time that he's going to be attending it. At least those are the reports at this time. And, you know, when you mentioned his importance in the U.S.-China trade deal or in the U.S.-China trade relationship, it is seen as very important. It's something from the Chinese perspective. They want to see movement when it comes to A.I. restrictions. They want to be able to maintain that line of communication. So from the Chinese perspective, there's an expectation that they're going to use that leverage, this huge market that Jensen Huang wants to be able to access. Right. Absolutely. Eunice, thanks.

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