Core Viewpoint - The State Administration for Market Regulation has approved the acquisition of Ansys by Synopsys with additional restrictive conditions due to potential anti-competitive effects in key markets [1][2]. Group 1: Company Overview - Synopsys, established in 1986, is a NASDAQ-listed company primarily engaged in EDA software and design IP business [1]. - Ansys, founded in 1970 and also listed on NASDAQ, focuses on digital model simulation and analysis software development [1]. Group 2: Market Analysis - The merger will significantly increase market concentration in the optical software and photonic software markets, with combined market shares of 65-70% for both sectors [1]. - In the optical software market, the Herfindahl-Hirschman Index (HHI) will rise from 2489.69 to 4802.49, an increase of 2312.8 [1]. - The photonic software market will experience a similar concentration change, leading to a dominant market position post-merger [1]. Group 3: Regulatory Concerns - The regulatory body is particularly concerned about the competitive impact in the EDA software market, where Synopsys and Ansys have overlapping interests in seven EDA software markets [2]. - In the RTL power analysis market, the combined market share will reach 70-75%, with the HHI index increasing to 5390 post-transaction [2]. - High technical barriers and lengthy development cycles characterize both optical and photonic software, with development costs ranging from $10 million to $50 million depending on the complexity [2]. Group 4: Regulatory Actions - The market regulator has mandated specific obligations for the merging parties to maintain market competition and prevent abuse of market dominance [2]. - The review process involved consultations with government departments, industry associations, and downstream customers, along with independent economic analysis [2].
市场监管总局附条件批准新思科技收购安似科技,光学软件市场份额合计达七成
Jin Rong Jie·2025-07-14 06:26