UK watchdog says $35 billion Synopsys-Ansys deal raises competition concerns

Quick Summary:

:UK's competition watchdog said on Friday chip design software maker Synopsys' $35 billion acquisition of Ansys could reduce innovation and lead to higher prices but that it could approve the deal if those concerns are resolved.

Synopsys and Ansys did not immediately respond to Reuters' requests for comment.

"Semiconductor chips are crucial components in technologies used every day by UK consumers and also in key sectors including artificial intelligence and cloud computing," the CMA said.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Chip Software Watchdog Lead Ansys Synopsys Innovation Design Higher Competition Reduce

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 19:12:03 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 251 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 24567621

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 30 posts per day

Year Established: 1999

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News Last Updated: 4 hours ago

Coverage Areas: Singapore

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Publisher ID: #27

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