MarketWatch reported on June 16 that Qualcomm announced on Friday that it would extend its cash offer for NXP Semiconductors to await regulatory approval. The offer was originally scheduled to expire at 5 pm EST on June 15 (5 am Beijing time on June 16), but has now been extended to 5 pm EST on June 22. In the semiconductor field, NXP Semiconductors is one of the world's largest manufacturers. The acquisition of NXP is important to Qualcomm, which is looking for a diverse user base and is increasingly becoming a leading chip supplier in the fast-growing automotive market. Qualcomm has now been approved by eight of the world's nine regulators to finalize the acquisition. The Chinese regulator is the only one that has not yet been approved. Analysts believe that the Chinese Ministry of Commerce is unlikely to approve the deal until Sino-US trade and investment tensions remain unresolved. Erick Robinson, an intellectual property agency executive, said: "Before solving their differences between Washington and Beijing, Qualcomm's acquisition transaction is difficult."