13:20 ET - Qualcomm's tender offer for Dutch automotive-chip specialist NXP Semiconductors NV is losing shares as the deal awaits approval by Chinese antitrust authorities, its final regulatory hurdle. The San Diego chip maker on Friday extended its tender offer, reporting that the percentage of tendered shares had slipped to 15.1% from 16.5% last week and 19% the week before. Completing the purchase is a high priority for Qualcomm, which expects NXP to open doors in markets for automotive, security and connected devices that it expects to be worth a total $77B by 2020. Qualcomm last month raised its bid to $44B from $39B and lowered the bar for tendered shares to 70% from 80%. (ted.greenwald@wsj.com)

(END) Dow Jones Newswires

March 23, 2018 13:35 ET (17:35 GMT)

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