dc.description.abstract | Mergers and acquisitions (M & A) are happening among every industry and have become one of the fastest ways for corporations to keep growing or to enter a new industry. In recent years, the amount of money spent on mergers and acquisitions has reached a record high, and semiconductor industry, in which the author works, is no exception. Therefore, Taiwan cannot keep out of the affair. Media Tek Inc., which continues to merge and acquire relevant IC design houses, is the best example.
Taiwan’s Semiconductor Industry has contributed largely to its economy, and has appeared to be more important to Taiwan’s export in recent years. TSMC, the market value of which has exceeded that of Intel, plays an important role in Taiwan’s stock market. However, due to the continuous innovation of semiconductor technology, the urgent need of funding and talents has risen to the surface.
Company F and Company B are both belong to the competitive Semiconductor Industry. Their business items are not overlapped with one another’s. They continue to grow stronger in their own business. Since the industry needs more funding for the development of new products and they think that “the bigger the stronger,” two companies merge together legally in April, 2015. Company F is a public offering company and thus chosen as the “ Surviving Corporation “. Furthermore, the rise of red supply chain has caused difficulties on business operation of both companies. How to reach more than double effects and to snatch Chinese market through their own advantages is also the target of this research.
The research evaluates the comprehensive benefits before and after the merger of two companies based on Doctor Cheng’s (鄭漢鐔博士) “8十Business Model”.
It is divided into three categories—business model of company F, that of company B and that of the new company after merger—to evaluate the performance before and after the merger. Performance is evaluated by “8十Business Model” and by related shares prices also.
The research also examines“8十Business Model” of company F in future 5 years through relevant data, and uses “ 8十SWOT” to analyze the internal and external strengths, weaknesses, opportunities , threats and policy. In the end, the author offers advices regarding further operation to the new company with expecting positive development of company F. | en_US |