The Important Factors of Merger & Acquisition for IC DesignCompany – A Case Study of Company A & B
|關鍵字:||併購;IC設計公司;重要因素;併購動機因素;併購整合因素;併購成效因素;merger and acquisition (M&A);IC design company;key factors;key factors of M&A assessment of motives;key factors of M&A implementation and integration;key factors of M&A evaluation of effectiveness|
Businesses have used merger and acquisition (M&A) as a means for internal and external growth for a long time. These days, IC design companies frequently use M&A to enhance its own technical capabilities as well as realize strategic market plans. The ability to effectively use M&A to further a company’s competitiveness and capabilities has become one of the most important lessons in the management of IC design companies. This thesis conducts a case study of M&A between Company A and Company B. Both companies completed the M&A transaction a year and a half ago. The research includes literature review and in-depth interviews held within ten top managements from Company A and Company B as well as three industry experts. It focuses on the key factors of the three stages within the M&A process: (1) assessment of motives in the initial stages, (2) implementation and integration and (3) evaluation of effectiveness. The study concludes that the key factors of a successful M&A at three different stages are: □ At M&A assessment of motives stage: acquisition of specialized technical knowledge, recruitment of technical professionals, acquisition of new technology, speed up new product launch, decrease of business risk, and increase of shareholder value. □ At M&A implementation and integration stage: retention of important human resources, organizational restructuring, turnover rate of technical personnel, communication before the transaction, and the allocation and streamlining of company resources. □ At M&A evaluation of effectiveness stage: technology and development results, increase in product variety, profitability, and improvements in employee productivity.