Loading...
|
Please use this identifier to cite or link to this item:
https://nccur.lib.nccu.edu.tw/handle/140.119/122131
|
Title: | 半導體企業併購之個案研究分析– 以高通及恩智浦為例 A case study on semiconductor merger and acquisition: qualcomm to acquire NXP |
Authors: | 張恬禎 Chang, Tian-Zhen |
Contributors: | 吳文傑 Wu, Jack 張恬禎 Chang, Tian-Zhen |
Keywords: | 併購 策略計劃 半導體 反托拉斯 競爭優勢 Mergers and acquisitions Strategic planning Semiconductor Antitrust Competitive advantage |
Date: | 2018 |
Issue Date: | 2019-01-23 14:55:13 (UTC+8) |
Abstract: | The worldwide smartphone market’s wild years have passed, while PC market continue to decline. On top of that, Moore’s Law is reaching its physical limits. At each node, process costs and complexity are skyrocketing. In addition, fewer foundry customers can afford to move to advanced nodes. The semiconductor industry is undergoing massive transformation as the strategies for next big IC growth in 5G, Internet of Things (IoT), Artificial Intelligence (AI), and automotive have become fundamental. Over the past three years, the global semiconductor industry has been reshaped by historical waves of M&A. The combined value of these transactions in M&A agreements in the semiconductor industry reached a historical high in 2015 and 2016. However, a combination of factors may hinder large transactions in the semiconductor industry in the foreseeable future, including growing trade tensions, increasing scrutiny of investment from regulators, and rising protectionism among different countries. In this paper, a case study on Qualcomm to Acquire has been analyzed from different perspectives. |
Reference: | Birley, S., & Westhead, P. (1990). Growth and Performance Contrasts between Types of Small Firms. Strategic Management Journal, Vol. 11(7), pp. 535-557.
Brews, P. J. and M. R. Hunt. (1999). Learning to Plan and Planning to Learn: Resolving the Planning School/Learning School Debate. Strategic Management Journal, Vol. 20(10): pp. 889 - 913.
Gopinath, C. (2003). When acquisitions go awry: Pitfalls in Executing Corporate Strategy. The Journal of Business Strategy, Vol. 24, pp. 22–27
Gürel, E., and Tat, M. (2017). SWOT analysis: A Theoretical Review. Journal of International Social Research, Vol. 10 (51). pp. 994-1006.
Heinz Weihrich. (1982). The TOWS matrix: A Tool for Situational Analysis. Journal of Long Range Planning, Vol. 15(2) pp. 54-66
Kaplinsky, Raphael and Morris, Mike. (2001). A Handbook for Value Chain Research. 113.
KPMG (2017). Diversification, M&A, and Portfolio Management as Strategic Priorities.
Laurent Fr´esard, Gerard Hoberg and Gordon Phillips. (2015). Innovation Activities and the Incentives for Vertical Acquisitions and Integration.
Levinson, H. (1970). A Psychologist Diagnoses Merger Failures. Harvard Business Review, Vol. 48, pp. 139–147.
Lynch, David S. (2016). U.S. Takes Tougher Stance on Deals under Obama. Financial Times.
Mentzen, J., DeWitt, W., Keebler, J., Min, S., Nix, N., Smith, C., and Zachaira, Z. (2001). Defining Supply Chain Management. Journal of Business Logistics, Vol. 22(2), pp. 1-25 Miller, C. C., & Cardinal, L. B. (1994). Strategic Planning and Firm Performance: A Synthesis of more than Two Decades of Research. The Academy of Management Journal, Vol. 37(6), pp. 1649-1665.
Porter, M. E. (1979). How Competitive Forces Shape Strategy. Harvard Business Review, Vol. 57( 2), pp. 137-145
Porter, M. E. (1985). Competitive Advantage: Creating and Sustaining Superior Performance. New York: Free Press.
Trautwein, F. (1990). Merger Motives and Merger Prescriptions. Strategic Management Journal, Vol. 11, pp. 283–295.
Book References:
DePamphilis, D. M. (2008). Mergers, Acquisitions, and Other Restructuring Activities. Los Angeles, California: Elsevier Inc.
Galpin, T.J., and Herndon, M. (2000). The Complete Guide to Mergers and Acquisitions: Process Tools to Support M&A Integration at Every Level. San Francisco, Ca.: Jossey Bass
Johnson, G., Whittington, R., Scholes, K. (2011). Exploring Strategy Text & Cases (9th ed.). Harlow: Financial Times Prentice Hall.
Picot, G. (2002). Handbook of International Mergers and Acquisitions: Preparation, Implementation, and Integration. Houndmills, Basingstoke, Hampshire: Palgrave/Macmillan.
Website References:
Andrew L. Foster. (2018). China’s Antitrust Regime: Retooled, Retrenched and (Potentially) Ready for Battle, Available at: https://www.skadden.com/insights/publications/2018/06/quarterly-insights/chinas-antitrust-regime-retooled
Automotive and IoT Will Drive IC Growth Through 2021, Available at: http://www.icinsights.com/news/bulletins/automotive-and-iot-will-drive-ic-growth-through-2021/
Big Trouble At 3nm, Available at: https://semiengineering.com/big-trouble-at-3nm/
Cashing in with Chips: Improving Efficiency in Semiconductor R&D, Available at: https://legacy.alixpartners.com/en/Publications/AllArticles/tabid/635/articleType/ArticleView/articleId/941/Cashing-in-with-Chips.aspx
Chad Bown and Melinda Korp. (2018). Trump’s Trade War Timeline, Peterson Institute for International Economics, Available at: https://piie.com/blogs/trade-investment-policy-watch/trump-trade-war-china-date-guide
Chad Bown and Melinda Korp. (2018). Trump’s Trade War Timeline, Peterson Institute for International Economics, Available at: https://piie.com/blogs/trade-investment-policy-watch/trump-trade-war-china-date-guide
China’s Top 10 Imports, Available at: http://www.worldstopexports.com/chinas-top-10-imports/
Christopher Thomas (2015). A new world under construction: China and semiconductors, Available at: https://www.mckinsey.com/featured-insights/asia-pacific/a-new-world-under-construction-china-and-semiconductors
Essays, UK. (2013). Limitations of Porter’s Five Forces Economics Essay, Available at: https://www.ukessays.com/essays/economics/limitations-of-porters-five-forces-economics-essay.php?vref=1
Fabless IC Company Sales Top $100 Billion for First Time Ever, Available at: http://www.icinsights.com/news/bulletins/Fabless-IC-Company-Sales-Top-100-Billion-For-First-Time-Ever/
Henderson, Bruce D. (1970). The Product Portfolio, Available at: https://www.bcg.com/publications/1970/strategy-the-product-portfolio.aspx
Intel Corporation (2016). FORM 10-K (Annual Report), Available at: https://s21.q4cdn.com/600692695/files/doc_financials/2016/annual/Intel_2016_Annual_Report.pdf
NXP Semiconductors. (2018). NXP Historic Financial Model, Available at: http://investors.nxp.com/phoenix.zhtml?c=209114&p=irol-financial
PWC (2017). China’s Impact on the Semiconductor Industry, Available at: https://www.pwc.com/gx/en/technology/chinas-impact-on-semiconductor-industry/assets/china-impact-of-the-semiconductor-industry-2016-update.pdf
Qualcomm INC/DE. (2017). FORM 10-K (Annual Report), Available at: http://investor.qualcomm.com/secfiling.cfm?filingID=1234452-17-190&CIK=804328
SEMICON West Preview: Autonomous Automotive Market Drives Change in the Semiconductor Supply Chain, Available at: http://blog.semi.org/semi-news/semicon-west-preview-autonomous-automotive-market-drives-change-in-the-semiconductor-supply-chain
Semiconductor Consumption Market Share Worldwide, from 2003 to 2019, by Region, Available at: https://www.statista.com/statistics/238228/global-semiconductor-market-share-by-region/
Semiconductor Sales Revenue Worldwide from 1987 to 2019, Available at: https://www.statista.com/statistics/266973/global-semiconductor-sales-since-1988/
Semiconductors: Chinese IC Design Enterprises 1990-2014, Available at: https://www.statista.com/statistics/548606/china-semiconductor-industry-integrated-circuit-design-enterprises/
Seven Top-15 1H18 Semi Suppliers Register ≥20% Gains, Available at: http://www.icinsights.com/news/bulletins/Seven-Top15-1H18-Semi-Suppliers-Register-20-Gains-/
Top 10 Semiconductor R&D Spenders Increase Outlays 6% in 2017, Available at: http://www.icinsights.com/news/bulletins/Top-10-Semiconductor-RD-Spenders-Increase-Outlays-6-In-2017/
TSMC, Intel, Samsung Join Hands on 450mm Shift, Available at: https://wiki.nus.edu.sg/display/cs1105groupreports/TSMC%2C+Intel%2C+Samsung+join+hands+on+450mm+shift
U.S. Trade in Goods with China, Available at: https://www.census.gov/foreign-trade/balance/c5700.html
Value of Semiconductor Industry M&A Deals Slows Dramatically in 2017, Available at: http://www.icinsights.com/news/bulletins/Value-Of-Semiconductor-Industry-MA-Deals-Slows-Dramatically-In-2017/
Wikipedia (2018). Strategic planning, Available at: https://en.wikipedia.org/wiki/Strategic_planning
Humphrey, Albert. (2005). SWOT Analysis for Management Consulting. SRI Alumni Newsletter. SRI International, Available at: https://www.sri.com/sites/default/files/brochures/dec-05.pdf
50 Years of Moore`s Law, Available at: https://www.intel.com/content/www/us/en/silicon-innovations/moores-law-technology.html |
Description: | 碩士 國立政治大學 國際經營管理英語碩士學位學程(IMBA) 105933014 |
Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0105933014 |
Data Type: | thesis |
DOI: | 10.6814/THE.NCCU.IMBA.001.2019.F08 |
Appears in Collections: | [國際經營管理英語碩士學程IMBA] 學位論文
|
Files in This Item:
There are no files associated with this item.
|
All items in 政大典藏 are protected by copyright, with all rights reserved.
|