研究生: |
彭綉娟 PENG HSIUCHUAN |
---|---|
論文名稱: |
強勢出擊—日月光與矽品一場不合意的敵意併購 Aggressive strike - An unpleasant and hostile M&A between ASE and SPIL |
指導教授: |
張光第
Guangdi Chang |
口試委員: |
張光第
張順教 繆維中 欒斌 |
學位類別: |
碩士 Master |
系所名稱: |
管理學院 - 財務金融研究所 Graduate Institute of Finance |
論文出版年: | 2021 |
畢業學年度: | 109 |
語文別: | 中文 |
論文頁數: | 70 |
中文關鍵詞: | 白馬騎士 、不合意併購 、安索夫成長矩陣 、資源基礎理論 、動態競爭力 、紅色供應鏈 、企業併購 |
外文關鍵詞: | White knight, disagreeable M&A, Ansoff Matrix, resource basic theory, dynamic competitiveness, red supply chain, merger and acquisition (M&A) |
相關次數: | 點閱:375 下載:2 |
分享至: |
查詢本校圖書館目錄 查詢臺灣博碩士論文知識加值系統 勘誤回報 |
一個是全球最大的IC封測廠、一個是全球排名第三的IC封測廠,並稱「封測雙雄」一直互為競爭對手的二間公司,張虔生董事長與林文伯董事長迥然不同的經營風格,日月光張虔生董事長強勢合併矽品並遭遇矽品林文伯董事長的頑力抵抗,雙方展開一場激烈的攻防戰,而矽品面對這樣的敵意併購案所採行的抵抗策略究竟是否真的有利矽品未來的長期發展?為對抗日月光而找來的白馬騎士真的是騎士?台灣半導體產業究竟遇到什麼威脅讓日月光堅持非收購矽品不可。
封測業併購高手日月光張虔生董事長向圍棋高手矽品林文伯董事長發動奇襲,決議公開收購矽品24.99%股權並持續近一步收購24.71%股權且最終欲取得對矽品100%的控制力其背後真正動機為何?在當時,台灣的封測大廠究竟遭遇到什麼重大挑戰?日月光遭遇到矽品頑固抵抗最終如何讓矽品林文伯董事長點頭同意日月光的收購案,而矽品林文伯由原本的強力抵抗最後同意點頭的關鍵點為何?
This is a battle between two companies and competitors in IC packaging field, called "Two Packaging Heroes"; one is the largest IC packaging plant globally, the other one is a IC packaging plant taking the 3rd place globally. President CHANG, CHIEN-SHENG and LIN, WENG-BO lead their companies in somewhat different styles, where President Chang of ADVANCED SEMICONDUCTOR ENGINEERING, INC. (ASE) has ever intended to merge and acquire Silicon ware Precision Industries Co., Ltd. (SPIL) and faced with President LIN's tenacious work, led to a fierce battle, and will SPIL's strategy in face of such hostility in the M&A plan benefit its future development at a long-term basis? Is the white knight sought to fight against ASE a real knight? For what element threatening Taiwan's semiconductor industry which forced ASE to stick to the M&A Plan?
As a M&A pro in IC packaging field, President CHANG, CHIEIN-SHENG of ASE initiated an unusual strategy against GO pro, President LIN, WENG-BO of SPIL, who resolved to go for a take-over bid in 24.99% of SPIL's equity, followed by 24.71%, at last, taking 100% control over SPIL. What was the real background behind it? What was exactly a significant challenge forcing Taiwan's leading IC packaging plant to take? Faced with SPIL's tenacious work, how did ASE persuade SPIL President, LIN, WENG-BO into an agreement and what was the key to SPIL President LIN, WENG-BO's consent eventually, who stood up to it from beginning?
中文文獻
1.羅登義 (2009)「企業合併收購與與管理當局財富之研究」國立中山大學財務管理學系碩士論文
2.許擇進 (2014)「台灣封裝測試產業併購及轉投資策略探討-以封測雙雄日月光及矽品為例」東海大學高階經營管理碩士在職專班碩士學位論文
3.趙敬堯 (2018) 「透過企業併購達成實質減資效果之研究-以日月光矽品為例」國立清華大學高階經營管理碩士在職專班碩士學位論文
4.鍾惠民・邱敬賢・王國強・王燈山(2019年10月) 財務管理個案:策略與分析/新陸書局股份有限公司
網站部份
1.公開資訊觀測站
https://mops.twse.com.tw/mops/web/index
2.台灣高雄地方檢察署
https://www.ksc.moj.gov.tw/296454/296653/296654/675957/
3.智慧電子解決方案設計平台
http://www.compotechasia.com/a/ji_fen_/ICji_/feng____0/2006/0811/3429.html
4.Semiconductor Intelligence 2017年3月版
https://www.semiconductorintelligence.com/china-to-become-largest-semiconductor-producer/
5.資料來源:台灣證券交易所網站
https://www.twse.com.tw/zh/page/trading/exchange/FMSRFK.html
6.IC Insights
https://www.icinsights.com/news/bulletins/Value-Of-Semiconductor-Industry-MA-Deals-Slows-Dramatically-In-2017
7.北美智權報 2016.1.13
http://www.naipo.com/Portals/1/web_tw/Knowledge_Center/Industry_Economy/publish-479.htm
8.科技政策研究與資訊中心 2019.12.9
https://portal.stpi.narl.org.tw/index/article/10544
9.維基百科
https://zh.wikipedia.org/wiki/%E5%BC%B5%E8%99%94%E7%94%9F
10.全國法規資料庫
https://law.moj.gov.tw/Index.aspx
11.MBA 智庫・百科
https://wiki.mbalib.com/zh-tw/%E5%B9%B6%E8%B4%AD%E5%8A%A8%E5%9B%A0%E7%90%86%E8%AE%BA
12.MIC產業情報研究所
https://mic.iii.org.tw/news.aspx?id=391