IC 設計公司技術併購之重要因素研究–以A、B公司併購案為例

Abstract

企業長期以來使用併購為追求企業內部與外部的成長之策略。目前IC設計公司更常使用併購來加速本身的技術能力與實現市場策略佈局。企業如何藉有效的併購策略以強化本身的能耐與競爭力，成為目前IC設計公司經營之重要課題。 本研究使用文獻回顧法與專家訪談法進行個案研究，研究已經完成併購一年半之A公司與B公司併購案，訪談參與A公司與B公司併購案之十位主管與三位業界專家。研究架構是以併購前期動機評估階段、中期整合階段與後期績效評估階段等三大構面為主要探討的構面，並針對不同的構面找出併購的關鍵成功準則與其在管理上之意涵。 本研究藉由個案研究的方式將學理上歸納的併購重要因素，透過專家訪談法歸納如下。 □ 併購動機評估主要因素：專業技術知識、獲得專業技術人才、取得新領域技術、加速產品上市速度、降低風險、與建立股東價值。 □ 併購整合評估主要因素：挽留重要人力資源、組織規劃與整合層級、人員的流動率、併購前的溝通計畫、與利用整合團隊的組成來規劃及執行公司間的資源分配。 □ 併購成效評估主要因素：技術與研發成果、產品種類增加、經營利潤、與員工生產力的改善。

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.