Study On The Financial Risk Evaluation Of Integrated Circuit Design Enterprise Merger And Acquisition

Mergers and acquisitions are one of the effective ways for enterprises to carry out economic transformation and resource integration,and an important means to achieve diversification.Many enterprises in China try to enrich product structure and give play to product synergies through mergers and acquisitions.The IC design industry is the most important part of the IC industry.The development of the IC industry is characterized by large number of enterprises,small scale,weak competitiveness of individual enterprises and serious product homogeneity.Because of this,the national support of IC design industry increases year by year,IC market under the stimulus of supporting policies appear more active than ever,so a lot of IC design enterprises try to seize the opportunities for development,integration of technology resources through mergers and acquisitions,rich product structure,improve the overall competitiveness of enterprises.However,there are many financial risks in the process of merger and acquisition of integrated circuit design enterprises.Many enterprises fail to evaluate and control the financial risks in merger and acquisition,so it is of great significance to study the financial risks of merger and acquisition of integrated circuit design enterprises.Based on IC design companies as the research object,in mergers and acquisitions of financial risk identification,evaluation and control as the main research order,including the following six parts: the first part introduces the research background and research meaning,finishing the financial risk in m&a and scholars both at home and abroad IC design enterprise m&a financial risk research;The second part introduces the theoretical overview of the financial risk of mergers and acquisitions.The third part introduces the characteristics of IC design enterprises,the financial risk characteristics of IC design enterprises,the construction of grey fuzzy evaluation model and the analysis of applicability.The fourth part mainly studies the case of zhaoyichuangxin's innovative merger and acquisition of siliwei.First,it analyzes its financial risk of merger and acquisition by combining with the evaluation indexes designed in the fourth part.Then,it makes a comprehensive evaluation of its financial risk of merger and acquisition based on the gray fuzzy evaluation model,and calculates the financial risk value of zhaoychuangxin's innovative merger and acquisition.The fifth part,aiming at the risks mentioned above,puts forward the control measures for the financial risk of integrated circuit design enterprises' m&a,and provides corresponding theoretical guidance for the m&a of integrated circuit designenterprises.The sixth part is the conclusion and prospect.Combined with the characteristics of IC design enterprises,this paper designs the m&a financial risk evaluation index,and build a complete evaluation system suitable for integrated circuit design enterprises,after the IC design companies to evade financial risk in m&a has a guiding significance,can improve the success rate of merger and acquisition of the industry,the rapid development of IC design enterprises.