Research On Optimization Of Financing Risk Management Of Z Chip Company

In recent years,the global semiconductor industry has resumed growth driven by the strong emerging demand for 5G communications,Io T,cloud computing,IDC data centers,etc.The Chinese semiconductor market has grown at a CAGR of 23.92% in recent years(2019).As the semiconductor industry is a technology-intensive and capital-intensive industry,the IC foundry sector also requires a large and continuous supply of capital to advance the company's operations,making the financing of the company risky,which will have a significant impact on the subsequent development of the company if not taken seriously.In this paper,the research object is Z chip company,a representative enterprise in the semiconductor industry.The article firstly gives an overview of Z chip company's financing situation,combines macro environment PEST analysis and industry upstream,midstream and downstream analysis with financial situation analysis to identify Z chip company's financing risk,and applies Z-Score model to identify the enterprise financing risk status is worrying.Through these issues,combined with the financing risk management process and the enterprise risk management COSO2017 framework,it reflects that the management of Z-chip Company has unstable governance environment,unclear objectives,performance evaluation capability to be improved,inadequate review and revision system,and low information communication efficiency.To address the existing problems,the article proposes measures to optimize the governance environment,set management objectives,propose financing risk assessment scheme based on AHP method,improve the control system,and enhance the communication efficiency to reduce the degree of external risk influence and improve the internal risk management capability.The optimization plan and expected results are also made.After the implementation of the optimization plan,regular feedback is given and evaluated whether the expected objectives can be achieved and the optimization is done again.To consolidate the effect,the paper proposes four modular safeguards of culture,talent,system,and capital.Finally,the paper presents an outlook on the future development of financing risk management in the semiconductor industry.This thesis selects Z chip company as the research object,and constructs a financing risk management optimization plan for it that is suitable for the company's development and industry characteristics.It is expected to provide a reference for the healthy development of financing risk management in the semiconductor industry.