Research On The Motivation And Performance Of Weir's Mergers And Acquisitions From The Perspective Of Industrial Chain Mergers And Acquisitions

With the application of the Internet and the popularization and development of 5G information technology,artificial intelligence,big data,blockchain,Internet of Things and other technologies are becoming more and more mature,which promotes the rapid development of the global semiconductor market.The semiconductor industry has become a hot topic in the global economy and is the strategic basis for the economic and technological competition game of various countries.As a big consumer of electronic products in the world,China has a vast semiconductor sales market and a huge cluster of semiconductor design and production enterprises.However,it has always been subject to people in key technical fields,facing the embarrassing situation of "neck sticking",and still relies on imports in the fields of semiconductor equipment and materials.At the same time,the developed countries,led by the United States,have continuously imposed technical blockade on China,launched trade wars,restricted the export of chips to China,and suppressed local semiconductor enterprises in China.To this end,the state has increased investment in technology,encouraged semiconductor enterprises to accumulate experience through innovation-driven development,sought their own breakthrough,stimulated the potential of local enterprises,and gradually shifted the industrial chain to China,thus breaking down industry barriers,reducing import dependence and gradually realizing full domestic substitution.Based on the typical case of successful M&A in semiconductor industry,this paper takes the excellent performance of Weir Co.,Ltd.in market value as the breakthrough point,and makes a concrete analysis of the M&A behavior of enterprises in industrial chain by using the methods of comprehensive literature analysis,case analysis and market value performance analysis,which leads to the thinking of M&A of semiconductor enterprises.This paper starts from the industry background,compares the global semiconductor market,studies and analyzes the advantages and disadvantages of China's semiconductor enterprises,and explores the future development of China's semiconductor enterprises from the supply-side structural reform.By introducing Michael Porter's industrial value chain theory,this paper analyzes the characteristics,operation process and motivation of value chain mergers and acquisitions in the process of mergers and acquisitions of Weil Co.,Ltd..By using market value response analysis,financial index analysis and business capability analysis,this paper compares the industry consolidation situation after M&A horizontally and vertically,further explores the value creation and possible hidden risks brought by M&A,and puts forward practical suggestions on the basis of the test of global epidemic situation,future strategic layout,self-development orientation,industrial structure and cost control,which can provide some reference for other enterprises in the semiconductor industry.In this paper,starting from the current situation of the industry,we study the enterprises,and finally return to the specific practice and application of the industry development.In thinking about the development model of the semiconductor industry,we propose that the rise of China's semiconductor industry must keep up with the times,cultivate high-quality enterprises,and build the development pattern of the semiconductor industry chain on the basis of the current development situation.In addition,semiconductor enterprises should combine the characteristics of industrial development,focus on the downstream demand,find their own way in the process of reform for long-term development,and promote the process of localization and substitution of core technologies in China.