Research On The Problems And Countermeasures Of EX Company's R&D Expenditure Management

For semiconductor enterprises with technology as the core competitiveness,R&D efficiency,R&D direction and R&D process decision-making have always been the key to the survival and good development of an enterprise.In particular is now the United States and China both sides of the bilateral trade war,science and technology development situation increasingly serious,and after a few years most of the United States to China's national defense and military technology in the field of scientific research and professional colleges,state-owned enterprises and state-owned enterprises into the so-called "entity list",since 2018,the United States have begun to put some our domestic related private high-tech enterprises with the core technology is incorporated into the "entity list".The scope of U.S.supervision and control over import and export trade and trade behavior of import and export commodities has gradually become broader and higher.Among them,the semiconductor industry is the first to bear the brunt.In addition to restricting the purchase of products from related companies of the United States,it also lobbied Western countries to ban the purchase of products from these companies in the semiconductor industry,and recently upgraded to prohibit the supply of products from companies that have used American technology or services to the leading semiconductor companies in China.It is a great threat and destruction to the whole semiconductor industry chain in China.The state has made overall planning for the semiconductor industry from a strategic height,established a national fund to actively promote the R&D of semiconductor enterprises to replace,and break through the technological blockade of the United States.According to a 2019 national customs data,chip imports reached $312.5 billion in China,but the development of the domestic semiconductor industry is difficult to meet the demand of domestic market,at the same time the United States to threaten the national security as an excuse to use its technical advantages in the semiconductor industry,continue to crackdown on China semiconductor industry,inhibition of chasing the pace of China's semiconductor industry.At present,the self-sufficiency rate of domestic chips is less than 30%.In 2020,the country proposes to strive for the self-sufficiency rate of chips to reach 70% in 2025.In 2014,the first-phase investment fund of China's semiconductor industry was set up in China,and in 2019,the second-phase investment fund was set up of 200 billion yuan.Policies also strongly support the fund.Local governments have also set up funds of different scales and preferential policies to promote the vigorous development of the entire semiconductor market.But at the same time,we should also see that we and foreign technology gap and face huge competition,semiconductor packaging and testing industry as a key link,but also has the characteristics of high technology threshold,high investment,high risk,at the same time the market demand is changing rapidly.If each enterprise wants to survive and develop well,it should not only increase its own investment in research and development,but also how to accurately grasp the direction of research and development and improve research and development efficiency.The process of R&D expenditure is to clearly and truly reflect the actual situation of R&D activities through financial data,so as to provide real and effective information for decision makers.Therefore,it is of great significance to conduct research on R&D expenditure management based on industry characteristics and EX's own R&D expenditure management problems.The semiconductor assembly and test industry product rapid iteration,a variety of technology cross parallel development,once the direction is wrong,the company will lose money,the heavy may directly lead to the company bankruptcy.At the same time,under the current background,it also undertakes the important mission of home-made replacement.How to improve development efficiency and ensure the development direction of decision right is a very important topic,research and development expenditure management process and assure its key factors,combining with the theoretical analysis and case study,with the EX company as an example to research and development expenditure management question has carried on the exploration,in order to solve the problem of the EX company actual effective and practical improvement Suggestions are put forward.Firstly,this paper reviews the relevant literature on R&D expenditure management at home and abroad,and comprehensively studies and evaluates the budget,carry-over,performance evaluation and other aspects of R&D process.Then,combining with the actual situation of EX company's R&D expenditure,it analyzes the problems of EX company's R&D expenditure management,such as the separation of R&D expenditure accounting and R&D project process,the big difference between actual investment and budget of R&D project,and the insufficient evaluation of R&D expenditure benefit.Again,combined with the research and development budget theory,the accrual basis,the principle of cost effectiveness,the R&D spending on research and development before the start of the project budget,project in the process of research and development spending,carried forward,and the account of the research and development projects,generalizes the R&D efficiency assessment after the end of digging out the reasons behind the mainly semiconductor packaging test industry research and development project process is complex,lack of effective research and development expenditure budget management,the company did not attach enough importance to research and development expenditure benefit appraisal.Finally,according to the actual situation of EX Company,suggestions for improvement are put forward: to manage R&D expenditure based on the company's R&D project process,to develop effective R&D expenditure budget management methods,and to establish a sound R&D expenditure benefit assessment system.