Study On The Motivation And Financial Performance Of Wentai Technology Campany Cross-border Acquisition Of Nexperia

The rapid rise of China's market economy,the increasingly fierce competition between industries.Many companies choose to improve their overall strength through mergers and acquisitions.Since the Belt and Road Initiative was put forward,the Chinese government has paid great attention to industrial upgrading and transformation,and encouraged companies to actively participate in overseas investment.As a result of China's policies,there has been a rapid upsurge of mergers and acquisitions in various industries.Support the development of semiconductor industry is an important development strategy in our country,the "difference"plan will be carried out on the development of the third generation of semiconductor chips and development strongly support,and put forward during the period of 2021-2025,mobilize all forces,application in education,scientific research,development,financing,and other fields,to vigorously support the development of the third generation of semiconductor,in order to achieve industrial independence,So as not to be subject to others.The government is also promoting the growth of the semiconductor industry by cutting taxes,setting up investment funds,and clarifying the development path of the industry.With the development of chip technology,artificial intelligence and other technologies,the semiconductor industry will have a huge market demand.Many non-semiconductor companies in China are actively seeking for mergers and acquisitions with high-quality semiconductor companies,successfully entering the semiconductor industry to seek new development direction,and help the great development of China's semiconductor industry.To promote economic development to make their own efforts.To achieve this goal,semiconductor companies must be clear about the acquisition motivation and actively explore how to improve the company's merger and acquisition performance through cross-industry cross-border merger and acquisition.This paper takes the largest semiconductor merger case in China-Wentai Technology company's acquisition of Nexperia as an example,and uses theory and case study method to study its merger motivation and financial indicators.Firstly,on the premise of summarizing the research results of mergers and acquisitions at home and abroad,it explains the meaning and types of mergers and acquisitions,analyzes the motivation of mergers and acquisitions,financial performance and financial performance methods of mergers and acquisitions,and finally makes a brief introduction to the two companies of Wentai Technology merger and acquisition of Nexperia.Secondly,this paper discusses in detail the reasons for wenttai's acquisition of Nexperia from both internal and external aspects,and then makes a comparative analysis of the financial performance of Wenttai before and after the acquisition by using EVA analysis and financial index analysis.Finally,through the research,it is found that after merger and acquisition,the synergistic effect is given full play to obtain complementary resources,the financial performance of enterprises is better and the comprehensive ability of enterprises is improved.Based on this,this paper also puts forward corresponding suggestions:enterprises should give full play to the favorable national policies and market-oriented role,clarify merger and acquisition objectives,improve the ability to integrate resources after merger and acquisition,and give full play to the advantages of merger and acquisition.Hope that many investors can improve the rational understanding of cross-border merger and acquisition,and can play a certain role of reference,improve the implementation of cross-border merger and acquisition effect.