Analysis Of Financial Synergies In Mergers And Acquisitions-Take The Acquisition Of Wingtech Technology To Nexperia As An Example

After the peak period in China,M&A activities have gradually become more rational,changing from a high-speed development model to a high-quality development model.The semiconductor industry is one of the key industries in my country and has received strong support from policies and finance.However,in current situation,China’s semiconductor industry accounts for a relatively low global share and there is still a large gap compared with developed countries.In view of the multiple problems such as the insignificant scale effect and weak R&D strength of China’s semiconductor enterprises,the acquisition of high-quality targets is a shortcut to quickly acquire advanced technologies to make up for their own shortcomings and promote the further development of enterprises.Therefore,studying the performance of Wingtech’s financial synergy in M&A activities can not only enrich the case studies of M&A activities,but also provide experience for other semiconductor companies,so as to promote China’s semiconductor companies to catch up with the developed world more quickly.This paper takes Wingtech acquisition of Nexperia as a specific case and uses literature research method,case analysis method and event study method to analyze whether the merger case brings financial synergy.This paper firstly sorts out the relevant literature on the basic concepts,characteristics,M&A motivations and financial synergy effects of mergers and acquisitions at home and abroad;then summarizes the current research status of mergers and acquisitions and financial synergy effects in China.Giving a brief introduction to the companies of both parties,explain the merger process and merger motivation and find that the merger and acquisition motivation of Wingtech Technology mergerwith Nexperia is mainly to seize new development opportunities and promote business structure optimization;acquiring high-quality assets,enhancing core competitiveness and achieving excellent,thereby enhancing market competitiveness.Next,the event study method and the financial indicator method are used to analyze the financial synergy of Wingtech.The results show that mergers and acquisitions have a positive effect on the company’s short-term performance and various financial indicators of Wingtech have improved.This shows that there is a synergy betweenWingtechand and Nexperia.Finally,summarize the conclusions of the full text.On this basis,providing some reference inspiration for the future merger and acquisition activities of China’s semiconductor companies.