Research On The Value Evaluation Of Chip Design Enterprises In The VUCA Environment

With the introduction of “Industry 4.0” and “Made in China 2025”,China’s technological revolution and industrial revolution are also being further advanced.The chip industry already has a high degree of technology and capital intensity,and it is a key industry that reflects the comprehensive development capability of each country or region.The development of the chip industry is very rapid.After being sanctioned by the United States and other Western countries,it has attracted great attention from the country.Due to the large scale of domestic market demand and policy support,the future prospects of the chip industry are very broad.The chip industry includes a variety of enterprise types.Since there are relatively few research achievements on the value evaluation of chip design companies in the current literature,this paper will focus on the value evaluation of chip design companies in the chip industry.In the VUCA environment,it is difficult to evaluate the value of enterprises,especially for R&D-based chip design enterprises.First of all,this paper analyzes the characteristics of the VUCA environment,the problems that enterprises need to face in the VUCA environment,and the feature of the chip industry,and sorts out the current status of chip design enterprises in the world and in my country.In order to be reasonable,and the VUCA environment fully reflects the uncertainty of the future,the theory of fuzzy mathematics is used to optimize the parameters,which can comprehensively consider the ideal and non-ideal situations in the future.Secondly,this paper takes the chip design company-Montage Technology as an example,and uses the combination model to evaluate the current value of the enterprise with the EVA model and the potential value of the enterprise with the optimized B-S model,summing up the overall value of Montage Technology.The final analysis shows that this combined model has certain applicability to chip design enterprises.The results of this paper show that,in the VUCA environment,the combination of EVA and B-S model is used to evaluate the value of chip design enterprises,and the parameters of the B-S model are modified with fuzzy mathematical theory,which can make the evaluation result more reasonable.However,this method also has disadvantages such as difficulty in predicting indicators,such as operating income and subjectivity,which will also affect the operability of the EVA and B-S combined model.