Author(s):You Jia

Doi: 10.7508/aiem.04.2024.334.338

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

In recent years, China’s semiconductor industry has developed rapidly in the international market and gradually become a strategic and key industry in China’s economic development. Although the domestic market demand is flourishing, but because the overall advanced technology level of the semiconductor industry is not developed, so the domestic semiconductor enterprises gradually take the means of acquiring overseas enterprises to seek high-level development. This paper selects the case of Weir’s acquisition of Howell Technology and uses the Balanced Scorecard to analyze the performance of the acquisition from four dimensions. Analysis found that the merger was more successful. In terms of financial performance, the profitability and growth capacity of the enterprise are greatly improved, while the operating capacity is slightly insufficient due to the influence of market conditions. In the long run, the solvency of the enterprise is also improved, and has a positive impact on customers, internal and growth. At the same time, through the analysis of the case of the merger and acquisition, the cross-border merger and acquisition of enterprises have four enlightenments, that is, to choose the appropriate target company, formulate effective merger and acquisition plan, adopt appropriate financing payment method, take effective integration measures after the merger and acquisition.

KEYWORDS:
Overseas M&A, Balanced Scorecard, Mergers and Acquisitions Performance