Semiconductor silicon product violet light into the bureau, means that industrial policy can break through limitations, and with the purple light in semiconductor industry layout, can bring Taiwan enterprises linkage development inevitably. Previously, mediatek and violet light "ambiguous", and plans to open a new factory in nanjing, TSMC reflects Taiwan pillar enterprises of this cooperation. , however, is another kind of voice of the outside world, allow the moonlight annexation silicon products, by expanding the market, capital, technology advantages, to mainland enterprises, and gradually grow global semiconductor giant in the industry of Chinese investment.

Continuous fermentation of the battle of purple light with moonlight, voices in Taiwan semiconductor silicon product testing company after in anxiety. Reply on December 21, silicon products, moonlight 100% equity acquisition statement said "will be held on the 28th of this month the board of directors, in view of the company's future development, shareholders, customers, and to evaluate the best interests of the employees, reply again."

Ase, silicon products are Taiwan first, the second largest semiconductor testing company, the 2014 annual income is $8.44 billion, $2.63 billion, respectively ranked the first, third in the world.

In August of this year, ase announced the acquisition of the latter 25% stake, but strong resistance from silicon products. Four months, silicon products, has been trying to delay the anti-japanese moonlight of invasion, and show strong mainland thunis chip group is a silicon product the best white knight. If you can, of course, as an opportunity, that opens the door to cooperation with Taiwan semiconductor industry thunis chip empire will also to the next level.

"Future" as the primary evaluation criteria of silicon products, natural go purple light. But capital in mainland China to Taiwan investment restrictions and one-sided public opinion before, outside the situation outside the character of purple light, silicon.

It is also the tangle of the whole Taiwan semiconductor industry, in the global semiconductor industry focus to China under the trend of migration, such as TSMC, mediatek Taiwan semiconductor pillar enterprises tend to like silicon product enterprise in-depth cooperation with China. However, Taiwan's public opinion seems to be on the other side, more support, the moonlight to strengthen itself through mergers, closed.

Equity war

Moonlight announced on August 21,, 2015 to nt $45 per share for the price, public acquisition of a 25% stake in silicon products, after the completion of the acquisition, moonlight will become its biggest shareholder. At the time, just as Taiwan stock market lows, silicon product price is low this year 33.5 nt, ase price is equivalent to the 30% premium.

But a week later, the board of directors of the silicon product publicly questioned, moonlight, and pointed out that before August 21, 90, the average price of 44.87 t, moonlight, only a 0.29% premium. Silicon product board recommends shareholders don't having the moonlight selling the stake.

Really worries silicon product is right. Because ase, silicon products customers highly overlap in technology, market, engineering, become a silicon product after the company's largest shareholder, is bound to be on silicon product management reform. Silicon product in the announcement made it clear that the fear of the situation, and even publicly demanding ase "commitment to financial investment, not involved in management, don't board seats".

On August 28, the silicon product Lin Wenbo invitation, chairman of foxconn chairman terry gou, the two sides will achieve strategic alliance by way of equity exchange. According to the agreement, if cooperation reached, foxconn will hold the silicon product 21.4% stake. In this way, even if the day moonlight successful, foxconn is enough to compete with the moonlight, and silicon products can maintain independent operation.

But due to dispersion of silicon product equity is silicon product series of recommendations and measures of the board of directors has not achieved. Just after January, including life insurance company, foreign shareholders and the American depositary receipts account ownership to buyer, ase open offer 25% every breakthrough invitation limit, high rate of 36.83%. September 22, announced moonlight acquired 25% silicon products, the total purchase price of 35.2 billion new Taiwan dollars (about 7 billion yuan). And next, with foreign shareholders in the strategic alliance with foxconn director cast a vote against the key discussion meeting, silicon products with foxconn alliance of bankruptcy.

Silicon products, of course, the result is not willingly. On October 15, silicon products in kaohsiung court, moonlight, hope that through legal means to expel the latter. Meanwhile, silicon products with the moonlight through the stock market announcement every song words for many times, rhetoric.

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Silicon products, meanwhile, set up more than 600 employees of self-help, public protests, moonlight incoming, and produced silicon product employees "eight", but the day the moon never responded. Even a silicon product shareholders denounced day is moonlight pollution behavior and moonlight, chairman of private conduct. The two sides of contradictions.

Ase in silicon at sea is a foregone conclusion, silicon products, coincided with a violet light group chairman wei-guo zhao to Taiwan, a $600 million stake in Taiwan's force into science and technology, become the second largest shareholder. Previously, purple light group tongfang just released 80 billion yuan on the core scheme, wei-guo zhao also announced in the next five years was founded 300 billion integrated circuit.

And, wei-guo zhao to Taiwan as "xi association" on the eve of the wei-guo zhao in Taiwan a wave of "cross-strait cooperation in the semiconductor" public opinion direction.

On December 11, purple light announced a nt $55 per share subscription silicon article about 1.033 billion shares, the subscription price premium 22%, total investment amount of 56.8 billion new Taiwan dollars (about 11.1 billion yuan). If the subscription is completed, purple light will become a silicon product's largest shareholder with a 24.9% stake, while day moonlight stake diluted to 19%, becoming the second largest shareholder.

Cooperation vs. closed

While in silicon products, purple light also announced a stake in another Taiwanese testing company, south MAO, accounted for 25% of the shares. Shigeru statistical power to science and technology, silicon products, south three testing company market share and market share of more than 17% in the field of violet light on the testing, close to, 19% of the moon.

Purple light not only broke the ase annexation of silicon product plan, also threatened the market position of the moonlight.

Emergency announcement on December 14, moonlight, with 55 t price for cash for the silicon product 100% stake. Ase need to pay more than $4 billion in cash for the acquisition, is twice the moonlight cash flow.

Snap up blockades purple light, ase also at the press conference called for "the government should give priority to local purchase". At the same time, Taiwan media public opinion is one-sided and oppose silicon product introduction of purple light, and advocate "cross-strait cooperation" sound before the opposite.

In fact, for the whole Taiwan semiconductor industry, the result of the battle of double light means that the two route, this also is the battle of the equity trigger continuous media hyped root cause.

Continental is the only global semiconductor market growth, and, in 2014 countries for the integrated circuit industry promotion just after, the mainland semiconductor a trend of rise, including semiconductor giant Intel, Texas instruments and qualcomm began to intensify investment in the mainland. And Taiwan semiconductor companies are restricted by policy is difficult to carry out investment in mainland China, in the face of the competition in the global semiconductor.

Semiconductor industry purple light into the bureau, means that can break through policy restriction, and with the purple light in semiconductor industry layout, can bring Taiwan enterprises linkage development inevitably. Previously, mediatek and violet light "ambiguous", and plans to open a new factory in nanjing, TSMC reflects Taiwan backbone enterprises of the tendency of cooperation, one of the enterprises spokesman told reporters: "if enterprises want to seek long-term development, is bound to layout on the mainland, the sooner the better."

Another route is moonlight annexation of silicon products, by expanding the market, capital, technology advantages, to mainland enterprises, and gradually grow global semiconductor giant in the industry of Chinese investment.

At the moment, the whole Taiwan semiconductor industry in policy and industry of the game in a tangle.