Author(s)

Xinfang Zhang

Corresponding Author

Xinfang Zhang

ABSTRACT

Against the background of cross-border mergers and acquisitions, semiconductor companies have a strong momentum of overseas mergers and acquisitions. As a technology-intensive and knowledge-intensive industry, semiconductor companies are the best springboard for acquiring foreign advanced technology and knowledge reserves and realizing industrial upgrading. However, in recent years, Chinese semiconductor companies have been blocked by mergers and acquisitions, and the problem of censorship failure has become particularly prominent. Against this background, this article takes the 2008-2018 semiconductor industry M & A obstruction incident as a sample, explores the reasons for semiconductor companies' cross-border M & A obstructions from the perspective of political factors, and gives some reasonable suggestions.

KEYWORDS

Semiconductor companies, cross-border mergers and acquisitions, political resistance