Abstract
The integrated circuit (IC) industry is the foundation of the information industry, and its level of development is an important manifestation of the economic and technological strength of a country. At present, the IC industry is primarily monopolised by developed countries. Although China is the world’s largest consumer of semiconductors, it has a disproportionately small international market share of production and a very low domestic chip self-sufficiency rate, lagging far behind Europe, the United States, Japan, and South Korea. The process of promoting the development of China’s IC industry ecosystem is discussed based on a case study of Tsinghua Unigroup and the observation and analysis of its recent international mergers and acquisitions. The resulting conclusions suggest valuable mechanisms that could benefit the technological improvement of late-developing countries and help them close the gap with more developed countries. Relevant theory for the industrial ecosystem is enriched, providing a useful reference for the development of the IC industry in late-developing countries.
Highlights
The integrated circuit (IC) industry is the foundation of the information industry, and its level of development is an important manifestation of the economic and technological strength of a country
By studying the merger of Tsinghua Unigroup, we found that the rise of IC industry mergers and acquisitions (M&A) is a general trend in economic restructuring
This work analysed the process and experience behind Tsinghua Unigroup’s capital operations and explored how domestic and foreign enterprises were acquired in succession and how their strength increased so that the Chinese IC industry’s ecosystem could grow stronger and healthier
Summary
The integrated circuit (IC) industry is the foundation of the information industry, and its level of development is an important manifestation of the economic and technological strength of a country. The State Council of the People’s Republic of China issued “Several Policies to Encourage the Development of the Software Industry and the Integrated Circuit Industry”, leading the Chinese IC industry to enter an initial stage of development. In 2014, the “Outline of National Integrated Circuit Industry Development Promotion” was released, further expanding the development of and policy focus on China’s IC industry. Tsinghua Unigroup is a high-tech enterprise of Tsinghua University In recent years, it has rapidly become an influential IC company worldwide through a number of mergers and acquisitions (M&A). (3) Considering the aim of late-developing countries to catch up in industrial technology, what is the significance of Tsinghua Unigroup’s case? (1) How did Tsinghua Unigroup build the IC industry ecosystem through a series of M&A? (2) What are the important roles played by Tsinghua Unigroup’s M&A in China’s IC industry ecosystem? (3) Considering the aim of late-developing countries to catch up in industrial technology, what is the significance of Tsinghua Unigroup’s case?
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