A Case Study of Financing Strategy In Analog IC Industry

• Main Authors: Chung-Chuan Kuo, 郭仲銓
• Other Authors: Day-yang Liu
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/29117148657666254353

碩士 === 國立臺灣科技大學 === 財務金融研究所 === 104 === In order to support business operations, it‘necessary to prepare sufficient funds and working capital for above purpose. As company operation continues to expand, the need for additional capital investment becomes very important. There are two kinds sources of funds: “Internal funds” and “External funds”. When internal funds is not enough to suspend company operation during expansion, it is necessary to seek external funding. Taking consideration of the conditions and limitations of the enterprise itself, it’s worth investigating the method of choosing what kind of financing decisions to obtain external funding for enterprise’s long-term benefit. This study adopted case study, Primarily through literature review, Data collection and interviews, to understand how the company received financing and its content in the past. At the same time, we analyzed different financing methods in different operation stages to understand financial strategy of this enterprise. In this case study, the enterprise itself is a fast-growing company, Which belongs to the industry in a rapid growth period. Case's financing needs mainly due to the fast expansion of the operating and cash flow shortage. There are two stages of Case's financing needs. The first one is during 2002 and 2005, cases company through capital increase for cash, bank financing and the sale of receivables, etc., to obtain working capital. The company resolved the liquidity problems due to rapidly arising revenue scale. The second stage is from 2006 to 2007. Along with the growing revenue scale of this company, in order to prepare enough operating cash flow and plan for long-term growth strategy in the coming future. This company decided to enter the capital market to raise funds for future operation. The results are summarized as follows: 1. The mode of operation of the company's case is unique and there is different from peers. 2. The case-based financing company with the operation and development, To attract outstanding personnel continued investment in research and development to enhance the company's competitiveness. 3. Access to capital market financing have a significant impact on the future development of the case company. 4.The future planning: Continued investment in research and development to expand the breadth and depth of product lines, Enhance the company's future business development.