Discussing the future development of DRAM industry of Taiwan in Financial aspects

• Main Authors: Shu-Jyuan Lin, 林淑娟
• Other Authors: Jen-Jsung Huang
• Format: Others
• Language: zh-TW
• Published: 2010
• Online Access: http://ndltd.ncl.edu.tw/handle/79393976938491733527

碩士 === 國立中山大學 === 財務管理學系研究所 === 98 === 　　Crushing the whole world in 2008, Global financial crisis caused a loss to Taiwan DRAM industry up to hundred billion dollar, which forced government and entrepreneur confront the problem of shortage of R&D. In order to improve the competitiveness of DRAM industry, Ministry of Economic Affairs set up TIMC. However, the corporation ended at the end of 2009 due to rejected by the Legislative Department. The problem still needs to be solved, so we will focus on how to improve this problem and use financial data of several main DRAM companies to analyze them by five categories, like production and investment capacity, asset use efficiency, earning capacity, financial flexibility and innovative capacity, etc. From analysis results we get the following problems: 1. Huge capital expenditure but competitiveness still weaken. 2. Single product portfolio couldn’t help improve business cycle so that make insufficient capacity utilization. 3. Deteriorating financial situation and insufficient fund. 4. Lack of innovation ability, domestic industry has to rely on foreign technique authorization. In general, scattered resources, lack of autonomous technology and narrow product range are the key problems. We think integration sources and focused investment can avoid wasting funds. Besides, product diversification can offset the risk of gross margin decline and reduce business cycle fluctuations on gross margin. And developing autonomous technology can reduce using current OEM business model. Furthermore, this essay will propose a three-step scheme to DRAM industry for reference.