第六章 結論與建議
第三節 後續研究建議
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第三節 後續研究建議
近年來半導體產業併購浪潮興起，在水平整合到一定程度後未來的併購可能 會走向垂直整合，特別是在半導體產業鏈的中下游廠商。然而在摩爾定律即將走 到盡頭的情況下，先進封裝是延續摩爾定律生命的關鍵，因此先進封裝技術成為 兵家必爭之地，未來晶圓代工大廠(如：台積電、GLOBALFOUNDRIES、聯電等..) 及系統廠(如：鴻海、和碩等)將進入封測市場，故後續研究者可以利用 Chen (1996) 提出的競爭者分析架構分析其他半導體廠商或電子代工業者，來找出可能改變封 測生態系的廠商。
由於日月光與矽品預計於 2018 年 4 月 30 日掛牌上市，日月光和矽品將成 為新投資控股公司 100%持股子公司，各自獨立營運，所以迄今仍無法切確得知 雙方合併後的預期綜效，故建議後續研究者可依據雙方合併後的經營績效及市占 率是否有顯著變化來評估此合併案是否是一件雙贏的合併案。
雖然台灣非合意併購案例案件不多，但在我國非合意併購防禦手段有限的情 況下，未來可能會出現更多的非合意併購案，故後續研究者可以針對我國其他非 合意併購案例以 AMC 分析法作進一步歸納，利用本研究提出評估非合意併購的 AMC 分析架構作進一步的延伸。此外日月光與矽品最後以控股公司的形式合併，
此合併案為台灣第二件以產業控股公司的方式進行合併的併購案(第一件為大聯 大控股公司)，建議後續研究者可針對上述兩家產業控股公司進行比較分析(如：
公司組織結構、董事會組成等..)，然後也可以參考其他國家成功的控股公司案例 (如：韓國三星、LG、現代集團等..)，最後歸納出適合以產業控股公司的型態進 行合併的併購案例。
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王玉慧、吳艾琳 (2011)。高階經理團隊多元化與企業績效。陳明園(主持人)，
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曲威光 (2013)。積體電路與微積電產業。臺北市：新陸。
朱延智 (2014)。高科技產業分析 (第三版)。臺北市：五南。
朱博湧、鄧美貞、黃基鴻 (2005)。垂直整合與虛擬整合商業模式之績效比較：台 灣積體電路産業實證。交大管理學報，25(1)，1-27。
沈靜蕙 (2015)。台灣封裝測試業競爭策略及未來展望。國立中興大學高階經理人 碩士在職專班碩士論文，台中市。
吳述微 (2003)。QS9000 應用於半導體產業供應商管理架構之研究-以設計公司 為例。遠東學報，20(2)，283-300。
吳冠昌 (2010)。高階管理階層教育特質與公司績效之關聯性。東海大學會計研究 所碩士論文，台中市。
吳啟銘 (2001)。企業評價：個案實證分析。臺北市：智勝文化。
吳淑美 (2016)。由封測大廠併購事件看兩岸半導體產業競合態勢-工研院 (IEK) 專題演講活動報導。證券服務，648，85-88。
吳博聰 (2017)。我國非合意併購實務案例暨攻防策略簡介。證券服務，658，36-44。
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汪沁 (2002)。企業併購及其相關法律問題之研究。國防管理學院法律研究所碩士 論文，桃園縣。
周士雄、富士 Chimera 總研 (2017)。扇出型封裝(FO-WLP)的採用動向與未來展
周士雄、富士 Chimera 總研 (2017)。扇出型封裝(FO-WLP)的採用動向與未來展