TAIWAN Law and Practice Contributed by: Ken-Ying Tseng, Vivian Cheng, Julia Kuei-Fang Yung and Gail Chang, Lee and Li Attorneys-at-Law
Lee and Li, Attorneys-at-Law 8F, No 555, Sec. 4 Zhongxiao E. Rd Taipei
110055 Taiwan
Tel: +886 2 2763 8000 Fax: +886 2 2766 5566 Email: attorneys@leeandli.com Web: www.leeandli.com/EN
1. Trends 1.1 M&A Market
and complex geopolitical dynamics. According to industry forecasts, deal activity may become increas - ingly polarised, with larger, well-capitalised purchasers dominating high-value transactions while mid-market activity adjusts to new investment paradigms. These forces are likely to influence Taiwan’s market, chal - lenging local firms to balance strategic expansion with rigorous capital allocation and compliance practices. 1.3 Key Industries Key industries conducting M&A transactions in Taiwan include finance, AI-related suppliers, biotechnology, electronic devices and green energy sectors. Transactions for acquiring a company in Taiwan are commonly structured as a share transfer, as that is the most straightforward approach. Other methods may include statutory mergers, such as mergers, share swap, business transfers and demerger (spin-off). A general description of these types of transaction is as follows. Share Transfer A share transfer is the most frequent method for acqui - sition. For private companies, the transfer is typically conducted through a private agreement between the parties. For public companies, the transfer of shares is subject to the Securities and Exchange Act, which may trigger a tender offer. 2. Overview of Regulatory Field 2.1 Acquiring a Company
In 2025, Taiwan’s M&A market remained resilient amid global economic uncertainties and geopolitical pressures, with continued activity driven by strategic technology, financial services, and offshore expansion deals. Domestic deal volumes grew as companies adapted to competitive pressures and pursued con - solidation or international growth strategies. Taiwan - ese firms increasingly pursued cross-border acqui - sitions as a means of upgrading supply chains and expanding global footprints, particularly in technol - ogy and healthcare sectors. Economic data suggests that overall transaction counts and deal involvement across key industries remained robust throughout the year. 1.2 Key Trends Several notable M&A transactions and market devel - opments in 2025 illustrate the evolving landscape. Major Taiwanese players completed or announced offshore strategic acquisitions, such as WPG Hold - ings’ acquisition of Canadian integrated circuit distrib - utor Future Electronics, reflecting efforts to enhance global supply chain integration and technological capabilities. Domestic and inbound activity also con - tinued amid regulatory engagement, including meas - ured merger reviews by the Fair Trade Commission, which underscored increased scrutiny in digital and competitive markets. Looking ahead to 2026, global M&A is expected to experience structural transformation driven by arti - ficial intelligence, concentrated capital deployment,
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