id	sid	tid	token	lemma	pos
ajebi-561	1	1	pa	pa	PROPN
ajebi-561	1	2	ge	ge	PROPN
ajebi-561	1	3	1	1	NUM
ajebi-561	1	4	pa	pa	PROPN
ajebi-561	1	5	ge	ge	PROPN
ajebi-561	1	6	24	24	NUM
ajebi-561	1	7	american	american	PROPN
ajebi-561	1	8	journal	journal	PROPN
ajebi-561	1	9	of	of	ADP
ajebi-561	1	10	economics	economic	NOUN
ajebi-561	1	11	and	and	CCONJ
ajebi-561	1	12	business	business	NOUN
ajebi-561	1	13	innovation	innovation	NOUN
ajebi-561	1	14	(	(	PUNCT
ajebi-561	1	15	ajebi	ajebi	NOUN
ajebi-561	1	16	)	)	PUNCT
ajebi-561	1	17	the	the	DET
ajebi-561	1	18	fleeting	fleeting	ADJ
ajebi-561	1	19	possibility	possibility	NOUN
ajebi-561	1	20	of	of	ADP
ajebi-561	1	21	merging	merge	VERB
ajebi-561	1	22	the	the	DET
ajebi-561	1	23	world	world	NOUN
ajebi-561	1	24	’s	’s	PART
ajebi-561	1	25	largest	large	ADJ
ajebi-561	1	26	chip	chip	NOUN
ajebi-561	1	27	manufacturer	manufacturer	NOUN
ajebi-561	1	28	in	in	ADP
ajebi-561	1	29	2017	2017	NUM
ajebi-561	1	30	:	:	PUNCT
ajebi-561	1	31	the	the	DET
ajebi-561	1	32	pain	pain	NOUN
ajebi-561	1	33	of	of	ADP
ajebi-561	1	34	chinese	chinese	ADJ
ajebi-561	1	35	chip	chip	NOUN
ajebi-561	1	36	industry	industry	NOUN
ajebi-561	1	37	lingkai	lingkai	NOUN
ajebi-561	1	38	kong1	kong1	PROPN
ajebi-561	1	39	*	*	PROPN
ajebi-561	1	40	,	,	PUNCT
ajebi-561	1	41	runyang	runyang	PROPN
ajebi-561	1	42	shu2	shu2	PROPN
ajebi-561	1	43	,	,	PUNCT
ajebi-561	1	44	hao	hao	PROPN
ajebi-561	1	45	lu3	lu3	PROPN
ajebi-561	1	46	,	,	PUNCT
ajebi-561	1	47	qiaozhi	qiaozhi	PROPN
ajebi-561	1	48	xiong3	xiong3	PROPN
ajebi-561	1	49	,	,	PUNCT
ajebi-561	1	50	peng	peng	PROPN
ajebi-561	1	51	wu4	wu4	PROPN
ajebi-561	1	52	,	,	PUNCT
ajebi-561	1	53	rui	rui	PROPN
ajebi-561	1	54	xue3	xue3	PROPN
ajebi-561	1	55	volume	volume	VERB
ajebi-561	1	56	1	1	NUM
ajebi-561	1	57	issue	issue	NOUN
ajebi-561	1	58	3	3	NUM
ajebi-561	1	59	,	,	PUNCT
ajebi-561	1	60	year	year	NOUN
ajebi-561	1	61	2022	2022	NUM
ajebi-561	1	62	issn	issn	VERB
ajebi-561	1	63	:	:	PUNCT
ajebi-561	1	64	2831	2831	NUM
ajebi-561	1	65	-	-	SYM
ajebi-561	1	66	5588	5588	NUM
ajebi-561	1	67	(	(	PUNCT
ajebi-561	1	68	online	online	ADJ
ajebi-561	1	69	)	)	PUNCT
ajebi-561	1	70	doi	doi	NOUN
ajebi-561	1	71	:	:	PUNCT
ajebi-561	1	72	https://doi.org/10.54536/ajebi.v1i3.561	https://doi.org/10.54536/ajebi.v1i3.561	PROPN
ajebi-561	1	73	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	1	74	article	article	NOUN
ajebi-561	1	75	information	information	NOUN
ajebi-561	1	76	abstract	abstract	ADV
ajebi-561	1	77	received	receive	VERB
ajebi-561	1	78	:	:	PUNCT
ajebi-561	1	79	september	september	PROPN
ajebi-561	1	80	07	07	NUM
ajebi-561	1	81	,	,	PUNCT
ajebi-561	1	82	2022	2022	NUM
ajebi-561	1	83	accepted	accept	VERB
ajebi-561	1	84	:	:	PUNCT
ajebi-561	1	85	september	september	PROPN
ajebi-561	1	86	16	16	NUM
ajebi-561	1	87	,	,	PUNCT
ajebi-561	1	88	2022	2022	NUM
ajebi-561	1	89	published	publish	VERB
ajebi-561	1	90	:	:	PUNCT
ajebi-561	1	91	september	september	PROPN
ajebi-561	1	92	21	21	NUM
ajebi-561	1	93	,	,	PUNCT
ajebi-561	1	94	2022	2022	NUM
ajebi-561	1	95	this	this	DET
ajebi-561	1	96	article	article	NOUN
ajebi-561	1	97	examines	examine	VERB
ajebi-561	1	98	a	a	DET
ajebi-561	1	99	possible	possible	ADJ
ajebi-561	1	100	chinese	chinese	ADJ
ajebi-561	1	101	semiconductor	semiconductor	NOUN
ajebi-561	1	102	industry	industry	NOUN
ajebi-561	1	103	’s	’s	PART
ajebi-561	1	104	merger	merger	NOUN
ajebi-561	1	105	and	and	CCONJ
ajebi-561	1	106	acquisition	acquisition	NOUN
ajebi-561	1	107	in	in	ADP
ajebi-561	1	108	2017	2017	NUM
ajebi-561	1	109	,	,	PUNCT
ajebi-561	1	110	the	the	DET
ajebi-561	1	111	year	year	NOUN
ajebi-561	1	112	before	before	ADP
ajebi-561	1	113	the	the	DET
ajebi-561	1	114	sino	sino	ADJ
ajebi-561	1	115	-	-	PUNCT
ajebi-561	1	116	us	us	PROPN
ajebi-561	1	117	trade	trade	NOUN
ajebi-561	1	118	war	war	NOUN
ajebi-561	1	119	and	and	CCONJ
ajebi-561	1	120	us	we	PRON
ajebi-561	1	121	high	high	ADJ
ajebi-561	1	122	-	-	PUNCT
ajebi-561	1	123	tech	tech	NOUN
ajebi-561	1	124	sanctions	sanction	NOUN
ajebi-561	1	125	against	against	ADP
ajebi-561	1	126	china	china	PROPN
ajebi-561	1	127	.	.	PUNCT
ajebi-561	2	1	the	the	DET
ajebi-561	2	2	feasibility	feasibility	NOUN
ajebi-561	2	3	of	of	ADP
ajebi-561	2	4	a	a	DET
ajebi-561	2	5	merger	merger	NOUN
ajebi-561	2	6	between	between	ADP
ajebi-561	2	7	tsinghua	tsinghua	PROPN
ajebi-561	2	8	unigroup	unigroup	PROPN
ajebi-561	2	9	and	and	CCONJ
ajebi-561	2	10	taiwan	taiwan	PROPN
ajebi-561	2	11	semiconductor	semiconductor	NOUN
ajebi-561	2	12	manufacturing	manufacturing	NOUN
ajebi-561	2	13	company	company	NOUN
ajebi-561	2	14	is	be	AUX
ajebi-561	2	15	thoroughly	thoroughly	ADV
ajebi-561	2	16	examined	examine	VERB
ajebi-561	2	17	as	as	ADV
ajebi-561	2	18	well	well	ADV
ajebi-561	2	19	as	as	ADP
ajebi-561	2	20	their	their	PRON
ajebi-561	2	21	development	development	NOUN
ajebi-561	2	22	history	history	NOUN
ajebi-561	2	23	and	and	CCONJ
ajebi-561	2	24	the	the	DET
ajebi-561	2	25	current	current	ADJ
ajebi-561	2	26	financial	financial	ADJ
ajebi-561	2	27	standing	standing	NOUN
ajebi-561	2	28	.	.	PUNCT
ajebi-561	3	1	the	the	DET
ajebi-561	3	2	financial	financial	ADJ
ajebi-561	3	3	data	datum	NOUN
ajebi-561	3	4	collected	collect	VERB
ajebi-561	3	5	form	form	NOUN
ajebi-561	3	6	the	the	DET
ajebi-561	3	7	two	two	NUM
ajebi-561	3	8	companies	company	NOUN
ajebi-561	3	9	’	'	PUNCT
ajebi-561	3	10	annual	annual	ADJ
ajebi-561	3	11	report	report	NOUN
ajebi-561	3	12	was	be	AUX
ajebi-561	3	13	analyzed	analyze	VERB
ajebi-561	3	14	using	use	VERB
ajebi-561	3	15	multiple	multiple	ADJ
ajebi-561	3	16	corporate	corporate	ADJ
ajebi-561	3	17	valuating	valuating	NOUN
ajebi-561	3	18	models	model	NOUN
ajebi-561	3	19	.	.	PUNCT
ajebi-561	4	1	we	we	PRON
ajebi-561	4	2	discovered	discover	VERB
ajebi-561	4	3	that	that	SCONJ
ajebi-561	4	4	the	the	DET
ajebi-561	4	5	industrial	industrial	ADJ
ajebi-561	4	6	policy	policy	NOUN
ajebi-561	4	7	and	and	CCONJ
ajebi-561	4	8	financial	financial	ADJ
ajebi-561	4	9	reports	report	NOUN
ajebi-561	4	10	in	in	ADP
ajebi-561	4	11	2017	2017	NUM
ajebi-561	4	12	favored	favor	VERB
ajebi-561	4	13	the	the	DET
ajebi-561	4	14	merger	merger	NOUN
ajebi-561	4	15	,	,	PUNCT
ajebi-561	4	16	but	but	CCONJ
ajebi-561	4	17	the	the	DET
ajebi-561	4	18	combination	combination	NOUN
ajebi-561	4	19	ultimately	ultimately	ADV
ajebi-561	4	20	collapsed	collapse	VERB
ajebi-561	4	21	,	,	PUNCT
ajebi-561	4	22	which	which	PRON
ajebi-561	4	23	was	be	AUX
ajebi-561	4	24	quite	quite	DET
ajebi-561	4	25	a	a	DET
ajebi-561	4	26	pity	pity	NOUN
ajebi-561	4	27	for	for	ADP
ajebi-561	4	28	chinese	chinese	ADJ
ajebi-561	4	29	chip	chip	NOUN
ajebi-561	4	30	sector	sector	NOUN
ajebi-561	4	31	.	.	PUNCT
ajebi-561	5	1	the	the	DET
ajebi-561	5	2	research	research	NOUN
ajebi-561	5	3	contributes	contribute	VERB
ajebi-561	5	4	to	to	ADP
ajebi-561	5	5	an	an	DET
ajebi-561	5	6	in	in	ADP
ajebi-561	5	7	-	-	PUNCT
ajebi-561	5	8	depth	depth	NOUN
ajebi-561	5	9	comprehension	comprehension	NOUN
ajebi-561	5	10	of	of	ADP
ajebi-561	5	11	china	china	PROPN
ajebi-561	5	12	’s	’s	PART
ajebi-561	5	13	semiconductor	semiconductor	NOUN
ajebi-561	5	14	business	business	NOUN
ajebi-561	5	15	and	and	CCONJ
ajebi-561	5	16	serves	serve	VERB
ajebi-561	5	17	as	as	ADP
ajebi-561	5	18	a	a	DET
ajebi-561	5	19	model	model	NOUN
ajebi-561	5	20	for	for	ADP
ajebi-561	5	21	future	future	ADJ
ajebi-561	5	22	financial	financial	ADJ
ajebi-561	5	23	analyses	analysis	NOUN
ajebi-561	5	24	of	of	ADP
ajebi-561	5	25	comparable	comparable	ADJ
ajebi-561	5	26	sectors	sector	NOUN
ajebi-561	5	27	.	.	PUNCT
ajebi-561	6	1	keywords	keyword	VERB
ajebi-561	6	2	chip	chip	NOUN
ajebi-561	6	3	sector	sector	NOUN
ajebi-561	6	4	,	,	PUNCT
ajebi-561	6	5	financial	financial	ADJ
ajebi-561	6	6	analysis	analysis	NOUN
ajebi-561	6	7	,	,	PUNCT
ajebi-561	6	8	mergers	merger	NOUN
ajebi-561	6	9	and	and	CCONJ
ajebi-561	6	10	acquisitions	acquisition	NOUN
ajebi-561	6	11	,	,	PUNCT
ajebi-561	6	12	semiconductors	semiconductor	NOUN
ajebi-561	6	13	1	1	NUM
ajebi-561	6	14	izmir	izmir	NOUN
ajebi-561	6	15	university	university	PROPN
ajebi-561	6	16	of	of	ADP
ajebi-561	6	17	economics	economic	NOUN
ajebi-561	6	18	,	,	PUNCT
ajebi-561	6	19	izmir	izmir	PROPN
ajebi-561	6	20	,	,	PUNCT
ajebi-561	6	21	turkey	turkey	PROPN
ajebi-561	6	22	2	2	NUM
ajebi-561	6	23	essec	essec	NOUN
ajebi-561	6	24	business	business	NOUN
ajebi-561	6	25	school	school	NOUN
ajebi-561	6	26	,	,	PUNCT
ajebi-561	6	27	paris	paris	PROPN
ajebi-561	6	28	,	,	PUNCT
ajebi-561	6	29	france	france	PROPN
ajebi-561	6	30	3	3	NUM
ajebi-561	6	31	beijing	beijing	PROPN
ajebi-561	6	32	foreign	foreign	PROPN
ajebi-561	6	33	studies	study	NOUN
ajebi-561	6	34	university	university	PROPN
ajebi-561	6	35	,	,	PUNCT
ajebi-561	6	36	beijing	beijing	PROPN
ajebi-561	6	37	,	,	PUNCT
ajebi-561	6	38	china	china	PROPN
ajebi-561	6	39	4	4	NUM
ajebi-561	6	40	sun	sun	PROPN
ajebi-561	6	41	yat	yat	PROPN
ajebi-561	6	42	-	-	PUNCT
ajebi-561	6	43	sen	sen	PROPN
ajebi-561	6	44	university	university	PROPN
ajebi-561	6	45	,	,	PUNCT
ajebi-561	6	46	guangzhou	guangzhou	PROPN
ajebi-561	6	47	,	,	PUNCT
ajebi-561	6	48	china	china	PROPN
ajebi-561	6	49	*	*	PUNCT
ajebi-561	6	50	corresponding	correspond	VERB
ajebi-561	6	51	author	author	NOUN
ajebi-561	6	52	’s	’s	PART
ajebi-561	6	53	e	e	NOUN
ajebi-561	6	54	-	-	NOUN
ajebi-561	6	55	mail	mail	NOUN
ajebi-561	6	56	:	:	PUNCT
ajebi-561	6	57	lingkai.kong@std.izmirekonomi.edu.tr	lingkai.kong@std.izmirekonomi.edu.tr	PROPN
ajebi-561	6	58	introduction	introduction	NOUN
ajebi-561	6	59	with	with	ADP
ajebi-561	6	60	the	the	DET
ajebi-561	6	61	us	us	PROPN
ajebi-561	6	62	’s	’s	PART
ajebi-561	6	63	august	august	PROPN
ajebi-561	6	64	2022	2022	NUM
ajebi-561	6	65	ban	ban	NOUN
ajebi-561	6	66	on	on	ADP
ajebi-561	6	67	exporting	export	VERB
ajebi-561	6	68	eda	eda	PROPN
ajebi-561	6	69	software	software	NOUN
ajebi-561	6	70	to	to	ADP
ajebi-561	6	71	china	china	PROPN
ajebi-561	6	72	,	,	PUNCT
ajebi-561	6	73	the	the	DET
ajebi-561	6	74	path	path	NOUN
ajebi-561	6	75	to	to	PART
ajebi-561	6	76	technologically	technologically	ADV
ajebi-561	6	77	advancing	advance	VERB
ajebi-561	6	78	china	china	PROPN
ajebi-561	6	79	’s	’s	PART
ajebi-561	6	80	high	high	ADJ
ajebi-561	6	81	-	-	PUNCT
ajebi-561	6	82	end	end	NOUN
ajebi-561	6	83	chip	chip	NOUN
ajebi-561	6	84	production	production	NOUN
ajebi-561	6	85	has	have	AUX
ajebi-561	6	86	been	be	AUX
ajebi-561	6	87	obstructed	obstruct	VERB
ajebi-561	6	88	once	once	ADV
ajebi-561	6	89	again	again	ADV
ajebi-561	6	90	.	.	PUNCT
ajebi-561	7	1	since	since	SCONJ
ajebi-561	7	2	2018	2018	NUM
ajebi-561	7	3	,	,	PUNCT
ajebi-561	7	4	the	the	DET
ajebi-561	7	5	united	united	PROPN
ajebi-561	7	6	states	states	PROPN
ajebi-561	7	7	has	have	AUX
ajebi-561	7	8	levied	levy	VERB
ajebi-561	7	9	penalties	penalty	NOUN
ajebi-561	7	10	on	on	ADP
ajebi-561	7	11	china	china	PROPN
ajebi-561	7	12	in	in	ADP
ajebi-561	7	13	the	the	DET
ajebi-561	7	14	high	high	ADJ
ajebi-561	7	15	-	-	PUNCT
ajebi-561	7	16	tech	tech	NOUN
ajebi-561	7	17	sector	sector	NOUN
ajebi-561	7	18	,	,	PUNCT
ajebi-561	7	19	particularly	particularly	ADV
ajebi-561	7	20	in	in	ADP
ajebi-561	7	21	the	the	DET
ajebi-561	7	22	semiconductor	semiconductor	NOUN
ajebi-561	7	23	industry	industry	NOUN
ajebi-561	7	24	.	.	PUNCT
ajebi-561	8	1	in	in	ADP
ajebi-561	8	2	april	april	PROPN
ajebi-561	8	3	2018	2018	NUM
ajebi-561	8	4	,	,	PUNCT
ajebi-561	8	5	when	when	SCONJ
ajebi-561	8	6	the	the	DET
ajebi-561	8	7	sino	sino	ADJ
ajebi-561	8	8	-	-	PUNCT
ajebi-561	8	9	us	us	PROPN
ajebi-561	8	10	trade	trade	NOUN
ajebi-561	8	11	war	war	NOUN
ajebi-561	8	12	began	begin	VERB
ajebi-561	8	13	,	,	PUNCT
ajebi-561	8	14	the	the	DET
ajebi-561	8	15	chinese	chinese	ADJ
ajebi-561	8	16	high	high	ADJ
ajebi-561	8	17	-	-	PUNCT
ajebi-561	8	18	tech	tech	NOUN
ajebi-561	8	19	corporation	corporation	NOUN
ajebi-561	8	20	zte	zte	PROPN
ajebi-561	8	21	was	be	AUX
ajebi-561	8	22	added	add	VERB
ajebi-561	8	23	to	to	ADP
ajebi-561	8	24	the	the	DET
ajebi-561	8	25	sanctions	sanction	NOUN
ajebi-561	8	26	list	list	NOUN
ajebi-561	8	27	.	.	PUNCT
ajebi-561	9	1	the	the	DET
ajebi-561	9	2	announcement	announcement	NOUN
ajebi-561	9	3	that	that	SCONJ
ajebi-561	9	4	huawei	huawei	PROPN
ajebi-561	9	5	was	be	AUX
ajebi-561	9	6	set	set	VERB
ajebi-561	9	7	to	to	PART
ajebi-561	9	8	be	be	AUX
ajebi-561	9	9	sanctioned	sanction	VERB
ajebi-561	9	10	was	be	AUX
ajebi-561	9	11	made	make	VERB
ajebi-561	9	12	afterwards	afterwards	ADV
ajebi-561	9	13	.	.	PUNCT
ajebi-561	10	1	during	during	ADP
ajebi-561	10	2	this	this	DET
ajebi-561	10	3	period	period	NOUN
ajebi-561	10	4	,	,	PUNCT
ajebi-561	10	5	china	china	PROPN
ajebi-561	10	6	grasped	grasp	VERB
ajebi-561	10	7	the	the	DET
ajebi-561	10	8	significance	significance	NOUN
ajebi-561	10	9	of	of	ADP
ajebi-561	10	10	independent	independent	ADJ
ajebi-561	10	11	research	research	NOUN
ajebi-561	10	12	and	and	CCONJ
ajebi-561	10	13	development	development	NOUN
ajebi-561	10	14	in	in	ADP
ajebi-561	10	15	the	the	DET
ajebi-561	10	16	chip	chip	NOUN
ajebi-561	10	17	industry	industry	NOUN
ajebi-561	10	18	,	,	PUNCT
ajebi-561	10	19	and	and	CCONJ
ajebi-561	10	20	progressively	progressively	ADV
ajebi-561	10	21	boosted	boost	VERB
ajebi-561	10	22	its	its	PRON
ajebi-561	10	23	investment	investment	NOUN
ajebi-561	10	24	in	in	ADP
ajebi-561	10	25	this	this	DET
ajebi-561	10	26	sector	sector	NOUN
ajebi-561	10	27	.	.	PUNCT
ajebi-561	11	1	however	however	ADV
ajebi-561	11	2	,	,	PUNCT
ajebi-561	11	3	it	it	PRON
ajebi-561	11	4	is	be	AUX
ajebi-561	11	5	impossible	impossible	ADJ
ajebi-561	11	6	for	for	SCONJ
ajebi-561	11	7	a	a	DET
ajebi-561	11	8	single	single	ADJ
ajebi-561	11	9	nation	nation	NOUN
ajebi-561	11	10	to	to	PART
ajebi-561	11	11	overcome	overcome	VERB
ajebi-561	11	12	all	all	DET
ajebi-561	11	13	restrictions	restriction	NOUN
ajebi-561	11	14	and	and	CCONJ
ajebi-561	11	15	technologies	technology	NOUN
ajebi-561	11	16	.	.	PUNCT
ajebi-561	12	1	the	the	DET
ajebi-561	12	2	patent	patent	NOUN
ajebi-561	12	3	hurdles	hurdle	NOUN
ajebi-561	12	4	and	and	CCONJ
ajebi-561	12	5	long	long	ADJ
ajebi-561	12	6	-	-	PUNCT
ajebi-561	12	7	term	term	NOUN
ajebi-561	12	8	technological	technological	ADJ
ajebi-561	12	9	reserves	reserve	NOUN
ajebi-561	12	10	constructed	construct	VERB
ajebi-561	12	11	by	by	ADP
ajebi-561	12	12	the	the	DET
ajebi-561	12	13	united	united	PROPN
ajebi-561	12	14	states	states	PROPN
ajebi-561	12	15	and	and	CCONJ
ajebi-561	12	16	its	its	PRON
ajebi-561	12	17	allies	ally	NOUN
ajebi-561	12	18	have	have	AUX
ajebi-561	12	19	made	make	VERB
ajebi-561	12	20	it	it	PRON
ajebi-561	12	21	exceedingly	exceedingly	ADV
ajebi-561	12	22	difficult	difficult	ADJ
ajebi-561	12	23	for	for	SCONJ
ajebi-561	12	24	china	china	PROPN
ajebi-561	12	25	to	to	PART
ajebi-561	12	26	advance	advance	VERB
ajebi-561	12	27	.	.	PUNCT
ajebi-561	13	1	tsinghua	tsinghua	PROPN
ajebi-561	13	2	unigroup	unigroup	PROPN
ajebi-561	13	3	’s	’s	PART
ajebi-561	13	4	potential	potential	ADJ
ajebi-561	13	5	acquisition	acquisition	NOUN
ajebi-561	13	6	of	of	ADP
ajebi-561	13	7	tsmc	tsmc	PROPN
ajebi-561	13	8	emerged	emerge	VERB
ajebi-561	13	9	as	as	ADP
ajebi-561	13	10	a	a	DET
ajebi-561	13	11	hot	hot	ADJ
ajebi-561	13	12	subject	subject	NOUN
ajebi-561	13	13	in	in	ADP
ajebi-561	13	14	chinese	chinese	ADJ
ajebi-561	13	15	society	society	NOUN
ajebi-561	13	16	as	as	ADV
ajebi-561	13	17	early	early	ADV
ajebi-561	13	18	as	as	ADP
ajebi-561	13	19	2017	2017	NUM
ajebi-561	13	20	,	,	PUNCT
ajebi-561	13	21	when	when	SCONJ
ajebi-561	13	22	the	the	DET
ajebi-561	13	23	trade	trade	NOUN
ajebi-561	13	24	war	war	NOUN
ajebi-561	13	25	started	start	VERB
ajebi-561	13	26	.	.	PUNCT
ajebi-561	14	1	at	at	ADP
ajebi-561	14	2	that	that	DET
ajebi-561	14	3	time	time	NOUN
ajebi-561	14	4	,	,	PUNCT
ajebi-561	14	5	china	china	PROPN
ajebi-561	14	6	’s	’s	PART
ajebi-561	14	7	capital	capital	NOUN
ajebi-561	14	8	market	market	NOUN
ajebi-561	14	9	was	be	AUX
ajebi-561	14	10	red	red	ADJ
ajebi-561	14	11	-	-	PUNCT
ajebi-561	14	12	hot	hot	ADJ
ajebi-561	14	13	,	,	PUNCT
ajebi-561	14	14	and	and	CCONJ
ajebi-561	14	15	tsinghua	tsinghua	PROPN
ajebi-561	14	16	unigroup	unigroup	PROPN
ajebi-561	14	17	’s	’s	PART
ajebi-561	14	18	aspirations	aspiration	NOUN
ajebi-561	14	19	rose	rise	VERB
ajebi-561	14	20	swiftly	swiftly	ADV
ajebi-561	14	21	following	follow	VERB
ajebi-561	14	22	many	many	ADJ
ajebi-561	14	23	large	large	ADJ
ajebi-561	14	24	-	-	PUNCT
ajebi-561	14	25	scale	scale	NOUN
ajebi-561	14	26	mergers	merger	NOUN
ajebi-561	14	27	and	and	CCONJ
ajebi-561	14	28	acquisitions	acquisition	NOUN
ajebi-561	14	29	while	while	SCONJ
ajebi-561	14	30	tsmc	tsmc	PROPN
ajebi-561	14	31	’s	’s	PART
ajebi-561	14	32	r&d	r&d	NOUN
ajebi-561	14	33	experienced	experience	VERB
ajebi-561	14	34	challenges	challenge	NOUN
ajebi-561	14	35	,	,	PUNCT
ajebi-561	14	36	and	and	CCONJ
ajebi-561	14	37	the	the	DET
ajebi-561	14	38	company	company	NOUN
ajebi-561	14	39	’s	’s	PART
ajebi-561	14	40	financial	financial	ADJ
ajebi-561	14	41	status	status	NOUN
ajebi-561	14	42	has	have	AUX
ajebi-561	14	43	varied	vary	VERB
ajebi-561	14	44	,	,	PUNCT
ajebi-561	14	45	the	the	DET
ajebi-561	14	46	relative	relative	ADJ
ajebi-561	14	47	power	power	NOUN
ajebi-561	14	48	disparity	disparity	NOUN
ajebi-561	14	49	is	be	AUX
ajebi-561	14	50	at	at	ADP
ajebi-561	14	51	its	its	PRON
ajebi-561	14	52	narrowest	narrow	ADJ
ajebi-561	14	53	.	.	PUNCT
ajebi-561	15	1	in	in	ADP
ajebi-561	15	2	truth	truth	NOUN
ajebi-561	15	3	,	,	PUNCT
ajebi-561	15	4	unigroup	unigroup	NOUN
ajebi-561	15	5	did	do	AUX
ajebi-561	15	6	suggest	suggest	VERB
ajebi-561	15	7	a	a	DET
ajebi-561	15	8	proposal	proposal	NOUN
ajebi-561	15	9	to	to	PART
ajebi-561	15	10	purchase	purchase	VERB
ajebi-561	15	11	tsmc	tsmc	PRON
ajebi-561	15	12	,	,	PUNCT
ajebi-561	15	13	but	but	CCONJ
ajebi-561	15	14	it	it	PRON
ajebi-561	15	15	was	be	AUX
ajebi-561	15	16	unsuccessful	unsuccessful	ADJ
ajebi-561	15	17	for	for	ADP
ajebi-561	15	18	a	a	DET
ajebi-561	15	19	variety	variety	NOUN
ajebi-561	15	20	of	of	ADP
ajebi-561	15	21	complex	complex	ADJ
ajebi-561	15	22	reasons	reason	NOUN
ajebi-561	15	23	.	.	PUNCT
ajebi-561	16	1	later	late	ADJ
ajebi-561	16	2	experts	expert	NOUN
ajebi-561	16	3	largely	largely	ADV
ajebi-561	16	4	held	hold	VERB
ajebi-561	16	5	the	the	DET
ajebi-561	16	6	opinion	opinion	NOUN
ajebi-561	16	7	that	that	SCONJ
ajebi-561	16	8	tsinghua	tsinghua	PROPN
ajebi-561	16	9	unigroup	unigroup	PROPN
ajebi-561	16	10	’s	’s	PART
ajebi-561	16	11	acquisition	acquisition	NOUN
ajebi-561	16	12	strategy	strategy	NOUN
ajebi-561	16	13	at	at	ADP
ajebi-561	16	14	the	the	DET
ajebi-561	16	15	time	time	NOUN
ajebi-561	16	16	was	be	AUX
ajebi-561	16	17	little	little	ADV
ajebi-561	16	18	more	more	ADJ
ajebi-561	16	19	than	than	ADP
ajebi-561	16	20	a	a	DET
ajebi-561	16	21	catchphrase	catchphrase	NOUN
ajebi-561	16	22	intended	intend	VERB
ajebi-561	16	23	to	to	PART
ajebi-561	16	24	boost	boost	VERB
ajebi-561	16	25	the	the	DET
ajebi-561	16	26	stock	stock	NOUN
ajebi-561	16	27	price	price	NOUN
ajebi-561	16	28	,	,	PUNCT
ajebi-561	16	29	but	but	CCONJ
ajebi-561	16	30	the	the	DET
ajebi-561	16	31	chinese	chinese	ADJ
ajebi-561	16	32	semiconductor	semiconductor	NOUN
ajebi-561	16	33	sector	sector	NOUN
ajebi-561	16	34	will	will	AUX
ajebi-561	16	35	always	always	ADV
ajebi-561	16	36	rue	rue	VERB
ajebi-561	16	37	this	this	DET
ajebi-561	16	38	botched	botched	ADJ
ajebi-561	16	39	purchase	purchase	NOUN
ajebi-561	16	40	since	since	SCONJ
ajebi-561	16	41	the	the	DET
ajebi-561	16	42	united	united	PROPN
ajebi-561	16	43	states	states	PROPN
ajebi-561	16	44	blocked	block	VERB
ajebi-561	16	45	the	the	DET
ajebi-561	16	46	advancement	advancement	NOUN
ajebi-561	16	47	of	of	ADP
ajebi-561	16	48	china	china	PROPN
ajebi-561	16	49	’s	’s	PART
ajebi-561	16	50	semiconductor	semiconductor	NOUN
ajebi-561	16	51	technology	technology	NOUN
ajebi-561	16	52	only	only	ADV
ajebi-561	16	53	one	one	NUM
ajebi-561	16	54	year	year	NOUN
ajebi-561	16	55	later	later	ADV
ajebi-561	16	56	.	.	PUNCT
ajebi-561	17	1	tsmc	tsmc	PROPN
ajebi-561	17	2	’s	’s	PART
ajebi-561	17	3	condition	condition	NOUN
ajebi-561	17	4	also	also	ADV
ajebi-561	17	5	got	get	VERB
ajebi-561	17	6	better	well	ADJ
ajebi-561	17	7	at	at	ADP
ajebi-561	17	8	the	the	DET
ajebi-561	17	9	same	same	ADJ
ajebi-561	17	10	time	time	NOUN
ajebi-561	17	11	,	,	PUNCT
ajebi-561	17	12	overtaking	overtake	VERB
ajebi-561	17	13	samsung	samsung	PROPN
ajebi-561	17	14	and	and	CCONJ
ajebi-561	17	15	slowly	slowly	ADV
ajebi-561	17	16	growing	grow	VERB
ajebi-561	17	17	to	to	PART
ajebi-561	17	18	become	become	VERB
ajebi-561	17	19	the	the	DET
ajebi-561	17	20	biggest	big	ADJ
ajebi-561	17	21	chip	chip	NOUN
ajebi-561	17	22	manufacturer	manufacturer	NOUN
ajebi-561	17	23	in	in	ADP
ajebi-561	17	24	the	the	DET
ajebi-561	17	25	world	world	NOUN
ajebi-561	17	26	.	.	PUNCT
ajebi-561	18	1	tsinghua	tsinghua	PROPN
ajebi-561	18	2	unigroup	unigroup	PROPN
ajebi-561	18	3	also	also	ADV
ajebi-561	18	4	experienced	experience	VERB
ajebi-561	18	5	bankruptcy	bankruptcy	NOUN
ajebi-561	18	6	as	as	ADP
ajebi-561	18	7	a	a	DET
ajebi-561	18	8	result	result	NOUN
ajebi-561	18	9	of	of	ADP
ajebi-561	18	10	bad	bad	ADJ
ajebi-561	18	11	management	management	NOUN
ajebi-561	18	12	in	in	ADP
ajebi-561	18	13	the	the	DET
ajebi-561	18	14	latter	latter	ADJ
ajebi-561	18	15	years	year	NOUN
ajebi-561	18	16	,	,	PUNCT
ajebi-561	18	17	which	which	PRON
ajebi-561	18	18	is	be	AUX
ajebi-561	18	19	something	something	PRON
ajebi-561	18	20	that	that	PRON
ajebi-561	18	21	makes	make	VERB
ajebi-561	18	22	one	one	NUM
ajebi-561	18	23	groan	groan	NOUN
ajebi-561	18	24	.	.	PUNCT
ajebi-561	19	1	although	although	SCONJ
ajebi-561	19	2	history	history	NOUN
ajebi-561	19	3	can	can	AUX
ajebi-561	19	4	not	not	PART
ajebi-561	19	5	be	be	AUX
ajebi-561	19	6	assumed	assume	VERB
ajebi-561	19	7	,	,	PUNCT
ajebi-561	19	8	it	it	PRON
ajebi-561	19	9	may	may	AUX
ajebi-561	19	10	be	be	AUX
ajebi-561	19	11	examined	examine	VERB
ajebi-561	19	12	.	.	PUNCT
ajebi-561	20	1	this	this	DET
ajebi-561	20	2	essay	essay	NOUN
ajebi-561	20	3	will	will	AUX
ajebi-561	20	4	go	go	VERB
ajebi-561	20	5	back	back	ADV
ajebi-561	20	6	to	to	ADP
ajebi-561	20	7	2017	2017	NUM
ajebi-561	20	8	in	in	ADP
ajebi-561	20	9	an	an	DET
ajebi-561	20	10	effort	effort	NOUN
ajebi-561	20	11	to	to	PART
ajebi-561	20	12	assess	assess	VERB
ajebi-561	20	13	the	the	DET
ajebi-561	20	14	likelihood	likelihood	NOUN
ajebi-561	20	15	and	and	CCONJ
ajebi-561	20	16	viability	viability	NOUN
ajebi-561	20	17	of	of	ADP
ajebi-561	20	18	tsinghua	tsinghua	PROPN
ajebi-561	20	19	unigroup	unigroup	PROPN
ajebi-561	20	20	acquiring	acquire	VERB
ajebi-561	20	21	tsmc	tsmc	PRON
ajebi-561	20	22	at	at	ADP
ajebi-561	20	23	that	that	DET
ajebi-561	20	24	time	time	NOUN
ajebi-561	20	25	,	,	PUNCT
ajebi-561	20	26	as	as	ADV
ajebi-561	20	27	well	well	ADV
ajebi-561	20	28	as	as	ADP
ajebi-561	20	29	to	to	PART
ajebi-561	20	30	understand	understand	VERB
ajebi-561	20	31	the	the	DET
ajebi-561	20	32	highs	high	NOUN
ajebi-561	20	33	and	and	CCONJ
ajebi-561	20	34	lows	low	NOUN
ajebi-561	20	35	and	and	CCONJ
ajebi-561	20	36	mistakes	mistake	NOUN
ajebi-561	20	37	made	make	VERB
ajebi-561	20	38	in	in	ADP
ajebi-561	20	39	the	the	DET
ajebi-561	20	40	past	past	NOUN
ajebi-561	20	41	by	by	ADP
ajebi-561	20	42	china	china	PROPN
ajebi-561	20	43	’s	’s	PART
ajebi-561	20	44	chip	chip	NOUN
ajebi-561	20	45	sector	sector	NOUN
ajebi-561	20	46	.	.	PUNCT
ajebi-561	21	1	readers	reader	NOUN
ajebi-561	21	2	will	will	AUX
ajebi-561	21	3	better	well	ADV
ajebi-561	21	4	grasp	grasp	VERB
ajebi-561	21	5	the	the	DET
ajebi-561	21	6	particular	particular	ADJ
ajebi-561	21	7	m&a	m&a	PROPN
ajebi-561	21	8	data	datum	NOUN
ajebi-561	21	9	and	and	CCONJ
ajebi-561	21	10	financial	financial	ADJ
ajebi-561	21	11	analysis	analysis	NOUN
ajebi-561	21	12	by	by	ADP
ajebi-561	21	13	understanding	understand	VERB
ajebi-561	21	14	the	the	DET
ajebi-561	21	15	analysis	analysis	NOUN
ajebi-561	21	16	of	of	ADP
ajebi-561	21	17	this	this	DET
ajebi-561	21	18	paper	paper	NOUN
ajebi-561	21	19	’s	’s	PART
ajebi-561	21	20	study	study	NOUN
ajebi-561	21	21	of	of	ADP
ajebi-561	21	22	the	the	DET
ajebi-561	21	23	two	two	NUM
ajebi-561	21	24	firms	firm	NOUN
ajebi-561	21	25	’	'	PUNCT
ajebi-561	21	26	financial	financial	ADJ
ajebi-561	21	27	standing	standing	NOUN
ajebi-561	21	28	.	.	PUNCT
ajebi-561	22	1	literature	literature	NOUN
ajebi-561	22	2	review	review	VERB
ajebi-561	22	3	many	many	ADJ
ajebi-561	22	4	east	east	ADJ
ajebi-561	22	5	asian	asian	ADJ
ajebi-561	22	6	nations	nation	NOUN
ajebi-561	22	7	and	and	CCONJ
ajebi-561	22	8	regions	region	NOUN
ajebi-561	22	9	,	,	PUNCT
ajebi-561	22	10	including	include	VERB
ajebi-561	22	11	south	south	PROPN
ajebi-561	22	12	korea	korea	PROPN
ajebi-561	22	13	,	,	PUNCT
ajebi-561	22	14	japan	japan	PROPN
ajebi-561	22	15	,	,	PUNCT
ajebi-561	22	16	singapore	singapore	PROPN
ajebi-561	22	17	,	,	PUNCT
ajebi-561	22	18	and	and	CCONJ
ajebi-561	22	19	taiwan	taiwan	PROPN
ajebi-561	22	20	,	,	PUNCT
ajebi-561	22	21	have	have	AUX
ajebi-561	22	22	implemented	implement	VERB
ajebi-561	22	23	aggressive	aggressive	ADJ
ajebi-561	22	24	industrial	industrial	ADJ
ajebi-561	22	25	policies	policy	NOUN
ajebi-561	22	26	and	and	CCONJ
ajebi-561	22	27	pursued	pursue	VERB
ajebi-561	22	28	export	export	NOUN
ajebi-561	22	29	-	-	PUNCT
ajebi-561	22	30	oriented	orient	VERB
ajebi-561	22	31	strategies	strategy	NOUN
ajebi-561	22	32	since	since	SCONJ
ajebi-561	22	33	the	the	DET
ajebi-561	22	34	1970s	1970s	NUM
ajebi-561	22	35	.	.	PUNCT
ajebi-561	23	1	these	these	DET
ajebi-561	23	2	economies	economy	NOUN
ajebi-561	23	3	’	'	PUNCT
ajebi-561	23	4	ability	ability	NOUN
ajebi-561	23	5	to	to	PART
ajebi-561	23	6	catch	catch	VERB
ajebi-561	23	7	up	up	ADP
ajebi-561	23	8	is	be	AUX
ajebi-561	23	9	dependent	dependent	ADJ
ajebi-561	23	10	on	on	ADP
ajebi-561	23	11	their	their	PRON
ajebi-561	23	12	quick	quick	ADJ
ajebi-561	23	13	understanding	understanding	NOUN
ajebi-561	23	14	of	of	ADP
ajebi-561	23	15	the	the	DET
ajebi-561	23	16	sophisticated	sophisticated	ADJ
ajebi-561	23	17	western	western	ADJ
ajebi-561	23	18	underpinnings	underpinning	NOUN
ajebi-561	23	19	after	after	ADP
ajebi-561	23	20	initially	initially	ADV
ajebi-561	23	21	copying	copy	VERB
ajebi-561	23	22	them	they	PRON
ajebi-561	23	23	(	(	PUNCT
ajebi-561	23	24	hobday	hobday	PROPN
ajebi-561	23	25	,	,	PUNCT
ajebi-561	23	26	1998	1998	NUM
ajebi-561	23	27	;	;	PUNCT
ajebi-561	23	28	mathews	mathews	PROPN
ajebi-561	23	29	&	&	CCONJ
ajebi-561	23	30	cho	cho	PROPN
ajebi-561	23	31	,	,	PUNCT
ajebi-561	23	32	1999	1999	NUM
ajebi-561	23	33	;	;	PUNCT
ajebi-561	23	34	edgington	edgington	PROPN
ajebi-561	23	35	&	&	CCONJ
ajebi-561	23	36	hayter	hayter	PROPN
ajebi-561	23	37	,	,	PUNCT
ajebi-561	23	38	2000	2000	NUM
ajebi-561	23	39	)	)	PUNCT
ajebi-561	23	40	.	.	PUNCT
ajebi-561	24	1	one	one	NUM
ajebi-561	24	2	industrial	industrial	ADJ
ajebi-561	24	3	park	park	NOUN
ajebi-561	24	4	after	after	ADP
ajebi-561	24	5	another	another	PRON
ajebi-561	24	6	has	have	AUX
ajebi-561	24	7	been	be	AUX
ajebi-561	24	8	built	build	VERB
ajebi-561	24	9	in	in	ADP
ajebi-561	24	10	these	these	DET
ajebi-561	24	11	nations	nation	NOUN
ajebi-561	24	12	,	,	PUNCT
ajebi-561	24	13	amassing	amass	VERB
ajebi-561	24	14	manpower	manpower	NOUN
ajebi-561	24	15	,	,	PUNCT
ajebi-561	24	16	money	money	NOUN
ajebi-561	24	17	,	,	PUNCT
ajebi-561	24	18	technology	technology	NOUN
ajebi-561	24	19	,	,	PUNCT
ajebi-561	24	20	and	and	CCONJ
ajebi-561	24	21	management	management	NOUN
ajebi-561	24	22	from	from	ADP
ajebi-561	24	23	labor	labor	NOUN
ajebi-561	24	24	-	-	PUNCT
ajebi-561	24	25	intensive	intensive	ADJ
ajebi-561	24	26	sectors	sector	NOUN
ajebi-561	24	27	as	as	SCONJ
ajebi-561	24	28	they	they	PRON
ajebi-561	24	29	move	move	VERB
ajebi-561	24	30	toward	toward	ADP
ajebi-561	24	31	capital	capital	NOUN
ajebi-561	24	32	and	and	CCONJ
ajebi-561	24	33	knowledge	knowledge	NOUN
ajebi-561	24	34	-	-	PUNCT
ajebi-561	24	35	intensive	intensive	ADJ
ajebi-561	24	36	ones	one	NOUN
ajebi-561	24	37	.	.	PUNCT
ajebi-561	25	1	the	the	DET
ajebi-561	25	2	success	success	NOUN
ajebi-561	25	3	of	of	ADP
ajebi-561	25	4	this	this	DET
ajebi-561	25	5	agglomeration	agglomeration	NOUN
ajebi-561	25	6	economy	economy	NOUN
ajebi-561	25	7	is	be	AUX
ajebi-561	25	8	discussed	discuss	VERB
ajebi-561	25	9	by	by	ADP
ajebi-561	25	10	mccann	mccann	PROPN
ajebi-561	25	11	and	and	CCONJ
ajebi-561	25	12	arita	arita	PROPN
ajebi-561	25	13	(	(	PUNCT
ajebi-561	25	14	2006	2006	NUM
ajebi-561	25	15	)	)	PUNCT
ajebi-561	25	16	,	,	PUNCT
ajebi-561	25	17	who	who	PRON
ajebi-561	25	18	also	also	ADV
ajebi-561	25	19	explain	explain	VERB
ajebi-561	25	20	the	the	DET
ajebi-561	25	21	function	function	NOUN
ajebi-561	25	22	of	of	ADP
ajebi-561	25	23	economic	economic	ADJ
ajebi-561	25	24	industrial	industrial	ADJ
ajebi-561	25	25	parks	park	NOUN
ajebi-561	25	26	in	in	ADP
ajebi-561	25	27	late	late	ADV
ajebi-561	25	28	-	-	PUNCT
ajebi-561	25	29	developing	develop	VERB
ajebi-561	25	30	nations	nation	NOUN
ajebi-561	25	31	.	.	PUNCT
ajebi-561	26	1	the	the	DET
ajebi-561	26	2	taiwanese	taiwanese	ADJ
ajebi-561	26	3	government	government	NOUN
ajebi-561	26	4	has	have	AUX
ajebi-561	26	5	effectively	effectively	ADV
ajebi-561	26	6	built	build	VERB
ajebi-561	26	7	a	a	DET
ajebi-561	26	8	chip	chip	NOUN
ajebi-561	26	9	manufacturing	manufacturing	NOUN
ajebi-561	26	10	industry	industry	NOUN
ajebi-561	26	11	chain	chain	NOUN
ajebi-561	26	12	by	by	ADP
ajebi-561	26	13	combining	combine	VERB
ajebi-561	26	14	r&d	r&d	NOUN
ajebi-561	26	15	,	,	PUNCT
ajebi-561	26	16	design	design	NOUN
ajebi-561	26	17	,	,	PUNCT
ajebi-561	26	18	and	and	CCONJ
ajebi-561	26	19	production	production	NOUN
ajebi-561	26	20	using	use	VERB
ajebi-561	26	21	reverse	reverse	ADJ
ajebi-561	26	22	engineering	engineering	NOUN
ajebi-561	26	23	models	model	NOUN
ajebi-561	26	24	.	.	PUNCT
ajebi-561	27	1	knowledge	knowledge	NOUN
ajebi-561	27	2	transfer	transfer	NOUN
ajebi-561	27	3	from	from	ADP
ajebi-561	27	4	a	a	DET
ajebi-561	27	5	multinational	multinational	ADJ
ajebi-561	27	6	corporation	corporation	NOUN
ajebi-561	27	7	’s	’s	PART
ajebi-561	27	8	parent	parent	NOUN
ajebi-561	27	9	business	business	NOUN
ajebi-561	27	10	to	to	ADP
ajebi-561	27	11	its	its	PRON
ajebi-561	27	12	subsidiary	subsidiary	NOUN
ajebi-561	27	13	has	have	VERB
ajebi-561	27	14	a	a	DET
ajebi-561	27	15	significant	significant	ADJ
ajebi-561	27	16	positive	positive	ADJ
ajebi-561	27	17	impact	impact	NOUN
ajebi-561	27	18	https://doi.org/10.54536/ajebi.v1i3.561	https://doi.org/10.54536/ajebi.v1i3.561	NOUN
ajebi-561	27	19	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	27	20	mailto:lingkai.kong@std.izmirekonomi.edu.tr	mailto:lingkai.kong@std.izmirekonomi.edu.tr	X
ajebi-561	28	1	pa	pa	PROPN
ajebi-561	28	2	ge	ge	PROPN
ajebi-561	28	3	25	25	NUM
ajebi-561	28	4	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	28	5	am	am	NOUN
ajebi-561	28	6	.	.	PUNCT
ajebi-561	29	1	j.	j.	PROPN
ajebi-561	29	2	econ	econ	PROPN
ajebi-561	29	3	.	.	PUNCT
ajebi-561	29	4	bus	bus	PROPN
ajebi-561	29	5	.	.	PUNCT
ajebi-561	30	1	innov	innov	PROPN
ajebi-561	30	2	.	.	PUNCT
ajebi-561	31	1	1(3	1(3	NUM
ajebi-561	31	2	)	)	PUNCT
ajebi-561	31	3	24	24	NUM
ajebi-561	31	4	-	-	SYM
ajebi-561	31	5	35	35	NUM
ajebi-561	31	6	,	,	PUNCT
ajebi-561	31	7	2022	2022	NUM
ajebi-561	31	8	on	on	ADP
ajebi-561	31	9	the	the	DET
ajebi-561	31	10	local	local	ADJ
ajebi-561	31	11	economy	economy	NOUN
ajebi-561	31	12	and	and	CCONJ
ajebi-561	31	13	technology	technology	NOUN
ajebi-561	31	14	(	(	PUNCT
ajebi-561	31	15	minbaeva	minbaeva	PROPN
ajebi-561	31	16	et	et	PROPN
ajebi-561	31	17	al	al	PROPN
ajebi-561	31	18	.	.	PROPN
ajebi-561	31	19	2003	2003	NUM
ajebi-561	31	20	)	)	PUNCT
ajebi-561	31	21	.	.	PUNCT
ajebi-561	32	1	according	accord	VERB
ajebi-561	32	2	to	to	ADP
ajebi-561	32	3	baum	baum	PROPN
ajebi-561	32	4	and	and	CCONJ
ajebi-561	32	5	ingram	ingram	PROPN
ajebi-561	32	6	(	(	PUNCT
ajebi-561	32	7	1998	1998	NUM
ajebi-561	32	8	)	)	PUNCT
ajebi-561	32	9	,	,	PUNCT
ajebi-561	32	10	companies	company	NOUN
ajebi-561	32	11	that	that	PRON
ajebi-561	32	12	are	be	AUX
ajebi-561	32	13	adept	adept	ADJ
ajebi-561	32	14	at	at	ADP
ajebi-561	32	15	transferring	transfer	VERB
ajebi-561	32	16	information	information	NOUN
ajebi-561	32	17	from	from	ADP
ajebi-561	32	18	one	one	NUM
ajebi-561	32	19	unit	unit	NOUN
ajebi-561	32	20	within	within	ADP
ajebi-561	32	21	a	a	DET
ajebi-561	32	22	company	company	NOUN
ajebi-561	32	23	to	to	ADP
ajebi-561	32	24	another	another	PRON
ajebi-561	32	25	are	be	AUX
ajebi-561	32	26	more	more	ADV
ajebi-561	32	27	productive	productive	ADJ
ajebi-561	32	28	than	than	ADP
ajebi-561	32	29	those	those	PRON
ajebi-561	32	30	that	that	PRON
ajebi-561	32	31	do	do	VERB
ajebi-561	32	32	not	not	PART
ajebi-561	32	33	.	.	PUNCT
ajebi-561	33	1	the	the	DET
ajebi-561	33	2	movement	movement	NOUN
ajebi-561	33	3	of	of	ADP
ajebi-561	33	4	engineers	engineer	NOUN
ajebi-561	33	5	between	between	ADP
ajebi-561	33	6	businesses	business	NOUN
ajebi-561	33	7	may	may	AUX
ajebi-561	33	8	help	help	VERB
ajebi-561	33	9	knowledge	knowledge	NOUN
ajebi-561	33	10	transfer	transfer	NOUN
ajebi-561	33	11	and	and	CCONJ
ajebi-561	33	12	innovation	innovation	NOUN
ajebi-561	33	13	in	in	ADP
ajebi-561	33	14	the	the	DET
ajebi-561	33	15	us	us	PROPN
ajebi-561	33	16	semiconductor	semiconductor	NOUN
ajebi-561	33	17	sector	sector	NOUN
ajebi-561	33	18	,	,	PUNCT
ajebi-561	33	19	according	accord	VERB
ajebi-561	33	20	to	to	ADP
ajebi-561	33	21	almeida	almeida	PROPN
ajebi-561	33	22	and	and	CCONJ
ajebi-561	33	23	kogut	kogut	PROPN
ajebi-561	33	24	(	(	PUNCT
ajebi-561	33	25	1999	1999	NUM
ajebi-561	33	26	)	)	PUNCT
ajebi-561	33	27	.	.	PUNCT
ajebi-561	34	1	this	this	DET
ajebi-561	34	2	phase	phase	NOUN
ajebi-561	34	3	of	of	ADP
ajebi-561	34	4	knowledge	knowledge	NOUN
ajebi-561	34	5	-	-	PUNCT
ajebi-561	34	6	based	base	VERB
ajebi-561	34	7	economic	economic	ADJ
ajebi-561	34	8	transfer	transfer	NOUN
ajebi-561	34	9	has	have	AUX
ajebi-561	34	10	benefited	benefit	VERB
ajebi-561	34	11	the	the	DET
ajebi-561	34	12	east	east	PROPN
ajebi-561	34	13	asian	asian	PROPN
ajebi-561	34	14	model	model	PROPN
ajebi-561	34	15	’s	’s	PART
ajebi-561	34	16	use	use	NOUN
ajebi-561	34	17	of	of	ADP
ajebi-561	34	18	this	this	DET
ajebi-561	34	19	very	very	ADV
ajebi-561	34	20	effective	effective	ADJ
ajebi-561	34	21	organization	organization	NOUN
ajebi-561	34	22	.	.	PUNCT
ajebi-561	35	1	although	although	SCONJ
ajebi-561	35	2	there	there	PRON
ajebi-561	35	3	are	be	VERB
ajebi-561	35	4	significant	significant	ADJ
ajebi-561	35	5	country	country	NOUN
ajebi-561	35	6	variances	variance	NOUN
ajebi-561	35	7	,	,	PUNCT
ajebi-561	35	8	multinational	multinational	ADJ
ajebi-561	35	9	firms	firm	NOUN
ajebi-561	35	10	and	and	CCONJ
ajebi-561	35	11	their	their	PRON
ajebi-561	35	12	local	local	ADJ
ajebi-561	35	13	affiliates	affiliate	NOUN
ajebi-561	35	14	play	play	VERB
ajebi-561	35	15	a	a	DET
ajebi-561	35	16	significant	significant	ADJ
ajebi-561	35	17	part	part	NOUN
ajebi-561	35	18	in	in	ADP
ajebi-561	35	19	these	these	DET
ajebi-561	35	20	strategies	strategy	NOUN
ajebi-561	35	21	.	.	PUNCT
ajebi-561	36	1	in	in	ADP
ajebi-561	36	2	this	this	DET
ajebi-561	36	3	sense	sense	NOUN
ajebi-561	36	4	,	,	PUNCT
ajebi-561	36	5	the	the	DET
ajebi-561	36	6	experiences	experience	NOUN
ajebi-561	36	7	of	of	ADP
ajebi-561	36	8	korea	korea	PROPN
ajebi-561	36	9	and	and	CCONJ
ajebi-561	36	10	taiwan	taiwan	PROPN
ajebi-561	36	11	are	be	AUX
ajebi-561	36	12	particularly	particularly	ADV
ajebi-561	36	13	instructive	instructive	ADJ
ajebi-561	36	14	(	(	PUNCT
ajebi-561	36	15	biggart	biggart	ADJ
ajebi-561	36	16	,	,	PUNCT
ajebi-561	36	17	1996	1996	NUM
ajebi-561	36	18	;	;	PUNCT
ajebi-561	36	19	poon	poon	NOUN
ajebi-561	36	20	et	et	NOUN
ajebi-561	36	21	al	al	PROPN
ajebi-561	36	22	.	.	PROPN
ajebi-561	36	23	,	,	PUNCT
ajebi-561	36	24	2006	2006	NUM
ajebi-561	36	25	)	)	PUNCT
ajebi-561	36	26	.	.	PUNCT
ajebi-561	37	1	the	the	DET
ajebi-561	37	2	government	government	NOUN
ajebi-561	37	3	of	of	ADP
ajebi-561	37	4	taiwan	taiwan	PROPN
ajebi-561	37	5	adopted	adopt	VERB
ajebi-561	37	6	a	a	DET
ajebi-561	37	7	strategy	strategy	NOUN
ajebi-561	37	8	to	to	PART
ajebi-561	37	9	support	support	VERB
ajebi-561	37	10	and	and	CCONJ
ajebi-561	37	11	stimulate	stimulate	VERB
ajebi-561	37	12	the	the	DET
ajebi-561	37	13	chip	chip	NOUN
ajebi-561	37	14	manufacturing	manufacturing	NOUN
ajebi-561	37	15	sector	sector	NOUN
ajebi-561	37	16	at	at	ADP
ajebi-561	37	17	the	the	DET
ajebi-561	37	18	right	right	ADJ
ajebi-561	37	19	moment	moment	NOUN
ajebi-561	37	20	.	.	PUNCT
ajebi-561	38	1	the	the	DET
ajebi-561	38	2	representative	representative	ADJ
ajebi-561	38	3	one	one	NOUN
ajebi-561	38	4	is	be	AUX
ajebi-561	38	5	tsmc	tsmc	PROPN
ajebi-561	38	6	.	.	PUNCT
ajebi-561	39	1	at	at	ADP
ajebi-561	39	2	the	the	DET
ajebi-561	39	3	outset	outset	NOUN
ajebi-561	39	4	of	of	ADP
ajebi-561	39	5	its	its	PRON
ajebi-561	39	6	existence	existence	NOUN
ajebi-561	39	7	,	,	PUNCT
ajebi-561	39	8	tsmc	tsmc	PROPN
ajebi-561	39	9	ignored	ignore	VERB
ajebi-561	39	10	the	the	DET
ajebi-561	39	11	highly	highly	ADV
ajebi-561	39	12	competitive	competitive	ADJ
ajebi-561	39	13	chip	chip	NOUN
ajebi-561	39	14	r&d	r&d	NOUN
ajebi-561	39	15	and	and	CCONJ
ajebi-561	39	16	design	design	NOUN
ajebi-561	39	17	fields	field	NOUN
ajebi-561	39	18	and	and	CCONJ
ajebi-561	39	19	instead	instead	ADV
ajebi-561	39	20	concentrated	concentrate	VERB
ajebi-561	39	21	on	on	ADP
ajebi-561	39	22	production	production	NOUN
ajebi-561	39	23	(	(	PUNCT
ajebi-561	39	24	tsai	tsai	PROPN
ajebi-561	39	25	&	&	CCONJ
ajebi-561	39	26	cheng	cheng	PROPN
ajebi-561	39	27	,	,	PUNCT
ajebi-561	39	28	2006	2006	NUM
ajebi-561	39	29	;	;	PUNCT
ajebi-561	39	30	chang	chang	PROPN
ajebi-561	39	31	,	,	PUNCT
ajebi-561	39	32	2011	2011	NUM
ajebi-561	39	33	)	)	PUNCT
ajebi-561	39	34	.	.	PUNCT
ajebi-561	40	1	it	it	PRON
ajebi-561	40	2	preserves	preserve	VERB
ajebi-561	40	3	limited	limited	ADJ
ajebi-561	40	4	money	money	NOUN
ajebi-561	40	5	to	to	PART
ajebi-561	40	6	invest	invest	VERB
ajebi-561	40	7	in	in	ADP
ajebi-561	40	8	the	the	DET
ajebi-561	40	9	most	most	ADV
ajebi-561	40	10	vital	vital	ADJ
ajebi-561	40	11	sectors	sector	NOUN
ajebi-561	40	12	,	,	PUNCT
ajebi-561	40	13	while	while	SCONJ
ajebi-561	40	14	avoiding	avoid	VERB
ajebi-561	40	15	competition	competition	NOUN
ajebi-561	40	16	with	with	ADP
ajebi-561	40	17	its	its	PRON
ajebi-561	40	18	own	own	ADJ
ajebi-561	40	19	upstream	upstream	ADJ
ajebi-561	40	20	and	and	CCONJ
ajebi-561	40	21	downstream	downstream	ADJ
ajebi-561	40	22	clients	client	NOUN
ajebi-561	40	23	.	.	PUNCT
ajebi-561	41	1	the	the	DET
ajebi-561	41	2	success	success	NOUN
ajebi-561	41	3	of	of	ADP
ajebi-561	41	4	latecomers	latecomer	NOUN
ajebi-561	41	5	hinges	hinge	NOUN
ajebi-561	41	6	on	on	ADP
ajebi-561	41	7	their	their	PRON
ajebi-561	41	8	ability	ability	NOUN
ajebi-561	41	9	to	to	PART
ajebi-561	41	10	modify	modify	VERB
ajebi-561	41	11	the	the	DET
ajebi-561	41	12	demand	demand	NOUN
ajebi-561	41	13	for	for	ADP
ajebi-561	41	14	and	and	CCONJ
ajebi-561	41	15	usage	usage	NOUN
ajebi-561	41	16	of	of	ADP
ajebi-561	41	17	costly	costly	ADJ
ajebi-561	41	18	capital	capital	NOUN
ajebi-561	41	19	equipment	equipment	NOUN
ajebi-561	41	20	in	in	ADP
ajebi-561	41	21	sophisticated	sophisticated	ADJ
ajebi-561	41	22	ways	way	NOUN
ajebi-561	41	23	in	in	ADP
ajebi-561	41	24	response	response	NOUN
ajebi-561	41	25	to	to	ADP
ajebi-561	41	26	market	market	NOUN
ajebi-561	41	27	volatility	volatility	NOUN
ajebi-561	41	28	and	and	CCONJ
ajebi-561	41	29	fluctuating	fluctuate	VERB
ajebi-561	41	30	customer	customer	NOUN
ajebi-561	41	31	requirements	requirement	NOUN
ajebi-561	41	32	(	(	PUNCT
ajebi-561	41	33	winston	winston	NOUN
ajebi-561	41	34	,	,	PUNCT
ajebi-561	41	35	1974	1974	NUM
ajebi-561	41	36	;	;	PUNCT
ajebi-561	41	37	chien	chien	PROPN
ajebi-561	41	38	et	et	PROPN
ajebi-561	41	39	al	al	PROPN
ajebi-561	41	40	.	.	PROPN
ajebi-561	41	41	,	,	PUNCT
ajebi-561	41	42	2009	2009	NUM
ajebi-561	41	43	)	)	PUNCT
ajebi-561	41	44	.	.	PUNCT
ajebi-561	42	1	scholars	scholar	NOUN
ajebi-561	42	2	have	have	AUX
ajebi-561	42	3	determined	determine	VERB
ajebi-561	42	4	that	that	SCONJ
ajebi-561	42	5	this	this	PRON
ajebi-561	42	6	is	be	AUX
ajebi-561	42	7	tsmc	tsmc	PROPN
ajebi-561	42	8	’s	’s	PART
ajebi-561	42	9	greatest	great	ADJ
ajebi-561	42	10	edge	edge	NOUN
ajebi-561	42	11	against	against	ADP
ajebi-561	42	12	samsung	samsung	PROPN
ajebi-561	42	13	of	of	ADP
ajebi-561	42	14	south	south	PROPN
ajebi-561	42	15	korea	korea	PROPN
ajebi-561	42	16	.	.	PUNCT
ajebi-561	43	1	because	because	SCONJ
ajebi-561	43	2	tsmc	tsmc	PROPN
ajebi-561	43	3	would	would	AUX
ajebi-561	43	4	not	not	PART
ajebi-561	43	5	compete	compete	VERB
ajebi-561	43	6	with	with	ADP
ajebi-561	43	7	them	they	PRON
ajebi-561	43	8	for	for	ADP
ajebi-561	43	9	business	business	NOUN
ajebi-561	43	10	,	,	PUNCT
ajebi-561	43	11	samsung	samsung	PROPN
ajebi-561	43	12	’s	’s	PART
ajebi-561	43	13	us	us	PROPN
ajebi-561	43	14	partners	partner	NOUN
ajebi-561	43	15	are	be	AUX
ajebi-561	43	16	compelled	compel	VERB
ajebi-561	43	17	to	to	PART
ajebi-561	43	18	move	move	VERB
ajebi-561	43	19	certain	certain	ADJ
ajebi-561	43	20	orders	order	NOUN
ajebi-561	43	21	to	to	ADP
ajebi-561	43	22	tsmc	tsmc	PROPN
ajebi-561	43	23	.	.	PUNCT
ajebi-561	44	1	tsmc	tsmc	PROPN
ajebi-561	44	2	’s	’s	PART
ajebi-561	44	3	rise	rise	NOUN
ajebi-561	44	4	demonstrates	demonstrate	VERB
ajebi-561	44	5	the	the	DET
ajebi-561	44	6	role	role	NOUN
ajebi-561	44	7	of	of	ADP
ajebi-561	44	8	latecomers	latecomer	NOUN
ajebi-561	44	9	as	as	ADP
ajebi-561	44	10	creative	creative	ADJ
ajebi-561	44	11	local	local	ADJ
ajebi-561	44	12	players	player	NOUN
ajebi-561	44	13	(	(	PUNCT
ajebi-561	44	14	hsu	hsu	PROPN
ajebi-561	44	15	,	,	PUNCT
ajebi-561	44	16	2012	2012	NUM
ajebi-561	44	17	)	)	PUNCT
ajebi-561	44	18	,	,	PUNCT
ajebi-561	44	19	replacing	replace	VERB
ajebi-561	44	20	the	the	DET
ajebi-561	44	21	original	original	ADJ
ajebi-561	44	22	dominance	dominance	NOUN
ajebi-561	44	23	of	of	ADP
ajebi-561	44	24	mncs	mncs	PROPN
ajebi-561	44	25	in	in	ADP
ajebi-561	44	26	taiwan	taiwan	PROPN
ajebi-561	44	27	and	and	CCONJ
ajebi-561	44	28	moving	move	VERB
ajebi-561	44	29	the	the	DET
ajebi-561	44	30	nation	nation	NOUN
ajebi-561	44	31	’s	’s	PART
ajebi-561	44	32	operations	operation	NOUN
ajebi-561	44	33	away	away	ADV
ajebi-561	44	34	from	from	ADP
ajebi-561	44	35	low	low	ADJ
ajebi-561	44	36	-	-	PUNCT
ajebi-561	44	37	cost	cost	NOUN
ajebi-561	44	38	production	production	NOUN
ajebi-561	44	39	of	of	ADP
ajebi-561	44	40	standardized	standardized	ADJ
ajebi-561	44	41	electronics	electronic	NOUN
ajebi-561	44	42	,	,	PUNCT
ajebi-561	44	43	transitioning	transition	VERB
ajebi-561	44	44	to	to	ADP
ajebi-561	44	45	value	value	NOUN
ajebi-561	44	46	-	-	PUNCT
ajebi-561	44	47	added	add	VERB
ajebi-561	44	48	manufacturing	manufacturing	NOUN
ajebi-561	44	49	based	base	VERB
ajebi-561	44	50	on	on	ADP
ajebi-561	44	51	r&d	r&d	PROPN
ajebi-561	44	52	(	(	PUNCT
ajebi-561	44	53	wu	wu	PROPN
ajebi-561	44	54	et	et	PROPN
ajebi-561	44	55	al	al	PROPN
ajebi-561	44	56	.	.	PROPN
ajebi-561	44	57	,	,	PUNCT
ajebi-561	44	58	2006	2006	NUM
ajebi-561	44	59	;	;	PUNCT
ajebi-561	44	60	lee	lee	PROPN
ajebi-561	44	61	&	&	CCONJ
ajebi-561	44	62	pecht	pecht	PROPN
ajebi-561	44	63	,	,	PUNCT
ajebi-561	44	64	2020	2020	NUM
ajebi-561	44	65	)	)	PUNCT
ajebi-561	44	66	.	.	PUNCT
ajebi-561	45	1	heikal	heikal	NOUN
ajebi-561	45	2	et	et	PROPN
ajebi-561	45	3	al	al	PROPN
ajebi-561	45	4	.	.	PROPN
ajebi-561	46	1	(	(	PUNCT
ajebi-561	46	2	2014	2014	NUM
ajebi-561	46	3	)	)	PUNCT
ajebi-561	46	4	evaluated	evaluate	VERB
ajebi-561	46	5	indonesian	indonesian	ADJ
ajebi-561	46	6	stocks	stock	NOUN
ajebi-561	46	7	using	use	VERB
ajebi-561	46	8	return	return	NOUN
ajebi-561	46	9	on	on	ADP
ajebi-561	46	10	assets	asset	NOUN
ajebi-561	46	11	(	(	PUNCT
ajebi-561	46	12	roa	roa	NOUN
ajebi-561	46	13	)	)	PUNCT
ajebi-561	46	14	,	,	PUNCT
ajebi-561	46	15	return	return	VERB
ajebi-561	46	16	on	on	ADP
ajebi-561	46	17	equity	equity	NOUN
ajebi-561	46	18	(	(	PUNCT
ajebi-561	46	19	roe	roe	PROPN
ajebi-561	46	20	)	)	PUNCT
ajebi-561	46	21	,	,	PUNCT
ajebi-561	47	1	net	net	ADJ
ajebi-561	47	2	profit	profit	NOUN
ajebi-561	47	3	margin	margin	NOUN
ajebi-561	47	4	(	(	PUNCT
ajebi-561	47	5	npm	npm	PROPN
ajebi-561	47	6	)	)	PUNCT
ajebi-561	47	7	,	,	PUNCT
ajebi-561	47	8	debt	debt	NOUN
ajebi-561	47	9	to	to	ADP
ajebi-561	47	10	equity	equity	NOUN
ajebi-561	47	11	ratio	ratio	NOUN
ajebi-561	47	12	(	(	PUNCT
ajebi-561	47	13	der	der	NOUN
ajebi-561	47	14	)	)	PUNCT
ajebi-561	47	15	,	,	PUNCT
ajebi-561	47	16	and	and	CCONJ
ajebi-561	47	17	current	current	ADJ
ajebi-561	47	18	ratio	ratio	NOUN
ajebi-561	47	19	(	(	PUNCT
ajebi-561	47	20	cr	cr	NOUN
ajebi-561	47	21	)	)	PUNCT
ajebi-561	47	22	as	as	ADP
ajebi-561	47	23	exchange	exchange	NOUN
ajebi-561	47	24	and	and	CCONJ
ajebi-561	47	25	profit	profit	NOUN
ajebi-561	47	26	growth	growth	NOUN
ajebi-561	47	27	indicators	indicator	NOUN
ajebi-561	47	28	.	.	PUNCT
ajebi-561	48	1	kothari	kothari	PROPN
ajebi-561	48	2	and	and	CCONJ
ajebi-561	48	3	ball	ball	PROPN
ajebi-561	48	4	(	(	PUNCT
ajebi-561	48	5	1994	1994	NUM
ajebi-561	48	6	)	)	PUNCT
ajebi-561	48	7	identified	identify	VERB
ajebi-561	48	8	growth	growth	NOUN
ajebi-561	48	9	,	,	PUNCT
ajebi-561	48	10	profitability	profitability	NOUN
ajebi-561	48	11	,	,	PUNCT
ajebi-561	48	12	turnover	turnover	NOUN
ajebi-561	48	13	,	,	PUNCT
ajebi-561	48	14	and	and	CCONJ
ajebi-561	48	15	financial	financial	ADJ
ajebi-561	48	16	leverage	leverage	NOUN
ajebi-561	48	17	as	as	ADP
ajebi-561	48	18	the	the	DET
ajebi-561	48	19	four	four	NUM
ajebi-561	48	20	most	most	ADV
ajebi-561	48	21	essential	essential	ADJ
ajebi-561	48	22	performance	performance	NOUN
ajebi-561	48	23	indicators	indicator	NOUN
ajebi-561	48	24	for	for	ADP
ajebi-561	48	25	a	a	DET
ajebi-561	48	26	business	business	NOUN
ajebi-561	48	27	.	.	PUNCT
ajebi-561	49	1	ozkan	ozkan	PROPN
ajebi-561	49	2	(	(	PUNCT
ajebi-561	49	3	2000	2000	NUM
ajebi-561	49	4	)	)	PUNCT
ajebi-561	49	5	investigated	investigate	VERB
ajebi-561	49	6	the	the	DET
ajebi-561	49	7	influence	influence	NOUN
ajebi-561	49	8	of	of	ADP
ajebi-561	49	9	debt	debt	NOUN
ajebi-561	49	10	structure	structure	NOUN
ajebi-561	49	11	on	on	ADP
ajebi-561	49	12	corporate	corporate	ADJ
ajebi-561	49	13	operations	operation	NOUN
ajebi-561	49	14	and	and	CCONJ
ajebi-561	49	15	decision	decision	NOUN
ajebi-561	49	16	-	-	PUNCT
ajebi-561	49	17	making	making	NOUN
ajebi-561	49	18	and	and	CCONJ
ajebi-561	49	19	his	his	PRON
ajebi-561	49	20	research	research	NOUN
ajebi-561	49	21	supported	support	VERB
ajebi-561	49	22	us	we	PRON
ajebi-561	49	23	to	to	PART
ajebi-561	49	24	use	use	VERB
ajebi-561	49	25	tsmc	tsmc	PROPN
ajebi-561	49	26	as	as	ADP
ajebi-561	49	27	a	a	DET
ajebi-561	49	28	study	study	NOUN
ajebi-561	49	29	model	model	NOUN
ajebi-561	49	30	.	.	PUNCT
ajebi-561	50	1	martin	martin	PROPN
ajebi-561	50	2	and	and	CCONJ
ajebi-561	50	3	scott	scott	PROPN
ajebi-561	50	4	(	(	PUNCT
ajebi-561	50	5	1974	1974	NUM
ajebi-561	50	6	)	)	PUNCT
ajebi-561	50	7	also	also	ADV
ajebi-561	50	8	examined	examine	VERB
ajebi-561	50	9	the	the	DET
ajebi-561	50	10	impact	impact	NOUN
ajebi-561	50	11	of	of	ADP
ajebi-561	50	12	debt	debt	NOUN
ajebi-561	50	13	-	-	PUNCT
ajebi-561	50	14	equity	equity	NOUN
ajebi-561	50	15	structure	structure	NOUN
ajebi-561	50	16	and	and	CCONJ
ajebi-561	50	17	leverage	leverage	NOUN
ajebi-561	50	18	use	use	NOUN
ajebi-561	50	19	on	on	ADP
ajebi-561	50	20	business	business	NOUN
ajebi-561	50	21	decision	decision	NOUN
ajebi-561	50	22	-	-	PUNCT
ajebi-561	50	23	making	making	NOUN
ajebi-561	50	24	.	.	PUNCT
ajebi-561	51	1	jaggi	jaggi	NOUN
ajebi-561	51	2	and	and	CCONJ
ajebi-561	51	3	gul	gul	PROPN
ajebi-561	51	4	(	(	PUNCT
ajebi-561	51	5	1999	1999	NUM
ajebi-561	51	6	)	)	PUNCT
ajebi-561	51	7	demonstrated	demonstrate	VERB
ajebi-561	51	8	that	that	SCONJ
ajebi-561	51	9	cash	cash	NOUN
ajebi-561	51	10	flow	flow	NOUN
ajebi-561	51	11	and	and	CCONJ
ajebi-561	51	12	business	business	NOUN
ajebi-561	51	13	size	size	NOUN
ajebi-561	51	14	would	would	AUX
ajebi-561	51	15	influence	influence	VERB
ajebi-561	51	16	investment	investment	NOUN
ajebi-561	51	17	decisions	decision	NOUN
ajebi-561	51	18	and	and	CCONJ
ajebi-561	51	19	preferences	preference	NOUN
ajebi-561	51	20	differently	differently	ADV
ajebi-561	51	21	when	when	SCONJ
ajebi-561	51	22	firms	firm	NOUN
ajebi-561	51	23	confront	confront	VERB
ajebi-561	51	24	debt	debt	NOUN
ajebi-561	51	25	.	.	PUNCT
ajebi-561	52	1	the	the	DET
ajebi-561	52	2	research	research	NOUN
ajebi-561	52	3	of	of	ADP
ajebi-561	52	4	newberry	newberry	PROPN
ajebi-561	52	5	and	and	CCONJ
ajebi-561	52	6	novack	novack	PROPN
ajebi-561	52	7	(	(	PUNCT
ajebi-561	52	8	1999	1999	NUM
ajebi-561	52	9	)	)	PUNCT
ajebi-561	52	10	demonstrated	demonstrate	VERB
ajebi-561	52	11	the	the	DET
ajebi-561	52	12	effect	effect	NOUN
ajebi-561	52	13	of	of	ADP
ajebi-561	52	14	government	government	NOUN
ajebi-561	52	15	taxes	taxis	NOUN
ajebi-561	52	16	on	on	ADP
ajebi-561	52	17	company	company	NOUN
ajebi-561	52	18	debt	debt	NOUN
ajebi-561	52	19	maturity	maturity	NOUN
ajebi-561	52	20	and	and	CCONJ
ajebi-561	52	21	business	business	NOUN
ajebi-561	52	22	behavior	behavior	NOUN
ajebi-561	52	23	;	;	PUNCT
ajebi-561	52	24	hence	hence	ADV
ajebi-561	52	25	,	,	PUNCT
ajebi-561	52	26	we	we	PRON
ajebi-561	52	27	infer	infer	VERB
ajebi-561	52	28	the	the	DET
ajebi-561	52	29	potential	potential	ADJ
ajebi-561	52	30	positive	positive	ADJ
ajebi-561	52	31	effect	effect	NOUN
ajebi-561	52	32	of	of	ADP
ajebi-561	52	33	china	china	PROPN
ajebi-561	52	34	’s	’s	PART
ajebi-561	52	35	tax	tax	NOUN
ajebi-561	52	36	relief	relief	NOUN
ajebi-561	52	37	policy	policy	NOUN
ajebi-561	52	38	on	on	ADP
ajebi-561	52	39	unis	unis	NOUN
ajebi-561	52	40	and	and	CCONJ
ajebi-561	52	41	tsmc	tsmc	PROPN
ajebi-561	52	42	m&a	m&a	PROPN
ajebi-561	52	43	.	.	PUNCT
ajebi-561	53	1	methodology	methodology	VERB
ajebi-561	53	2	the	the	DET
ajebi-561	53	3	data	datum	NOUN
ajebi-561	53	4	in	in	ADP
ajebi-561	53	5	this	this	DET
ajebi-561	53	6	article	article	NOUN
ajebi-561	53	7	are	be	AUX
ajebi-561	53	8	obtained	obtain	VERB
ajebi-561	53	9	from	from	ADP
ajebi-561	53	10	tsinghua	tsinghua	PROPN
ajebi-561	53	11	unigroup	unigroup	PROPN
ajebi-561	53	12	and	and	CCONJ
ajebi-561	53	13	tsmc	tsmc	PROPN
ajebi-561	53	14	’s	’s	PART
ajebi-561	53	15	public	public	ADJ
ajebi-561	53	16	information	information	NOUN
ajebi-561	53	17	releases	release	NOUN
ajebi-561	53	18	,	,	PUNCT
ajebi-561	53	19	including	include	VERB
ajebi-561	53	20	annual	annual	ADJ
ajebi-561	53	21	reports	report	NOUN
ajebi-561	53	22	of	of	ADP
ajebi-561	53	23	publicly	publicly	ADV
ajebi-561	53	24	traded	trade	VERB
ajebi-561	53	25	firms	firm	NOUN
ajebi-561	53	26	,	,	PUNCT
ajebi-561	53	27	all	all	DET
ajebi-561	53	28	data	datum	NOUN
ajebi-561	53	29	are	be	AUX
ajebi-561	53	30	provided	provide	VERB
ajebi-561	53	31	in	in	ADP
ajebi-561	53	32	excel	excel	NOUN
ajebi-561	53	33	and	and	CCONJ
ajebi-561	53	34	compared	compare	VERB
ajebi-561	53	35	as	as	ADP
ajebi-561	53	36	categorical	categorical	ADJ
ajebi-561	53	37	data	datum	NOUN
ajebi-561	53	38	.	.	PUNCT
ajebi-561	54	1	by	by	ADP
ajebi-561	54	2	logging	log	VERB
ajebi-561	54	3	on	on	ADP
ajebi-561	54	4	to	to	ADP
ajebi-561	54	5	the	the	DET
ajebi-561	54	6	websites	website	NOUN
ajebi-561	54	7	of	of	ADP
ajebi-561	54	8	these	these	DET
ajebi-561	54	9	two	two	NUM
ajebi-561	54	10	companies	company	NOUN
ajebi-561	54	11	,	,	PUNCT
ajebi-561	54	12	we	we	PRON
ajebi-561	54	13	search	search	VERB
ajebi-561	54	14	for	for	ADP
ajebi-561	54	15	the	the	DET
ajebi-561	54	16	financial	financial	ADJ
ajebi-561	54	17	information	information	NOUN
ajebi-561	54	18	of	of	ADP
ajebi-561	54	19	the	the	DET
ajebi-561	54	20	concepts	concept	NOUN
ajebi-561	54	21	of	of	ADP
ajebi-561	54	22	the	the	DET
ajebi-561	54	23	two	two	NUM
ajebi-561	54	24	companies	company	NOUN
ajebi-561	54	25	,	,	PUNCT
ajebi-561	54	26	and	and	CCONJ
ajebi-561	54	27	aggregate	aggregate	VERB
ajebi-561	54	28	and	and	CCONJ
ajebi-561	54	29	compare	compare	VERB
ajebi-561	54	30	the	the	DET
ajebi-561	54	31	information	information	NOUN
ajebi-561	54	32	provided	provide	VERB
ajebi-561	54	33	by	by	ADP
ajebi-561	54	34	“	"	PUNCT
ajebi-561	54	35	east	east	ADJ
ajebi-561	54	36	money	money	NOUN
ajebi-561	54	37	information	information	NOUN
ajebi-561	54	38	”	"	PUNCT
ajebi-561	54	39	and	and	CCONJ
ajebi-561	54	40	“	"	PUNCT
ajebi-561	54	41	guotai	guotai	PROPN
ajebi-561	54	42	junan	junan	PROPN
ajebi-561	54	43	securities	security	NOUN
ajebi-561	54	44	”	"	PUNCT
ajebi-561	54	45	(	(	PUNCT
ajebi-561	54	46	securities	security	NOUN
ajebi-561	54	47	trading	trading	NOUN
ajebi-561	54	48	software	software	NOUN
ajebi-561	54	49	)	)	PUNCT
ajebi-561	54	50	.	.	PUNCT
ajebi-561	55	1	the	the	DET
ajebi-561	55	2	information	information	NOUN
ajebi-561	55	3	comes	come	VERB
ajebi-561	55	4	from	from	ADP
ajebi-561	55	5	several	several	ADJ
ajebi-561	55	6	sources	source	NOUN
ajebi-561	55	7	,	,	PUNCT
ajebi-561	55	8	thus	thus	ADV
ajebi-561	55	9	it	it	PRON
ajebi-561	55	10	is	be	AUX
ajebi-561	55	11	trustworthy	trustworthy	ADJ
ajebi-561	55	12	.	.	PUNCT
ajebi-561	56	1	the	the	DET
ajebi-561	56	2	process	process	NOUN
ajebi-561	56	3	of	of	ADP
ajebi-561	56	4	gathering	gather	VERB
ajebi-561	56	5	information	information	NOUN
ajebi-561	56	6	is	be	AUX
ajebi-561	56	7	distributed	distribute	VERB
ajebi-561	56	8	across	across	ADP
ajebi-561	56	9	the	the	DET
ajebi-561	56	10	team	team	NOUN
ajebi-561	56	11	members	member	NOUN
ajebi-561	56	12	;	;	PUNCT
ajebi-561	56	13	after	after	ADP
ajebi-561	56	14	collecting	collect	VERB
ajebi-561	56	15	the	the	DET
ajebi-561	56	16	classified	classified	ADJ
ajebi-561	56	17	material	material	NOUN
ajebi-561	56	18	,	,	PUNCT
ajebi-561	56	19	we	we	PRON
ajebi-561	56	20	summarize	summarize	VERB
ajebi-561	56	21	and	and	CCONJ
ajebi-561	56	22	sanitize	sanitize	VERB
ajebi-561	56	23	all	all	DET
ajebi-561	56	24	the	the	DET
ajebi-561	56	25	information	information	NOUN
ajebi-561	56	26	,	,	PUNCT
ajebi-561	56	27	removing	remove	VERB
ajebi-561	56	28	any	any	DET
ajebi-561	56	29	blatantly	blatantly	ADJ
ajebi-561	56	30	incorrect	incorrect	ADJ
ajebi-561	56	31	content	content	NOUN
ajebi-561	56	32	.	.	PUNCT
ajebi-561	57	1	multiple	multiple	ADJ
ajebi-561	57	2	financial	financial	ADJ
ajebi-561	57	3	indicators	indicator	NOUN
ajebi-561	57	4	,	,	PUNCT
ajebi-561	57	5	such	such	ADJ
ajebi-561	57	6	as	as	ADP
ajebi-561	57	7	return	return	NOUN
ajebi-561	57	8	on	on	ADP
ajebi-561	57	9	equity	equity	NOUN
ajebi-561	57	10	(	(	PUNCT
ajebi-561	57	11	roe	roe	PROPN
ajebi-561	57	12	)	)	PUNCT
ajebi-561	57	13	,	,	PUNCT
ajebi-561	57	14	profit	profit	NOUN
ajebi-561	57	15	margin	margin	NOUN
ajebi-561	57	16	on	on	ADP
ajebi-561	57	17	sales	sale	NOUN
ajebi-561	57	18	,	,	PUNCT
ajebi-561	57	19	debt	debt	NOUN
ajebi-561	57	20	to	to	ADP
ajebi-561	57	21	asset	asset	NOUN
ajebi-561	57	22	ratio	ratio	NOUN
ajebi-561	57	23	are	be	AUX
ajebi-561	57	24	utilized	utilize	VERB
ajebi-561	57	25	for	for	ADP
ajebi-561	57	26	data	datum	NOUN
ajebi-561	57	27	analysis	analysis	NOUN
ajebi-561	57	28	.	.	PUNCT
ajebi-561	58	1	measuring	measure	VERB
ajebi-561	58	2	the	the	DET
ajebi-561	58	3	cash	cash	NOUN
ajebi-561	58	4	flow	flow	NOUN
ajebi-561	58	5	,	,	PUNCT
ajebi-561	58	6	liabilities	liability	NOUN
ajebi-561	58	7	,	,	PUNCT
ajebi-561	58	8	and	and	CCONJ
ajebi-561	58	9	future	future	ADJ
ajebi-561	58	10	profitability	profitability	NOUN
ajebi-561	58	11	of	of	ADP
ajebi-561	58	12	a	a	DET
ajebi-561	58	13	firm	firm	NOUN
ajebi-561	58	14	is	be	AUX
ajebi-561	58	15	a	a	DET
ajebi-561	58	16	complicated	complicated	ADJ
ajebi-561	58	17	endeavor	endeavor	NOUN
ajebi-561	58	18	,	,	PUNCT
ajebi-561	58	19	and	and	CCONJ
ajebi-561	58	20	it	it	PRON
ajebi-561	58	21	is	be	AUX
ajebi-561	58	22	impossible	impossible	ADJ
ajebi-561	58	23	to	to	PART
ajebi-561	58	24	utilize	utilize	VERB
ajebi-561	58	25	a	a	DET
ajebi-561	58	26	single	single	ADJ
ajebi-561	58	27	quantitative	quantitative	ADJ
ajebi-561	58	28	measure	measure	NOUN
ajebi-561	58	29	.	.	PUNCT
ajebi-561	59	1	for	for	ADP
ajebi-561	59	2	thorough	thorough	ADJ
ajebi-561	59	3	analysis	analysis	NOUN
ajebi-561	59	4	,	,	PUNCT
ajebi-561	59	5	it	it	PRON
ajebi-561	59	6	must	must	AUX
ajebi-561	59	7	be	be	AUX
ajebi-561	59	8	coupled	couple	VERB
ajebi-561	59	9	with	with	ADP
ajebi-561	59	10	several	several	ADJ
ajebi-561	59	11	indicators	indicator	NOUN
ajebi-561	59	12	.	.	PUNCT
ajebi-561	60	1	in	in	ADP
ajebi-561	60	2	order	order	NOUN
ajebi-561	60	3	to	to	PART
ajebi-561	60	4	provide	provide	VERB
ajebi-561	60	5	a	a	DET
ajebi-561	60	6	thorough	thorough	ADJ
ajebi-561	60	7	view	view	NOUN
ajebi-561	60	8	of	of	ADP
ajebi-561	60	9	unis	unis	NOUN
ajebi-561	60	10	’s	’s	PART
ajebi-561	60	11	financial	financial	ADJ
ajebi-561	60	12	standing	standing	NOUN
ajebi-561	60	13	at	at	ADP
ajebi-561	60	14	the	the	DET
ajebi-561	60	15	time	time	NOUN
ajebi-561	60	16	of	of	ADP
ajebi-561	60	17	the	the	DET
ajebi-561	60	18	impending	impending	ADJ
ajebi-561	60	19	purchase	purchase	NOUN
ajebi-561	60	20	,	,	PUNCT
ajebi-561	60	21	we	we	PRON
ajebi-561	60	22	present	present	VERB
ajebi-561	60	23	several	several	ADJ
ajebi-561	60	24	computations	computation	NOUN
ajebi-561	60	25	in	in	ADP
ajebi-561	60	26	the	the	DET
ajebi-561	60	27	“	"	PUNCT
ajebi-561	60	28	valuation	valuation	NOUN
ajebi-561	60	29	”	"	PUNCT
ajebi-561	60	30	section	section	NOUN
ajebi-561	60	31	.	.	PUNCT
ajebi-561	61	1	these	these	DET
ajebi-561	61	2	indicators	indicator	NOUN
ajebi-561	61	3	are	be	AUX
ajebi-561	61	4	also	also	ADV
ajebi-561	61	5	helpful	helpful	ADJ
ajebi-561	61	6	for	for	ADP
ajebi-561	61	7	subsequent	subsequent	ADJ
ajebi-561	61	8	scholars	scholar	NOUN
ajebi-561	61	9	.	.	PUNCT
ajebi-561	62	1	taiwan	taiwan	PROPN
ajebi-561	62	2	semiconductor	semiconductor	NOUN
ajebi-561	62	3	manufacturing	manufacturing	NOUN
ajebi-561	62	4	company	company	NOUN
ajebi-561	62	5	taiwan	taiwan	PROPN
ajebi-561	62	6	semiconductor	semiconductor	NOUN
ajebi-561	62	7	manufacturing	manufacturing	NOUN
ajebi-561	62	8	company	company	NOUN
ajebi-561	62	9	,	,	PUNCT
ajebi-561	62	10	often	often	ADV
ajebi-561	62	11	known	know	VERB
ajebi-561	62	12	as	as	ADP
ajebi-561	62	13	tsmc	tsmc	PROPN
ajebi-561	62	14	,	,	PUNCT
ajebi-561	62	15	was	be	AUX
ajebi-561	62	16	formed	form	VERB
ajebi-561	62	17	in	in	ADP
ajebi-561	62	18	1987	1987	NUM
ajebi-561	62	19	in	in	ADP
ajebi-561	62	20	hsinchu	hsinchu	PROPN
ajebi-561	62	21	science	science	PROPN
ajebi-561	62	22	park	park	PROPN
ajebi-561	62	23	,	,	PUNCT
ajebi-561	62	24	taiwan	taiwan	PROPN
ajebi-561	62	25	,	,	PUNCT
ajebi-561	62	26	china	china	PROPN
ajebi-561	62	27	(	(	PUNCT
ajebi-561	62	28	the	the	DET
ajebi-561	62	29	republic	republic	NOUN
ajebi-561	62	30	of	of	ADP
ajebi-561	62	31	)	)	PUNCT
ajebi-561	62	32	.	.	PUNCT
ajebi-561	63	1	in	in	ADP
ajebi-561	63	2	1987	1987	NUM
ajebi-561	63	3	,	,	PUNCT
ajebi-561	63	4	morris	morris	PROPN
ajebi-561	63	5	chang	chang	PROPN
ajebi-561	63	6	founded	found	VERB
ajebi-561	63	7	the	the	DET
ajebi-561	63	8	world	world	NOUN
ajebi-561	63	9	’s	’s	PART
ajebi-561	63	10	first	first	ADJ
ajebi-561	63	11	and	and	CCONJ
ajebi-561	63	12	largest	large	ADJ
ajebi-561	63	13	professional	professional	ADJ
ajebi-561	63	14	integrated	integrate	VERB
ajebi-561	63	15	circuit	circuit	NOUN
ajebi-561	63	16	manufacturing	manufacturing	NOUN
ajebi-561	63	17	provider	provider	NOUN
ajebi-561	63	18	(	(	PUNCT
ajebi-561	63	19	wafer	wafer	NOUN
ajebi-561	63	20	foundry	foundry	NOUN
ajebi-561	63	21	)	)	PUNCT
ajebi-561	63	22	(	(	PUNCT
ajebi-561	63	23	perry	perry	NOUN
ajebi-561	63	24	,	,	PUNCT
ajebi-561	63	25	2011	2011	NUM
ajebi-561	63	26	)	)	PUNCT
ajebi-561	63	27	.	.	PUNCT
ajebi-561	64	1	at	at	ADP
ajebi-561	64	2	the	the	DET
ajebi-561	64	3	time	time	NOUN
ajebi-561	64	4	,	,	PUNCT
ajebi-561	64	5	semiconductor	semiconductor	NOUN
ajebi-561	64	6	firms	firm	NOUN
ajebi-561	64	7	worldwide	worldwide	ADV
ajebi-561	64	8	(	(	PUNCT
ajebi-561	64	9	including	include	VERB
ajebi-561	64	10	intel	intel	PROPN
ajebi-561	64	11	,	,	PUNCT
ajebi-561	64	12	samsung	samsung	PROPN
ajebi-561	64	13	,	,	PUNCT
ajebi-561	64	14	and	and	CCONJ
ajebi-561	64	15	other	other	ADJ
ajebi-561	64	16	heavyweights	heavyweight	NOUN
ajebi-561	64	17	)	)	PUNCT
ajebi-561	64	18	all	all	PRON
ajebi-561	64	19	followed	follow	VERB
ajebi-561	64	20	the	the	DET
ajebi-561	64	21	same	same	ADJ
ajebi-561	64	22	business	business	NOUN
ajebi-561	64	23	model	model	NOUN
ajebi-561	64	24	:	:	PUNCT
ajebi-561	64	25	to	to	PART
ajebi-561	64	26	develop	develop	VERB
ajebi-561	64	27	their	their	PRON
ajebi-561	64	28	own	own	ADJ
ajebi-561	64	29	chips	chip	NOUN
ajebi-561	64	30	,	,	PUNCT
ajebi-561	64	31	manufacture	manufacture	VERB
ajebi-561	64	32	them	they	PRON
ajebi-561	64	33	in	in	ADP
ajebi-561	64	34	their	their	PRON
ajebi-561	64	35	own	own	ADJ
ajebi-561	64	36	fabs	fab	NOUN
ajebi-561	64	37	,	,	PUNCT
ajebi-561	64	38	and	and	CCONJ
ajebi-561	64	39	do	do	VERB
ajebi-561	64	40	chip	chip	NOUN
ajebi-561	64	41	testing	testing	NOUN
ajebi-561	64	42	and	and	CCONJ
ajebi-561	64	43	packaging	packaging	NOUN
ajebi-561	64	44	on	on	ADP
ajebi-561	64	45	their	their	PRON
ajebi-561	64	46	own	own	ADJ
ajebi-561	64	47	.	.	PUNCT
ajebi-561	65	1	as	as	ADP
ajebi-561	65	2	a	a	DET
ajebi-561	65	3	result	result	NOUN
ajebi-561	65	4	,	,	PUNCT
ajebi-561	65	5	morris	morris	PROPN
ajebi-561	65	6	chang	chang	PROPN
ajebi-561	65	7	saw	see	VERB
ajebi-561	65	8	a	a	DET
ajebi-561	65	9	tremendous	tremendous	ADJ
ajebi-561	65	10	economic	economic	ADJ
ajebi-561	65	11	opportunity	opportunity	NOUN
ajebi-561	65	12	:	:	PUNCT
ajebi-561	65	13	creating	create	VERB
ajebi-561	65	14	the	the	DET
ajebi-561	65	15	model	model	NOUN
ajebi-561	65	16	of	of	ADP
ajebi-561	65	17	manufacturing	manufacturing	NOUN
ajebi-561	65	18	.	.	PUNCT
ajebi-561	66	1	his	his	PRON
ajebi-561	66	2	company	company	NOUN
ajebi-561	66	3	does	do	AUX
ajebi-561	66	4	not	not	PART
ajebi-561	66	5	make	make	VERB
ajebi-561	66	6	its	its	PRON
ajebi-561	66	7	own	own	ADJ
ajebi-561	66	8	goods	good	NOUN
ajebi-561	66	9	,	,	PUNCT
ajebi-561	66	10	but	but	CCONJ
ajebi-561	66	11	rather	rather	ADV
ajebi-561	66	12	produces	produce	VERB
ajebi-561	66	13	things	thing	NOUN
ajebi-561	66	14	for	for	ADP
ajebi-561	66	15	semiconductor	semiconductor	NOUN
ajebi-561	66	16	design	design	NOUN
ajebi-561	66	17	firms	firm	NOUN
ajebi-561	66	18	.	.	PUNCT
ajebi-561	67	1	after	after	ADP
ajebi-561	67	2	its	its	PRON
ajebi-561	67	3	founding	founding	NOUN
ajebi-561	67	4	,	,	PUNCT
ajebi-561	67	5	his	his	PRON
ajebi-561	67	6	factory	factory	NOUN
ajebi-561	67	7	continued	continue	VERB
ajebi-561	67	8	to	to	PART
ajebi-561	67	9	expand	expand	VERB
ajebi-561	67	10	and	and	CCONJ
ajebi-561	67	11	progressively	progressively	ADV
ajebi-561	67	12	increased	increase	VERB
ajebi-561	67	13	its	its	PRON
ajebi-561	67	14	portion	portion	NOUN
ajebi-561	67	15	of	of	ADP
ajebi-561	67	16	the	the	DET
ajebi-561	67	17	global	global	ADJ
ajebi-561	67	18	market	market	NOUN
ajebi-561	67	19	.	.	PUNCT
ajebi-561	68	1	tsmc	tsmc	PROPN
ajebi-561	68	2	was	be	AUX
ajebi-561	68	3	the	the	DET
ajebi-561	68	4	first	first	ADJ
ajebi-561	68	5	wafer	wafer	NOUN
ajebi-561	68	6	foundry	foundry	NOUN
ajebi-561	68	7	firm	firm	NOUN
ajebi-561	68	8	to	to	PART
ajebi-561	68	9	join	join	VERB
ajebi-561	68	10	the	the	DET
ajebi-561	68	11	semiconductor	semiconductor	NOUN
ajebi-561	68	12	industry	industry	NOUN
ajebi-561	68	13	’s	’s	PART
ajebi-561	68	14	top	top	ADJ
ajebi-561	68	15	10	10	NUM
ajebi-561	68	16	in	in	ADP
ajebi-561	68	17	2002	2002	NUM
ajebi-561	68	18	(	(	PUNCT
ajebi-561	68	19	the	the	DET
ajebi-561	68	20	others	other	NOUN
ajebi-561	68	21	are	be	AUX
ajebi-561	68	22	design	design	NOUN
ajebi-561	68	23	giants	giant	NOUN
ajebi-561	68	24	)	)	PUNCT
ajebi-561	68	25	.	.	PUNCT
ajebi-561	69	1	despite	despite	SCONJ
ajebi-561	69	2	being	be	AUX
ajebi-561	69	3	a	a	DET
ajebi-561	69	4	foundry	foundry	NOUN
ajebi-561	69	5	,	,	PUNCT
ajebi-561	69	6	tsmc	tsmc	PROPN
ajebi-561	69	7	contributes	contribute	VERB
ajebi-561	69	8	significantly	significantly	ADV
ajebi-561	69	9	to	to	ADP
ajebi-561	69	10	the	the	DET
ajebi-561	69	11	innovation	innovation	NOUN
ajebi-561	69	12	of	of	ADP
ajebi-561	69	13	the	the	DET
ajebi-561	69	14	whole	whole	ADJ
ajebi-561	69	15	semiconductor	semiconductor	NOUN
ajebi-561	69	16	industry	industry	NOUN
ajebi-561	69	17	(	(	PUNCT
ajebi-561	69	18	ip	ip	NOUN
ajebi-561	69	19	,	,	PUNCT
ajebi-561	69	20	2008	2008	NUM
ajebi-561	69	21	)	)	PUNCT
ajebi-561	69	22	.	.	PUNCT
ajebi-561	70	1	in	in	ADP
ajebi-561	70	2	addition	addition	NOUN
ajebi-561	70	3	to	to	ADP
ajebi-561	70	4	advancing	advance	VERB
ajebi-561	70	5	the	the	DET
ajebi-561	70	6	technology	technology	NOUN
ajebi-561	70	7	level	level	NOUN
ajebi-561	70	8	,	,	PUNCT
ajebi-561	70	9	it	it	PRON
ajebi-561	70	10	establishes	establish	VERB
ajebi-561	70	11	standardized	standardized	ADJ
ajebi-561	70	12	methods	method	NOUN
ajebi-561	70	13	and	and	CCONJ
ajebi-561	70	14	diverse	diverse	ADJ
ajebi-561	70	15	platforms	platform	NOUN
ajebi-561	70	16	to	to	PART
ajebi-561	70	17	assist	assist	VERB
ajebi-561	70	18	several	several	ADJ
ajebi-561	70	19	ic	ic	PROPN
ajebi-561	70	20	design	design	NOUN
ajebi-561	70	21	firms	firm	NOUN
ajebi-561	70	22	in	in	ADP
ajebi-561	70	23	taiwan	taiwan	PROPN
ajebi-561	70	24	,	,	PUNCT
ajebi-561	70	25	utilizing	utilize	VERB
ajebi-561	70	26	part	part	NOUN
ajebi-561	70	27	of	of	ADP
ajebi-561	70	28	its	its	PRON
ajebi-561	70	29	own	own	ADJ
ajebi-561	70	30	power	power	NOUN
ajebi-561	70	31	to	to	PART
ajebi-561	70	32	assist	assist	VERB
ajebi-561	70	33	taiwan	taiwan	PROPN
ajebi-561	70	34	’s	’s	PART
ajebi-561	70	35	whole	whole	ADJ
ajebi-561	70	36	semiconductor	semiconductor	NOUN
ajebi-561	70	37	industry	industry	NOUN
ajebi-561	70	38	(	(	PUNCT
ajebi-561	70	39	chao	chao	PROPN
ajebi-561	70	40	,	,	PUNCT
ajebi-561	70	41	2012	2012	NUM
ajebi-561	70	42	)	)	PUNCT
ajebi-561	70	43	.	.	PUNCT
ajebi-561	71	1	in	in	ADP
ajebi-561	71	2	2015	2015	NUM
ajebi-561	71	3	,	,	PUNCT
ajebi-561	71	4	tsmc	tsmc	PROPN
ajebi-561	71	5	’s	’s	PART
ajebi-561	71	6	market	market	NOUN
ajebi-561	71	7	share	share	NOUN
ajebi-561	71	8	was	be	AUX
ajebi-561	71	9	54.8	54.8	NUM
ajebi-561	71	10	%	%	NOUN
ajebi-561	71	11	,	,	PUNCT
ajebi-561	71	12	which	which	PRON
ajebi-561	71	13	was	be	AUX
ajebi-561	71	14	much	much	ADV
ajebi-561	71	15	higher	high	ADJ
ajebi-561	71	16	than	than	ADP
ajebi-561	71	17	globalfoudaries	globalfoudarie	NOUN
ajebi-561	71	18	’	'	PUNCT
ajebi-561	71	19	9.6	9.6	NUM
ajebi-561	71	20	%	%	NOUN
ajebi-561	71	21	and	and	CCONJ
ajebi-561	71	22	umc	umc	PROPN
ajebi-561	71	23	’s	’s	PART
ajebi-561	71	24	9.0	9.0	NUM
ajebi-561	71	25	%	%	NOUN
ajebi-561	71	26	.	.	PUNCT
ajebi-561	72	1	it	it	PRON
ajebi-561	72	2	was	be	AUX
ajebi-561	72	3	worth	worth	ADJ
ajebi-561	72	4	4.79	4.79	NUM
ajebi-561	72	5	trillion	trillion	NUM
ajebi-561	72	6	new	new	ADJ
ajebi-561	72	7	taiwan	taiwan	PROPN
ajebi-561	72	8	dollars	dollar	NOUN
ajebi-561	72	9	(	(	PUNCT
ajebi-561	72	10	160	160	NUM
ajebi-561	72	11	billion	billion	NUM
ajebi-561	72	12	dollars	dollar	NOUN
ajebi-561	72	13	)	)	PUNCT
ajebi-561	72	14	.	.	PUNCT
ajebi-561	73	1	in	in	ADP
ajebi-561	73	2	addition	addition	NOUN
ajebi-561	73	3	,	,	PUNCT
ajebi-561	73	4	it	it	PRON
ajebi-561	73	5	utilized	utilize	VERB
ajebi-561	73	6	3	3	NUM
ajebi-561	73	7	%	%	NOUN
ajebi-561	73	8	of	of	ADP
ajebi-561	73	9	taiwan	taiwan	PROPN
ajebi-561	73	10	’s	’s	PART
ajebi-561	73	11	total	total	ADJ
ajebi-561	73	12	electricity	electricity	NOUN
ajebi-561	73	13	and	and	CCONJ
ajebi-561	73	14	generated	generate	VERB
ajebi-561	73	15	3.8	3.8	NUM
ajebi-561	73	16	%	%	NOUN
ajebi-561	73	17	of	of	ADP
ajebi-561	73	18	taiwan	taiwan	PROPN
ajebi-561	73	19	’s	’s	PART
ajebi-561	73	20	gdp	gdp	NOUN
ajebi-561	73	21	and	and	CCONJ
ajebi-561	73	22	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	73	23	pa	pa	PROPN
ajebi-561	73	24	ge	ge	PROPN
ajebi-561	73	25	26	26	NUM
ajebi-561	73	26	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	73	27	am	am	NOUN
ajebi-561	73	28	.	.	PUNCT
ajebi-561	74	1	j.	j.	PROPN
ajebi-561	74	2	econ	econ	PROPN
ajebi-561	74	3	.	.	PUNCT
ajebi-561	74	4	bus	bus	PROPN
ajebi-561	74	5	.	.	PUNCT
ajebi-561	75	1	innov	innov	PROPN
ajebi-561	75	2	.	.	PUNCT
ajebi-561	76	1	1(3	1(3	NUM
ajebi-561	76	2	)	)	PUNCT
ajebi-561	76	3	24	24	NUM
ajebi-561	76	4	-	-	SYM
ajebi-561	76	5	35	35	NUM
ajebi-561	76	6	,	,	PUNCT
ajebi-561	76	7	2022	2022	NUM
ajebi-561	76	8	6.8	6.8	NUM
ajebi-561	76	9	%	%	NOUN
ajebi-561	76	10	of	of	ADP
ajebi-561	76	11	its	its	PRON
ajebi-561	76	12	total	total	ADJ
ajebi-561	76	13	export	export	NOUN
ajebi-561	76	14	value	value	NOUN
ajebi-561	76	15	.	.	PUNCT
ajebi-561	77	1	in	in	ADP
ajebi-561	77	2	2016	2016	NUM
ajebi-561	77	3	,	,	PUNCT
ajebi-561	77	4	tsmc	tsmc	PROPN
ajebi-561	77	5	’s	’s	PART
ajebi-561	77	6	sales	sale	NOUN
ajebi-561	77	7	was	be	AUX
ajebi-561	77	8	947.938	947.938	NUM
ajebi-561	77	9	billion	billion	NUM
ajebi-561	77	10	new	new	ADJ
ajebi-561	77	11	taiwan	taiwan	PROPN
ajebi-561	77	12	dollars	dollar	NOUN
ajebi-561	77	13	,	,	PUNCT
ajebi-561	77	14	and	and	CCONJ
ajebi-561	77	15	its	its	PRON
ajebi-561	77	16	net	net	ADJ
ajebi-561	77	17	profit	profit	NOUN
ajebi-561	77	18	was	be	AUX
ajebi-561	77	19	334.38	334.38	NUM
ajebi-561	77	20	billion	billion	NUM
ajebi-561	77	21	,	,	PUNCT
ajebi-561	77	22	although	although	SCONJ
ajebi-561	77	23	the	the	DET
ajebi-561	77	24	earnings	earning	NOUN
ajebi-561	77	25	of	of	ADP
ajebi-561	77	26	all	all	DET
ajebi-561	77	27	39	39	NUM
ajebi-561	77	28	taiwanese	taiwanese	ADJ
ajebi-561	77	29	banks	bank	NOUN
ajebi-561	77	30	combined	combine	VERB
ajebi-561	77	31	did	do	AUX
ajebi-561	77	32	not	not	PART
ajebi-561	77	33	exceed	exceed	VERB
ajebi-561	77	34	300	300	NUM
ajebi-561	77	35	billion	billion	NUM
ajebi-561	77	36	new	new	ADJ
ajebi-561	77	37	taiwan	taiwan	PROPN
ajebi-561	77	38	dollars	dollar	NOUN
ajebi-561	77	39	(	(	PUNCT
ajebi-561	77	40	1	1	NUM
ajebi-561	77	41	us	us	PROPN
ajebi-561	77	42	dollar	dollar	NOUN
ajebi-561	77	43	=	=	SYM
ajebi-561	77	44	30	30	NUM
ajebi-561	77	45	new	new	ADJ
ajebi-561	77	46	taiwan	taiwan	PROPN
ajebi-561	77	47	dollars	dollar	NOUN
ajebi-561	77	48	)	)	PUNCT
ajebi-561	77	49	.	.	PUNCT
ajebi-561	78	1	on	on	ADP
ajebi-561	78	2	march	march	PROPN
ajebi-561	78	3	20	20	NUM
ajebi-561	78	4	,	,	PUNCT
ajebi-561	78	5	2017	2017	NUM
ajebi-561	78	6	,	,	PUNCT
ajebi-561	78	7	tsmc	tsmc	PROPN
ajebi-561	78	8	surpassed	surpass	VERB
ajebi-561	78	9	intel	intel	PROPN
ajebi-561	78	10	in	in	ADP
ajebi-561	78	11	market	market	NOUN
ajebi-561	78	12	value	value	NOUN
ajebi-561	78	13	and	and	CCONJ
ajebi-561	78	14	ultimately	ultimately	ADV
ajebi-561	78	15	becomes	become	VERB
ajebi-561	78	16	the	the	DET
ajebi-561	78	17	largest	large	ADJ
ajebi-561	78	18	semiconductor	semiconductor	NOUN
ajebi-561	78	19	manufacturer	manufacturer	NOUN
ajebi-561	78	20	in	in	ADP
ajebi-561	78	21	the	the	DET
ajebi-561	78	22	world	world	NOUN
ajebi-561	78	23	.	.	PUNCT
ajebi-561	79	1	tsmc	tsmc	PROPN
ajebi-561	79	2	stated	state	VERB
ajebi-561	79	3	in	in	ADP
ajebi-561	79	4	2016	2016	NUM
ajebi-561	79	5	that	that	PRON
ajebi-561	79	6	it	it	PRON
ajebi-561	79	7	had	have	AUX
ajebi-561	79	8	inked	ink	VERB
ajebi-561	79	9	an	an	DET
ajebi-561	79	10	investment	investment	NOUN
ajebi-561	79	11	agreement	agreement	NOUN
ajebi-561	79	12	with	with	ADP
ajebi-561	79	13	the	the	DET
ajebi-561	79	14	nanjing	nanjing	PROPN
ajebi-561	79	15	municipal	municipal	ADJ
ajebi-561	79	16	government	government	NOUN
ajebi-561	79	17	and	and	CCONJ
ajebi-561	79	18	will	will	AUX
ajebi-561	79	19	spend	spend	VERB
ajebi-561	79	20	$	$	SYM
ajebi-561	79	21	3	3	NUM
ajebi-561	79	22	billion	billion	NUM
ajebi-561	79	23	to	to	PART
ajebi-561	79	24	create	create	VERB
ajebi-561	79	25	tsmc	tsmc	PROPN
ajebi-561	79	26	(	(	PUNCT
ajebi-561	79	27	nanjing	nanjing	PROPN
ajebi-561	79	28	)	)	PUNCT
ajebi-561	79	29	co.	co.	PROPN
ajebi-561	79	30	,	,	PUNCT
ajebi-561	79	31	ltd	ltd	PROPN
ajebi-561	79	32	.	.	PROPN
ajebi-561	79	33	in	in	ADP
ajebi-561	79	34	nanjing	nanjing	PROPN
ajebi-561	79	35	,	,	PUNCT
ajebi-561	79	36	china	china	PROPN
ajebi-561	79	37	.	.	PUNCT
ajebi-561	80	1	it	it	PRON
ajebi-561	80	2	would	would	AUX
ajebi-561	80	3	have	have	VERB
ajebi-561	80	4	a	a	DET
ajebi-561	80	5	12/14/16	12/14/16	NUM
ajebi-561	80	6	-	-	PUNCT
ajebi-561	80	7	inch	inch	NOUN
ajebi-561	80	8	fabrication	fabrication	NOUN
ajebi-561	80	9	facility	facility	NOUN
ajebi-561	80	10	and	and	CCONJ
ajebi-561	80	11	a	a	DET
ajebi-561	80	12	design	design	NOUN
ajebi-561	80	13	center	center	NOUN
ajebi-561	80	14	.	.	PUNCT
ajebi-561	81	1	in	in	ADP
ajebi-561	81	2	2018	2018	NUM
ajebi-561	81	3	,	,	PUNCT
ajebi-561	81	4	manufacturing	manufacturing	NOUN
ajebi-561	81	5	began	begin	VERB
ajebi-561	81	6	at	at	ADP
ajebi-561	81	7	tsmc	tsmc	PROPN
ajebi-561	81	8	in	in	ADP
ajebi-561	81	9	nanjing	nanjing	PROPN
ajebi-561	81	10	.	.	PUNCT
ajebi-561	82	1	tsmc	tsmc	PROPN
ajebi-561	82	2	’s	’s	PART
ajebi-561	82	3	14/16	14/16	NUM
ajebi-561	82	4	-	-	PUNCT
ajebi-561	82	5	nanometer	nanometer	NOUN
ajebi-561	82	6	wafers	wafer	NOUN
ajebi-561	82	7	presently	presently	ADV
ajebi-561	82	8	account	account	VERB
ajebi-561	82	9	for	for	ADP
ajebi-561	82	10	more	more	ADJ
ajebi-561	82	11	than	than	ADP
ajebi-561	82	12	fifty	fifty	NUM
ajebi-561	82	13	percent	percent	NOUN
ajebi-561	82	14	of	of	ADP
ajebi-561	82	15	the	the	DET
ajebi-561	82	16	global	global	ADJ
ajebi-561	82	17	14/16	14/16	NUM
ajebi-561	82	18	-	-	PUNCT
ajebi-561	82	19	nanometer	nanometer	NOUN
ajebi-561	82	20	wafer	wafer	NOUN
ajebi-561	82	21	market	market	NOUN
ajebi-561	82	22	.	.	PUNCT
ajebi-561	83	1	it	it	PRON
ajebi-561	83	2	is	be	AUX
ajebi-561	83	3	anticipated	anticipate	VERB
ajebi-561	83	4	that	that	SCONJ
ajebi-561	83	5	tsmc	tsmc	PROPN
ajebi-561	83	6	’s	’s	PART
ajebi-561	83	7	market	market	NOUN
ajebi-561	83	8	share	share	NOUN
ajebi-561	83	9	in	in	ADP
ajebi-561	83	10	the	the	DET
ajebi-561	83	11	14/16	14/16	NUM
ajebi-561	83	12	-	-	PUNCT
ajebi-561	83	13	nanometer	nanometer	NOUN
ajebi-561	83	14	sector	sector	NOUN
ajebi-561	83	15	would	would	AUX
ajebi-561	83	16	continue	continue	VERB
ajebi-561	83	17	to	to	PART
ajebi-561	83	18	rise	rise	VERB
ajebi-561	83	19	as	as	ADP
ajebi-561	83	20	a	a	DET
ajebi-561	83	21	result	result	NOUN
ajebi-561	83	22	of	of	ADP
ajebi-561	83	23	the	the	DET
ajebi-561	83	24	nanjing	nanjing	PROPN
ajebi-561	83	25	facility	facility	NOUN
ajebi-561	83	26	as	as	ADP
ajebi-561	83	27	that	that	DET
ajebi-561	83	28	time	time	NOUN
ajebi-561	83	29	.	.	PUNCT
ajebi-561	84	1	table	table	NOUN
ajebi-561	84	2	1	1	NUM
ajebi-561	84	3	:	:	PUNCT
ajebi-561	85	1	top	top	ADJ
ajebi-561	85	2	semiconductor	semiconductor	NOUN
ajebi-561	85	3	revenue	revenue	NOUN
ajebi-561	85	4	and	and	CCONJ
ajebi-561	85	5	market	market	NOUN
ajebi-561	85	6	share	share	NOUN
ajebi-561	85	7	from	from	ADP
ajebi-561	85	8	2017	2017	NUM
ajebi-561	85	9	to	to	ADP
ajebi-561	85	10	2021	2021	NUM
ajebi-561	85	11	(	(	PUNCT
ajebi-561	85	12	unit	unit	NOUN
ajebi-561	85	13	:	:	PUNCT
ajebi-561	85	14	billion	billion	NUM
ajebi-561	85	15	u.s	u.s	PROPN
ajebi-561	85	16	.	.	PROPN
ajebi-561	85	17	dollars	dollar	NOUN
ajebi-561	85	18	)	)	PUNCT
ajebi-561	85	19	.	.	PUNCT
ajebi-561	86	1	in	in	ADP
ajebi-561	86	2	2020	2020	NUM
ajebi-561	86	3	,	,	PUNCT
ajebi-561	86	4	those	those	DET
ajebi-561	86	5	four	four	NUM
ajebi-561	86	6	companies	company	NOUN
ajebi-561	86	7	:	:	PUNCT
ajebi-561	86	8	powerchip	powerchip	NOUN
ajebi-561	86	9	,	,	PUNCT
ajebi-561	86	10	specialty	specialty	NOUN
ajebi-561	86	11	ic	ic	PROPN
ajebi-561	86	12	,	,	PUNCT
ajebi-561	86	13	h	h	NOUN
ajebi-561	86	14	-	-	PUNCT
ajebi-561	86	15	grace	grace	NOUN
ajebi-561	86	16	,	,	PUNCT
ajebi-561	86	17	dongbu	dongbu	PROPN
ajebi-561	86	18	hitek	hitek	PROPN
ajebi-561	86	19	has	have	AUX
ajebi-561	86	20	been	be	AUX
ajebi-561	86	21	dropped	drop	VERB
ajebi-561	86	22	out	out	ADP
ajebi-561	86	23	of	of	ADP
ajebi-561	86	24	the	the	DET
ajebi-561	86	25	top	top	ADJ
ajebi-561	86	26	-	-	PUNCT
ajebi-561	86	27	ten	ten	NUM
ajebi-561	86	28	list	list	NOUN
ajebi-561	86	29	.	.	PUNCT
ajebi-561	87	1	source	source	NOUN
ajebi-561	87	2	:	:	PUNCT
ajebi-561	87	3	rimol	rimol	PROPN
ajebi-561	87	4	,	,	PUNCT
ajebi-561	87	5	m.	m.	NOUN
ajebi-561	87	6	(	(	PUNCT
ajebi-561	87	7	2021	2021	NUM
ajebi-561	87	8	)	)	PUNCT
ajebi-561	87	9	rank	rank	NOUN
ajebi-561	87	10	company	company	NOUN
ajebi-561	87	11	2017	2017	NUM
ajebi-561	87	12	revenue	revenue	NOUN
ajebi-561	87	13	2017	2017	NUM
ajebi-561	87	14	share	share	NOUN
ajebi-561	87	15	(	(	PUNCT
ajebi-561	87	16	%	%	INTJ
ajebi-561	87	17	)	)	PUNCT
ajebi-561	87	18	...	...	PUNCT
ajebi-561	88	1	2020	2020	NUM
ajebi-561	88	2	revenue	revenue	NOUN
ajebi-561	88	3	2020	2020	NUM
ajebi-561	88	4	share	share	NOUN
ajebi-561	88	5	(	(	PUNCT
ajebi-561	88	6	%	%	NOUN
ajebi-561	88	7	)	)	PUNCT
ajebi-561	88	8	2020	2020	NUM
ajebi-561	88	9	revenue	revenue	NOUN
ajebi-561	88	10	2021	2021	NUM
ajebi-561	88	11	share	share	NOUN
ajebi-561	88	12	1	1	NUM
ajebi-561	88	13	tsmc	tsmc	PROPN
ajebi-561	88	14	32040	32040	NUM
ajebi-561	88	15	55.9	55.9	NUM
ajebi-561	88	16	...	...	PUNCT
ajebi-561	88	17	45562	45562	NUM
ajebi-561	88	18	59.7	59.7	NUM
ajebi-561	88	19	56674	56674	NUM
ajebi-561	88	20	56.6	56.6	NUM
ajebi-561	88	21	2	2	NUM
ajebi-561	88	22	gfoudaries	gfoudarie	NOUN
ajebi-561	88	23	5407	5407	NUM
ajebi-561	88	24	9.4	9.4	NUM
ajebi-561	88	25	...	...	PUNCT
ajebi-561	88	26	4850	4850	NUM
ajebi-561	88	27	6.4	6.4	NUM
ajebi-561	88	28	6585	6585	NUM
ajebi-561	88	29	6.6	6.6	NUM
ajebi-561	88	30	3	3	NUM
ajebi-561	88	31	umc	umc	PROPN
ajebi-561	88	32	4898	4898	NUM
ajebi-561	88	33	8.5	8.5	NUM
ajebi-561	88	34	...	...	PUNCT
ajebi-561	88	35	6009	6009	NUM
ajebi-561	88	36	7.9	7.9	NUM
ajebi-561	88	37	7606	7606	NUM
ajebi-561	88	38	7.6	7.6	NUM
ajebi-561	88	39	4	4	NUM
ajebi-561	88	40	samsung	samsung	PROPN
ajebi-561	88	41	4398	4398	NUM
ajebi-561	88	42	7.7	7.7	NUM
ajebi-561	88	43	...	...	SYM
ajebi-561	88	44	5150	5150	NUM
ajebi-561	88	45	6.8	6.8	NUM
ajebi-561	88	46	8537	8537	NUM
ajebi-561	88	47	8.5	8.5	NUM
ajebi-561	88	48	5	5	NUM
ajebi-561	88	49	smic	smic	NOUN
ajebi-561	88	50	3099	3099	NUM
ajebi-561	88	51	5.4	5.4	NUM
ajebi-561	88	52	...	...	PUNCT
ajebi-561	88	53	3907	3907	NUM
ajebi-561	88	54	5.1	5.1	NUM
ajebi-561	88	55	5443	5443	NUM
ajebi-561	88	56	5.4	5.4	NUM
ajebi-561	88	57	6	6	NUM
ajebi-561	88	58	tower	tower	NOUN
ajebi-561	88	59	-	-	PUNCT
ajebi-561	88	60	semi	semi	ADJ
ajebi-561	88	61	1388	1388	NUM
ajebi-561	88	62	2.4	2.4	NUM
ajebi-561	88	63	...	...	PUNCT
ajebi-561	88	64	1266	1266	NUM
ajebi-561	88	65	1.7	1.7	NUM
ajebi-561	88	66	1508	1508	NUM
ajebi-561	88	67	1.5	1.5	NUM
ajebi-561	88	68	7	7	NUM
ajebi-561	88	69	powerchip	powerchip	NOUN
ajebi-561	88	70	1035	1035	NUM
ajebi-561	88	71	1.8	1.8	NUM
ajebi-561	88	72	...	...	SYM
ajebi-561	88	73	8	8	NUM
ajebi-561	88	74	specialty	specialty	NOUN
ajebi-561	88	75	ic	ic	PROPN
ajebi-561	88	76	817	817	NUM
ajebi-561	88	77	1.4	1.4	NUM
ajebi-561	88	78	...	...	PUNCT
ajebi-561	88	79	9	9	NUM
ajebi-561	88	80	h	h	NOUN
ajebi-561	88	81	-	-	PUNCT
ajebi-561	88	82	grace	grace	NOUN
ajebi-561	88	83	807	807	NUM
ajebi-561	88	84	1.4	1.4	NUM
ajebi-561	88	85	...	...	PUNCT
ajebi-561	88	86	10	10	NUM
ajebi-561	88	87	dongbu	dongbu	NOUN
ajebi-561	88	88	hitek	hitek	NOUN
ajebi-561	88	89	676	676	NUM
ajebi-561	88	90	1.2	1.2	NUM
ajebi-561	88	91	...	...	PUNCT
ajebi-561	88	92	swot	swot	VERB
ajebi-561	88	93	analysis	analysis	NOUN
ajebi-561	88	94	of	of	ADP
ajebi-561	88	95	tsmc	tsmc	PROPN
ajebi-561	88	96	next	next	ADV
ajebi-561	88	97	,	,	PUNCT
ajebi-561	88	98	we	we	PRON
ajebi-561	88	99	do	do	VERB
ajebi-561	88	100	a	a	DET
ajebi-561	88	101	swot	swot	NOUN
ajebi-561	88	102	analysis	analysis	NOUN
ajebi-561	88	103	of	of	ADP
ajebi-561	88	104	tsmc	tsmc	PROPN
ajebi-561	88	105	and	and	CCONJ
ajebi-561	88	106	unis	unis	NOUN
ajebi-561	88	107	group	group	NOUN
ajebi-561	88	108	,	,	PUNCT
ajebi-561	88	109	respectively	respectively	ADV
ajebi-561	88	110	,	,	PUNCT
ajebi-561	88	111	in	in	ADP
ajebi-561	88	112	order	order	NOUN
ajebi-561	88	113	to	to	PART
ajebi-561	88	114	determine	determine	VERB
ajebi-561	88	115	their	their	PRON
ajebi-561	88	116	relative	relative	ADJ
ajebi-561	88	117	strengths	strength	NOUN
ajebi-561	88	118	,	,	PUNCT
ajebi-561	88	119	weaknesses	weakness	NOUN
ajebi-561	88	120	,	,	PUNCT
ajebi-561	88	121	opportunities	opportunity	NOUN
ajebi-561	88	122	,	,	PUNCT
ajebi-561	88	123	and	and	CCONJ
ajebi-561	88	124	threats	threat	NOUN
ajebi-561	88	125	.	.	PUNCT
ajebi-561	89	1	table	table	NOUN
ajebi-561	89	2	2	2	NUM
ajebi-561	89	3	:	:	PUNCT
ajebi-561	89	4	swot	swot	VERB
ajebi-561	89	5	analysis	analysis	NOUN
ajebi-561	89	6	of	of	ADP
ajebi-561	89	7	tsmc	tsmc	PROPN
ajebi-561	89	8	strengths	strength	NOUN
ajebi-561	89	9	weaknesses	weaknesse	VERB
ajebi-561	89	10	excellent	excellent	ADJ
ajebi-561	89	11	production	production	NOUN
ajebi-561	89	12	efficacy	efficacy	NOUN
ajebi-561	89	13	excellent	excellent	ADJ
ajebi-561	89	14	revenue	revenue	NOUN
ajebi-561	89	15	scenario	scenario	NOUN
ajebi-561	89	16	superior	superior	ADJ
ajebi-561	89	17	manufacturing	manufacturing	NOUN
ajebi-561	89	18	technology	technology	NOUN
ajebi-561	89	19	low	low	ADJ
ajebi-561	89	20	r	r	NOUN
ajebi-561	89	21	&	&	CCONJ
ajebi-561	89	22	d	d	PROPN
ajebi-561	89	23	expenditures	expenditure	NOUN
ajebi-561	89	24	senior	senior	ADJ
ajebi-561	89	25	employee	employee	NOUN
ajebi-561	89	26	departure	departure	NOUN
ajebi-561	89	27	reduction	reduction	NOUN
ajebi-561	89	28	in	in	ADP
ajebi-561	89	29	profitability	profitability	NOUN
ajebi-561	89	30	opportunities	opportunity	NOUN
ajebi-561	89	31	threats	threat	VERB
ajebi-561	89	32	artificial	artificial	ADJ
ajebi-561	89	33	intelligence	intelligence	NOUN
ajebi-561	89	34	development	development	NOUN
ajebi-561	89	35	large	large	ADJ
ajebi-561	89	36	market	market	NOUN
ajebi-561	89	37	demand	demand	NOUN
ajebi-561	89	38	in	in	ADP
ajebi-561	89	39	china	china	PROPN
ajebi-561	89	40	us	us	PROPN
ajebi-561	89	41	embargo	embargo	NOUN
ajebi-561	89	42	on	on	ADP
ajebi-561	89	43	china	china	PROPN
ajebi-561	89	44	the	the	DET
ajebi-561	89	45	growth	growth	NOUN
ajebi-561	89	46	of	of	ADP
ajebi-561	89	47	more	more	ADJ
ajebi-561	89	48	chinese	chinese	ADJ
ajebi-561	89	49	manufacturers	manufacturer	NOUN
ajebi-561	89	50	wafer	wafer	VERB
ajebi-561	89	51	design	design	NOUN
ajebi-561	89	52	homogenization	homogenization	NOUN
ajebi-561	89	53	the	the	DET
ajebi-561	89	54	global	global	ADJ
ajebi-561	89	55	economy	economy	NOUN
ajebi-561	89	56	confronts	confront	VERB
ajebi-561	89	57	new	new	ADJ
ajebi-561	89	58	obstacles	obstacle	NOUN
ajebi-561	89	59	strengths	strength	NOUN
ajebi-561	89	60	:	:	PUNCT
ajebi-561	90	1	1	1	X
ajebi-561	90	2	.	.	X
ajebi-561	90	3	excellent	excellent	ADJ
ajebi-561	90	4	production	production	NOUN
ajebi-561	90	5	efficacy	efficacy	NOUN
ajebi-561	90	6	.	.	PUNCT
ajebi-561	91	1	wafer	wafer	NOUN
ajebi-561	91	2	industry	industry	NOUN
ajebi-561	91	3	success	success	NOUN
ajebi-561	91	4	is	be	AUX
ajebi-561	91	5	contingent	contingent	ADJ
ajebi-561	91	6	upon	upon	SCONJ
ajebi-561	91	7	the	the	DET
ajebi-561	91	8	manufacturing	manufacturing	NOUN
ajebi-561	91	9	cycle	cycle	NOUN
ajebi-561	91	10	(	(	PUNCT
ajebi-561	91	11	tung	tung	NOUN
ajebi-561	91	12	,	,	PUNCT
ajebi-561	91	13	2001	2001	NUM
ajebi-561	91	14	)	)	PUNCT
ajebi-561	91	15	.	.	PUNCT
ajebi-561	92	1	the	the	DET
ajebi-561	92	2	most	most	ADV
ajebi-561	92	3	modern	modern	ADJ
ajebi-561	92	4	3	3	NUM
ajebi-561	92	5	nm	nm	PRON
ajebi-561	92	6	mobile	mobile	ADJ
ajebi-561	92	7	phone	phone	NOUN
ajebi-561	92	8	chip	chip	NOUN
ajebi-561	92	9	features	feature	VERB
ajebi-561	92	10	an	an	DET
ajebi-561	92	11	180	180	NUM
ajebi-561	92	12	-	-	PUNCT
ajebi-561	92	13	layer	layer	NOUN
ajebi-561	92	14	internal	internal	ADJ
ajebi-561	92	15	structure	structure	NOUN
ajebi-561	92	16	,	,	PUNCT
ajebi-561	92	17	making	make	VERB
ajebi-561	92	18	it	it	PRON
ajebi-561	92	19	is	be	AUX
ajebi-561	92	20	a	a	DET
ajebi-561	92	21	highly	highly	ADV
ajebi-561	92	22	difficult	difficult	ADJ
ajebi-561	92	23	procedure	procedure	NOUN
ajebi-561	92	24	.	.	PUNCT
ajebi-561	93	1	the	the	DET
ajebi-561	93	2	factory	factory	NOUN
ajebi-561	93	3	management	management	NOUN
ajebi-561	93	4	system	system	NOUN
ajebi-561	93	5	at	at	ADP
ajebi-561	93	6	tsmc	tsmc	PROPN
ajebi-561	93	7	can	can	AUX
ajebi-561	93	8	compute	compute	VERB
ajebi-561	93	9	the	the	DET
ajebi-561	93	10	optimal	optimal	ADJ
ajebi-561	93	11	production	production	NOUN
ajebi-561	93	12	layout	layout	NOUN
ajebi-561	93	13	in	in	ADP
ajebi-561	93	14	one	one	NUM
ajebi-561	93	15	minute	minute	NOUN
ajebi-561	93	16	.	.	PUNCT
ajebi-561	94	1	the	the	DET
ajebi-561	94	2	on	on	ADP
ajebi-561	94	3	-	-	PUNCT
ajebi-561	94	4	time	time	NOUN
ajebi-561	94	5	delivery	delivery	NOUN
ajebi-561	94	6	percentage	percentage	NOUN
ajebi-561	94	7	is	be	AUX
ajebi-561	94	8	99.5	99.5	NUM
ajebi-561	94	9	%	%	NOUN
ajebi-561	94	10	,	,	PUNCT
ajebi-561	94	11	and	and	CCONJ
ajebi-561	94	12	the	the	DET
ajebi-561	94	13	duration	duration	NOUN
ajebi-561	94	14	of	of	ADP
ajebi-561	94	15	the	the	DET
ajebi-561	94	16	manufacturing	manufacturing	NOUN
ajebi-561	94	17	cycle	cycle	NOUN
ajebi-561	94	18	is	be	AUX
ajebi-561	94	19	1.2	1.2	NUM
ajebi-561	94	20	days	day	NOUN
ajebi-561	94	21	.	.	PUNCT
ajebi-561	95	1	2	2	X
ajebi-561	95	2	.	.	X
ajebi-561	95	3	excellent	excellent	ADJ
ajebi-561	95	4	revenue	revenue	NOUN
ajebi-561	95	5	scenario	scenario	NOUN
ajebi-561	95	6	.	.	PUNCT
ajebi-561	96	1	in	in	ADP
ajebi-561	96	2	recent	recent	ADJ
ajebi-561	96	3	years	year	NOUN
ajebi-561	96	4	,	,	PUNCT
ajebi-561	96	5	tsmc	tsmc	PROPN
ajebi-561	96	6	’s	’s	PART
ajebi-561	96	7	operational	operational	ADJ
ajebi-561	96	8	revenue	revenue	NOUN
ajebi-561	96	9	has	have	AUX
ajebi-561	96	10	continued	continue	VERB
ajebi-561	96	11	to	to	PART
ajebi-561	96	12	increase	increase	VERB
ajebi-561	96	13	.	.	PUNCT
ajebi-561	97	1	and	and	CCONJ
ajebi-561	97	2	the	the	DET
ajebi-561	97	3	rise	rise	NOUN
ajebi-561	97	4	is	be	AUX
ajebi-561	97	5	considerably	considerably	ADV
ajebi-561	97	6	greater	great	ADJ
ajebi-561	97	7	than	than	ADP
ajebi-561	97	8	its	its	PRON
ajebi-561	97	9	two	two	NUM
ajebi-561	97	10	rivals	rival	NOUN
ajebi-561	97	11	.	.	PUNCT
ajebi-561	98	1	3	3	X
ajebi-561	98	2	.	.	X
ajebi-561	98	3	superior	superior	ADJ
ajebi-561	98	4	manufacturing	manufacturing	NOUN
ajebi-561	98	5	technology	technology	NOUN
ajebi-561	98	6	.	.	PUNCT
ajebi-561	99	1	the	the	DET
ajebi-561	99	2	“	"	PUNCT
ajebi-561	99	3	most	most	ADV
ajebi-561	99	4	powerful	powerful	ADJ
ajebi-561	99	5	and	and	CCONJ
ajebi-561	99	6	smartest	smart	ADJ
ajebi-561	99	7	”	"	PUNCT
ajebi-561	99	8	iphone	iphone	NOUN
ajebi-561	99	9	bionic	bionic	ADJ
ajebi-561	99	10	processor	processor	NOUN
ajebi-561	99	11	,	,	PUNCT
ajebi-561	99	12	the	the	DET
ajebi-561	99	13	a11	a11	PROPN
ajebi-561	99	14	chip	chip	NOUN
ajebi-561	99	15	,	,	PUNCT
ajebi-561	99	16	includes	include	VERB
ajebi-561	99	17	4.3	4.3	NUM
ajebi-561	99	18	billion	billion	NUM
ajebi-561	99	19	transistors	transistor	NOUN
ajebi-561	99	20	and	and	CCONJ
ajebi-561	99	21	6	6	NUM
ajebi-561	99	22	cpu	cpu	NOUN
ajebi-561	99	23	cores	core	NOUN
ajebi-561	99	24	,	,	PUNCT
ajebi-561	99	25	including	include	VERB
ajebi-561	99	26	4	4	NUM
ajebi-561	99	27	tiny	tiny	ADJ
ajebi-561	99	28	cores	core	NOUN
ajebi-561	99	29	and	and	CCONJ
ajebi-561	99	30	2	2	NUM
ajebi-561	99	31	small	small	ADJ
ajebi-561	99	32	cores	core	NOUN
ajebi-561	99	33	.	.	PUNCT
ajebi-561	100	1	even	even	ADV
ajebi-561	100	2	though	though	SCONJ
ajebi-561	100	3	it	it	PRON
ajebi-561	100	4	was	be	AUX
ajebi-561	100	5	separately	separately	ADV
ajebi-561	100	6	designed	design	VERB
ajebi-561	100	7	by	by	ADP
ajebi-561	100	8	apple	apple	NOUN
ajebi-561	100	9	,	,	PUNCT
ajebi-561	100	10	only	only	ADV
ajebi-561	100	11	tsmc	tsmc	PROPN
ajebi-561	100	12	can	can	AUX
ajebi-561	100	13	manufacture	manufacture	VERB
ajebi-561	100	14	it	it	PRON
ajebi-561	100	15	on	on	ADP
ajebi-561	100	16	a	a	DET
ajebi-561	100	17	global	global	ADJ
ajebi-561	100	18	scale	scale	NOUN
ajebi-561	100	19	.	.	PUNCT
ajebi-561	101	1	qualcomm	qualcomm	NOUN
ajebi-561	101	2	is	be	AUX
ajebi-561	101	3	aggressively	aggressively	ADV
ajebi-561	101	4	developing	develop	VERB
ajebi-561	101	5	a	a	DET
ajebi-561	101	6	new	new	ADJ
ajebi-561	101	7	generation	generation	NOUN
ajebi-561	101	8	of	of	ADP
ajebi-561	101	9	snapdragon	snapdragon	VERB
ajebi-561	101	10	855	855	NUM
ajebi-561	101	11	,	,	PUNCT
ajebi-561	101	12	which	which	PRON
ajebi-561	101	13	can	can	AUX
ajebi-561	101	14	only	only	ADV
ajebi-561	101	15	be	be	AUX
ajebi-561	101	16	made	make	VERB
ajebi-561	101	17	by	by	ADP
ajebi-561	101	18	tsmc	tsmc	NOUN
ajebi-561	101	19	using	use	VERB
ajebi-561	101	20	a	a	DET
ajebi-561	101	21	7	7	NUM
ajebi-561	101	22	-	-	PUNCT
ajebi-561	101	23	nanometer	nanometer	NOUN
ajebi-561	101	24	manufacturing	manufacturing	NOUN
ajebi-561	101	25	technology	technology	NOUN
ajebi-561	101	26	.	.	PUNCT
ajebi-561	102	1	weaknesses	weakness	NOUN
ajebi-561	102	2	:	:	PUNCT
ajebi-561	102	3	1	1	X
ajebi-561	102	4	.	.	PUNCT
ajebi-561	102	5	low	low	ADJ
ajebi-561	102	6	r	r	PROPN
ajebi-561	102	7	&	&	CCONJ
ajebi-561	102	8	d	d	NOUN
ajebi-561	102	9	expenditures	expenditure	NOUN
ajebi-561	102	10	.	.	PUNCT
ajebi-561	103	1	compared	compare	VERB
ajebi-561	103	2	to	to	ADP
ajebi-561	103	3	comparable	comparable	ADJ
ajebi-561	103	4	firms	firm	NOUN
ajebi-561	103	5	,	,	PUNCT
ajebi-561	103	6	tsmc	tsmc	PROPN
ajebi-561	103	7	has	have	VERB
ajebi-561	103	8	less	less	ADJ
ajebi-561	103	9	r&d	r&d	NOUN
ajebi-561	103	10	spending	spending	NOUN
ajebi-561	103	11	and	and	CCONJ
ajebi-561	103	12	a	a	DET
ajebi-561	103	13	lower	low	ADJ
ajebi-561	103	14	r&d	r&d	NOUN
ajebi-561	103	15	investment	investment	NOUN
ajebi-561	103	16	-	-	PUNCT
ajebi-561	103	17	to	to	ADP
ajebi-561	103	18	-	-	PUNCT
ajebi-561	103	19	revenue	revenue	NOUN
ajebi-561	103	20	ratio	ratio	NOUN
ajebi-561	103	21	(	(	PUNCT
ajebi-561	103	22	chen	chen	PROPN
ajebi-561	103	23	et	et	PROPN
ajebi-561	103	24	al	al	PROPN
ajebi-561	103	25	.	.	PROPN
ajebi-561	103	26	,	,	PUNCT
ajebi-561	103	27	2019	2019	NUM
ajebi-561	103	28	)	)	PUNCT
ajebi-561	103	29	.	.	PUNCT
ajebi-561	104	1	this	this	PRON
ajebi-561	104	2	may	may	AUX
ajebi-561	104	3	result	result	VERB
ajebi-561	104	4	in	in	ADP
ajebi-561	104	5	tsmc	tsmc	PROPN
ajebi-561	104	6	’s	’s	PART
ajebi-561	104	7	future	future	ADJ
ajebi-561	104	8	development	development	NOUN
ajebi-561	104	9	failing	fail	VERB
ajebi-561	104	10	.	.	PUNCT
ajebi-561	105	1	2	2	X
ajebi-561	105	2	.	.	X
ajebi-561	105	3	senior	senior	ADJ
ajebi-561	105	4	employee	employee	NOUN
ajebi-561	105	5	departure	departure	NOUN
ajebi-561	105	6	.	.	PUNCT
ajebi-561	106	1	high	high	ADJ
ajebi-561	106	2	-	-	PUNCT
ajebi-561	106	3	level	level	NOUN
ajebi-561	106	4	tsmc	tsmc	NOUN
ajebi-561	106	5	executives	executive	NOUN
ajebi-561	106	6	,	,	PUNCT
ajebi-561	106	7	including	include	VERB
ajebi-561	106	8	jiang	jiang	PROPN
ajebi-561	106	9	shangyi	shangyi	PROPN
ajebi-561	106	10	,	,	PUNCT
ajebi-561	106	11	cai	cai	PROPN
ajebi-561	106	12	lixing	lixing	NOUN
ajebi-561	106	13	,	,	PUNCT
ajebi-561	106	14	and	and	CCONJ
ajebi-561	106	15	liang	liang	PROPN
ajebi-561	106	16	mengsong	mengsong	PROPN
ajebi-561	106	17	,	,	PUNCT
ajebi-561	106	18	left	leave	VERB
ajebi-561	106	19	the	the	DET
ajebi-561	106	20	company	company	NOUN
ajebi-561	106	21	to	to	PART
ajebi-561	106	22	work	work	VERB
ajebi-561	106	23	for	for	ADP
ajebi-561	106	24	mainland	mainland	ADJ
ajebi-561	106	25	chinese	chinese	ADJ
ajebi-561	106	26	manufacturers	manufacturer	NOUN
ajebi-561	106	27	.	.	PUNCT
ajebi-561	107	1	xu	xu	PROPN
ajebi-561	107	2	guojin	guojin	PROPN
ajebi-561	107	3	went	go	VERB
ajebi-561	107	4	to	to	ADP
ajebi-561	107	5	another	another	DET
ajebi-561	107	6	usbased	usbased	ADJ
ajebi-561	107	7	organization	organization	NOUN
ajebi-561	107	8	.	.	PUNCT
ajebi-561	108	1	not	not	PART
ajebi-561	108	2	only	only	ADV
ajebi-561	108	3	does	do	AUX
ajebi-561	108	4	the	the	DET
ajebi-561	108	5	recent	recent	ADJ
ajebi-561	108	6	loss	loss	NOUN
ajebi-561	108	7	of	of	ADP
ajebi-561	108	8	executives	executive	NOUN
ajebi-561	108	9	have	have	VERB
ajebi-561	108	10	a	a	DET
ajebi-561	108	11	significant	significant	ADJ
ajebi-561	108	12	impact	impact	NOUN
ajebi-561	108	13	on	on	ADP
ajebi-561	108	14	tsmc	tsmc	PROPN
ajebi-561	108	15	’s	’s	PART
ajebi-561	108	16	routine	routine	ADJ
ajebi-561	108	17	operations	operation	NOUN
ajebi-561	108	18	,	,	PUNCT
ajebi-561	108	19	but	but	CCONJ
ajebi-561	108	20	it	it	PRON
ajebi-561	108	21	also	also	ADV
ajebi-561	108	22	promotes	promote	VERB
ajebi-561	108	23	the	the	DET
ajebi-561	108	24	technical	technical	ADJ
ajebi-561	108	25	growth	growth	NOUN
ajebi-561	108	26	of	of	ADP
ajebi-561	108	27	its	its	PRON
ajebi-561	108	28	rivals	rival	NOUN
ajebi-561	108	29	and	and	CCONJ
ajebi-561	108	30	diminishes	diminish	VERB
ajebi-561	108	31	tsmc	tsmc	PROPN
ajebi-561	108	32	’s	’s	PART
ajebi-561	108	33	competitiveness	competitiveness	NOUN
ajebi-561	108	34	.	.	PUNCT
ajebi-561	109	1	3	3	X
ajebi-561	109	2	.	.	X
ajebi-561	109	3	reduction	reduction	NOUN
ajebi-561	109	4	in	in	ADP
ajebi-561	109	5	profitability	profitability	NOUN
ajebi-561	109	6	.	.	PUNCT
ajebi-561	110	1	in	in	ADP
ajebi-561	110	2	april	april	PROPN
ajebi-561	110	3	of	of	ADP
ajebi-561	110	4	2018	2018	NUM
ajebi-561	110	5	,	,	PUNCT
ajebi-561	110	6	tsmc	tsmc	PROPN
ajebi-561	110	7	released	release	VERB
ajebi-561	110	8	their	their	PRON
ajebi-561	110	9	financial	financial	ADJ
ajebi-561	110	10	report	report	NOUN
ajebi-561	110	11	for	for	ADP
ajebi-561	110	12	the	the	DET
ajebi-561	110	13	first	first	ADJ
ajebi-561	110	14	quarter	quarter	NOUN
ajebi-561	110	15	of	of	ADP
ajebi-561	110	16	the	the	DET
ajebi-561	110	17	year	year	NOUN
ajebi-561	110	18	.	.	PUNCT
ajebi-561	111	1	compared	compare	VERB
ajebi-561	111	2	to	to	ADP
ajebi-561	111	3	the	the	DET
ajebi-561	111	4	previous	previous	ADJ
ajebi-561	111	5	quarter	quarter	NOUN
ajebi-561	111	6	,	,	PUNCT
ajebi-561	111	7	tsmc	tsmc	PROPN
ajebi-561	111	8	’s	’s	PART
ajebi-561	111	9	revenue	revenue	NOUN
ajebi-561	111	10	decreased	decrease	VERB
ajebi-561	111	11	8.2	8.2	NUM
ajebi-561	111	12	%	%	NOUN
ajebi-561	111	13	,	,	PUNCT
ajebi-561	111	14	net	net	ADJ
ajebi-561	111	15	profit	profit	NOUN
ajebi-561	111	16	decreased	decrease	VERB
ajebi-561	111	17	9.6	9.6	NUM
ajebi-561	111	18	%	%	NOUN
ajebi-561	111	19	,	,	PUNCT
ajebi-561	111	20	and	and	CCONJ
ajebi-561	111	21	wafer	wafer	NOUN
ajebi-561	111	22	shipments	shipment	NOUN
ajebi-561	111	23	were	be	AUX
ajebi-561	111	24	unchanged	unchanged	ADJ
ajebi-561	111	25	.	.	PUNCT
ajebi-561	112	1	the	the	DET
ajebi-561	112	2	slow	slow	ADJ
ajebi-561	112	3	fall	fall	NOUN
ajebi-561	112	4	in	in	ADP
ajebi-561	112	5	tsmc	tsmc	PROPN
ajebi-561	112	6	’s	’s	PART
ajebi-561	112	7	profitability	profitability	NOUN
ajebi-561	112	8	may	may	AUX
ajebi-561	112	9	be	be	AUX
ajebi-561	112	10	attributed	attribute	VERB
ajebi-561	112	11	to	to	ADP
ajebi-561	112	12	the	the	DET
ajebi-561	112	13	sluggish	sluggish	ADJ
ajebi-561	112	14	global	global	ADJ
ajebi-561	112	15	growth	growth	NOUN
ajebi-561	112	16	in	in	ADP
ajebi-561	112	17	smartphone	smartphone	NOUN
ajebi-561	112	18	sales	sale	NOUN
ajebi-561	112	19	.	.	PUNCT
ajebi-561	113	1	this	this	PRON
ajebi-561	113	2	demonstrates	demonstrate	VERB
ajebi-561	113	3	that	that	SCONJ
ajebi-561	113	4	tsmc	tsmc	PROPN
ajebi-561	113	5	is	be	AUX
ajebi-561	113	6	significantly	significantly	ADV
ajebi-561	113	7	impacted	impact	VERB
ajebi-561	113	8	by	by	ADP
ajebi-561	113	9	the	the	DET
ajebi-561	113	10	global	global	ADJ
ajebi-561	113	11	economic	economic	ADJ
ajebi-561	113	12	climate	climate	NOUN
ajebi-561	113	13	.	.	PUNCT
ajebi-561	114	1	opportunities	opportunity	NOUN
ajebi-561	114	2	:	:	PUNCT
ajebi-561	114	3	1	1	X
ajebi-561	114	4	.	.	X
ajebi-561	114	5	artificial	artificial	ADJ
ajebi-561	114	6	intelligence	intelligence	NOUN
ajebi-561	114	7	development	development	NOUN
ajebi-561	114	8	.	.	PUNCT
ajebi-561	115	1	the	the	DET
ajebi-561	115	2	smart	smart	ADJ
ajebi-561	115	3	medical	medical	ADJ
ajebi-561	115	4	and	and	CCONJ
ajebi-561	115	5	artificial	artificial	ADJ
ajebi-561	115	6	intelligence	intelligence	NOUN
ajebi-561	115	7	industries	industry	NOUN
ajebi-561	115	8	are	be	AUX
ajebi-561	115	9	thriving	thrive	VERB
ajebi-561	115	10	,	,	PUNCT
ajebi-561	115	11	and	and	CCONJ
ajebi-561	115	12	the	the	DET
ajebi-561	115	13	need	need	NOUN
ajebi-561	115	14	for	for	ADP
ajebi-561	115	15	high	high	ADJ
ajebi-561	115	16	-	-	PUNCT
ajebi-561	115	17	level	level	NOUN
ajebi-561	115	18	processors	processor	NOUN
ajebi-561	115	19	will	will	AUX
ajebi-561	115	20	expand	expand	VERB
ajebi-561	115	21	substantially	substantially	ADV
ajebi-561	115	22	.	.	PUNCT
ajebi-561	116	1	in	in	ADP
ajebi-561	116	2	the	the	DET
ajebi-561	116	3	near	near	ADJ
ajebi-561	116	4	future	future	NOUN
ajebi-561	116	5	,	,	PUNCT
ajebi-561	116	6	there	there	PRON
ajebi-561	116	7	will	will	AUX
ajebi-561	116	8	be	be	AUX
ajebi-561	116	9	a	a	DET
ajebi-561	116	10	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	116	11	pa	pa	PROPN
ajebi-561	116	12	ge	ge	PROPN
ajebi-561	116	13	27	27	NUM
ajebi-561	116	14	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	116	15	am	am	NOUN
ajebi-561	116	16	.	.	PUNCT
ajebi-561	117	1	j.	j.	PROPN
ajebi-561	117	2	econ	econ	PROPN
ajebi-561	117	3	.	.	PUNCT
ajebi-561	117	4	bus	bus	PROPN
ajebi-561	117	5	.	.	PUNCT
ajebi-561	118	1	innov	innov	PROPN
ajebi-561	118	2	.	.	PUNCT
ajebi-561	119	1	1(3	1(3	NUM
ajebi-561	119	2	)	)	PUNCT
ajebi-561	119	3	24	24	NUM
ajebi-561	119	4	-	-	SYM
ajebi-561	119	5	35	35	NUM
ajebi-561	119	6	,	,	PUNCT
ajebi-561	119	7	2022	2022	NUM
ajebi-561	119	8	high	high	ADJ
ajebi-561	119	9	demand	demand	NOUN
ajebi-561	119	10	for	for	ADP
ajebi-561	119	11	chips	chip	NOUN
ajebi-561	119	12	in	in	ADP
ajebi-561	119	13	linked	link	VERB
ajebi-561	119	14	industries	industry	NOUN
ajebi-561	119	15	,	,	PUNCT
ajebi-561	119	16	and	and	CCONJ
ajebi-561	119	17	as	as	ADP
ajebi-561	119	18	the	the	DET
ajebi-561	119	19	leading	lead	VERB
ajebi-561	119	20	chip	chip	NOUN
ajebi-561	119	21	manufacturer	manufacturer	NOUN
ajebi-561	119	22	,	,	PUNCT
ajebi-561	119	23	tsmc	tsmc	PROPN
ajebi-561	119	24	stands	stand	VERB
ajebi-561	119	25	to	to	PART
ajebi-561	119	26	generate	generate	VERB
ajebi-561	119	27	a	a	DET
ajebi-561	119	28	substantial	substantial	ADJ
ajebi-561	119	29	profit	profit	NOUN
ajebi-561	119	30	.	.	PUNCT
ajebi-561	120	1	2	2	X
ajebi-561	120	2	.	.	X
ajebi-561	120	3	large	large	ADJ
ajebi-561	120	4	market	market	NOUN
ajebi-561	120	5	demand	demand	NOUN
ajebi-561	120	6	in	in	ADP
ajebi-561	120	7	china	china	PROPN
ajebi-561	120	8	.	.	PUNCT
ajebi-561	121	1	in	in	ADP
ajebi-561	121	2	2017	2017	NUM
ajebi-561	121	3	,	,	PUNCT
ajebi-561	121	4	the	the	DET
ajebi-561	121	5	import	import	NOUN
ajebi-561	121	6	value	value	NOUN
ajebi-561	121	7	of	of	ADP
ajebi-561	121	8	ics	ics	PROPN
ajebi-561	121	9	in	in	ADP
ajebi-561	121	10	china	china	PROPN
ajebi-561	121	11	was	be	AUX
ajebi-561	121	12	$	$	SYM
ajebi-561	121	13	227.02	227.02	NUM
ajebi-561	121	14	billion	billion	NUM
ajebi-561	121	15	us	us	PROPN
ajebi-561	121	16	dollars	dollar	NOUN
ajebi-561	121	17	,	,	PUNCT
ajebi-561	121	18	while	while	SCONJ
ajebi-561	121	19	the	the	DET
ajebi-561	121	20	import	import	NOUN
ajebi-561	121	21	value	value	NOUN
ajebi-561	121	22	of	of	ADP
ajebi-561	121	23	oil	oil	NOUN
ajebi-561	121	24	was	be	AUX
ajebi-561	121	25	$	$	SYM
ajebi-561	121	26	116.45	116.45	NUM
ajebi-561	121	27	billion	billion	NUM
ajebi-561	121	28	us	us	PROPN
ajebi-561	121	29	dollars	dollar	NOUN
ajebi-561	121	30	;	;	PUNCT
ajebi-561	121	31	therefore	therefore	ADV
ajebi-561	121	32	,	,	PUNCT
ajebi-561	121	33	the	the	DET
ajebi-561	121	34	import	import	NOUN
ajebi-561	121	35	value	value	NOUN
ajebi-561	121	36	of	of	ADP
ajebi-561	121	37	ics	ics	NOUN
ajebi-561	121	38	has	have	VERB
ajebi-561	121	39	almost	almost	ADV
ajebi-561	121	40	twice	twice	DET
ajebi-561	121	41	that	that	DET
ajebi-561	121	42	of	of	ADP
ajebi-561	121	43	oil	oil	NOUN
ajebi-561	121	44	,	,	PUNCT
ajebi-561	121	45	while	while	SCONJ
ajebi-561	121	46	the	the	DET
ajebi-561	121	47	demand	demand	NOUN
ajebi-561	121	48	for	for	ADP
ajebi-561	121	49	ics	ics	PROPN
ajebi-561	121	50	in	in	ADP
ajebi-561	121	51	china	china	PROPN
ajebi-561	121	52	continues	continue	VERB
ajebi-561	121	53	to	to	PART
ajebi-561	121	54	increase	increase	VERB
ajebi-561	121	55	at	at	ADP
ajebi-561	121	56	a	a	DET
ajebi-561	121	57	pace	pace	NOUN
ajebi-561	121	58	of	of	ADP
ajebi-561	121	59	20	20	NUM
ajebi-561	121	60	%	%	NOUN
ajebi-561	121	61	each	each	DET
ajebi-561	121	62	year	year	NOUN
ajebi-561	121	63	.	.	PUNCT
ajebi-561	122	1	taiwan	taiwan	PROPN
ajebi-561	122	2	’s	’s	PART
ajebi-561	122	3	tight	tight	ADJ
ajebi-561	122	4	business	business	NOUN
ajebi-561	122	5	ties	tie	NOUN
ajebi-561	122	6	with	with	ADP
ajebi-561	122	7	mainland	mainland	NOUN
ajebi-561	122	8	china	china	PROPN
ajebi-561	122	9	present	present	VERB
ajebi-561	122	10	an	an	DET
ajebi-561	122	11	excellent	excellent	ADJ
ajebi-561	122	12	opportunity	opportunity	NOUN
ajebi-561	122	13	to	to	PART
ajebi-561	122	14	capitalize	capitalize	VERB
ajebi-561	122	15	on	on	ADP
ajebi-561	122	16	the	the	DET
ajebi-561	122	17	massive	massive	ADJ
ajebi-561	122	18	market	market	NOUN
ajebi-561	122	19	.	.	PUNCT
ajebi-561	123	1	3	3	X
ajebi-561	123	2	.	.	X
ajebi-561	123	3	us	we	PRON
ajebi-561	123	4	embargo	embargo	NOUN
ajebi-561	123	5	on	on	ADP
ajebi-561	123	6	china	china	PROPN
ajebi-561	123	7	.	.	PUNCT
ajebi-561	124	1	the	the	DET
ajebi-561	124	2	united	united	PROPN
ajebi-561	124	3	states	states	PROPN
ajebi-561	124	4	prohibits	prohibit	VERB
ajebi-561	124	5	u.s	u.s	PROPN
ajebi-561	124	6	.	.	PROPN
ajebi-561	124	7	businesses	business	NOUN
ajebi-561	124	8	from	from	ADP
ajebi-561	124	9	selling	sell	VERB
ajebi-561	124	10	information	information	NOUN
ajebi-561	124	11	technology	technology	NOUN
ajebi-561	124	12	equipment	equipment	NOUN
ajebi-561	124	13	to	to	ADP
ajebi-561	124	14	zte	zte	PROPN
ajebi-561	124	15	(	(	PUNCT
ajebi-561	124	16	a	a	DET
ajebi-561	124	17	chinese	chinese	ADJ
ajebi-561	124	18	telecom	telecom	NOUN
ajebi-561	124	19	company	company	PROPN
ajebi-561	124	20	)	)	PUNCT
ajebi-561	124	21	,	,	PUNCT
ajebi-561	124	22	causing	cause	VERB
ajebi-561	124	23	a	a	DET
ajebi-561	124	24	severe	severe	ADJ
ajebi-561	124	25	crisis	crisis	NOUN
ajebi-561	124	26	in	in	ADP
ajebi-561	124	27	the	the	DET
ajebi-561	124	28	chinese	chinese	ADJ
ajebi-561	124	29	high	high	ADJ
ajebi-561	124	30	-	-	PUNCT
ajebi-561	124	31	tech	tech	NOUN
ajebi-561	124	32	sector	sector	NOUN
ajebi-561	124	33	and	and	CCONJ
ajebi-561	124	34	causing	cause	VERB
ajebi-561	124	35	some	some	DET
ajebi-561	124	36	chinese	chinese	ADJ
ajebi-561	124	37	enterprises	enterprise	NOUN
ajebi-561	124	38	to	to	PART
ajebi-561	124	39	move	move	VERB
ajebi-561	124	40	their	their	PRON
ajebi-561	124	41	orders	order	NOUN
ajebi-561	124	42	to	to	ADP
ajebi-561	124	43	tsmc	tsmc	PROPN
ajebi-561	124	44	.	.	PUNCT
ajebi-561	125	1	threats	threat	NOUN
ajebi-561	125	2	:	:	PUNCT
ajebi-561	126	1	1	1	X
ajebi-561	126	2	.	.	PUNCT
ajebi-561	126	3	the	the	DET
ajebi-561	126	4	growth	growth	NOUN
ajebi-561	126	5	of	of	ADP
ajebi-561	126	6	more	more	ADJ
ajebi-561	126	7	chinese	chinese	ADJ
ajebi-561	126	8	manufacturers	manufacturer	NOUN
ajebi-561	126	9	.	.	PUNCT
ajebi-561	127	1	chinese	chinese	ADJ
ajebi-561	127	2	enterprises	enterprise	NOUN
ajebi-561	127	3	like	like	VERB
ajebi-561	127	4	as	as	ADP
ajebi-561	127	5	huawei	huawei	PROPN
ajebi-561	127	6	,	,	PUNCT
ajebi-561	127	7	zte	zte	PROPN
ajebi-561	127	8	,	,	PUNCT
ajebi-561	127	9	and	and	CCONJ
ajebi-561	127	10	hisilicon	hisilicon	PROPN
ajebi-561	127	11	have	have	AUX
ajebi-561	127	12	achieved	achieve	VERB
ajebi-561	127	13	considerable	considerable	ADJ
ajebi-561	127	14	strides	stride	NOUN
ajebi-561	127	15	in	in	ADP
ajebi-561	127	16	r&d	r&d	NOUN
ajebi-561	127	17	and	and	CCONJ
ajebi-561	127	18	chip	chip	NOUN
ajebi-561	127	19	design	design	NOUN
ajebi-561	127	20	as	as	SCONJ
ajebi-561	127	21	the	the	DET
ajebi-561	127	22	ic	ic	PROPN
ajebi-561	127	23	and	and	CCONJ
ajebi-561	127	24	chip	chip	NOUN
ajebi-561	127	25	design	design	NOUN
ajebi-561	127	26	sector	sector	NOUN
ajebi-561	127	27	in	in	ADP
ajebi-561	127	28	china	china	PROPN
ajebi-561	127	29	grows	grow	VERB
ajebi-561	127	30	fast	fast	ADV
ajebi-561	127	31	.	.	PUNCT
ajebi-561	128	1	the	the	DET
ajebi-561	128	2	sales	sale	NOUN
ajebi-561	128	3	volume	volume	NOUN
ajebi-561	128	4	of	of	ADP
ajebi-561	128	5	the	the	DET
ajebi-561	128	6	chinese	chinese	ADJ
ajebi-561	128	7	integrated	integrate	VERB
ajebi-561	128	8	circuit	circuit	NOUN
ajebi-561	128	9	industry	industry	NOUN
ajebi-561	128	10	increased	increase	VERB
ajebi-561	128	11	by	by	ADP
ajebi-561	128	12	23.5	23.5	NUM
ajebi-561	128	13	%	%	NOUN
ajebi-561	128	14	in	in	ADP
ajebi-561	128	15	2017	2017	NUM
ajebi-561	128	16	to	to	ADP
ajebi-561	128	17	535.52	535.52	NUM
ajebi-561	128	18	billion	billion	NUM
ajebi-561	128	19	yuan	yuan	NOUN
ajebi-561	128	20	,	,	PUNCT
ajebi-561	128	21	while	while	SCONJ
ajebi-561	128	22	the	the	DET
ajebi-561	128	23	design	design	NOUN
ajebi-561	128	24	,	,	PUNCT
ajebi-561	128	25	manufacturing	manufacturing	NOUN
ajebi-561	128	26	,	,	PUNCT
ajebi-561	128	27	and	and	CCONJ
ajebi-561	128	28	packaging	packaging	NOUN
ajebi-561	128	29	tests	test	NOUN
ajebi-561	128	30	increased	increase	VERB
ajebi-561	128	31	by	by	ADP
ajebi-561	128	32	24.7	24.7	NUM
ajebi-561	128	33	%	%	NOUN
ajebi-561	128	34	,	,	PUNCT
ajebi-561	128	35	29.1	29.1	NUM
ajebi-561	128	36	%	%	NOUN
ajebi-561	128	37	,	,	PUNCT
ajebi-561	128	38	and	and	CCONJ
ajebi-561	128	39	18.8	18.8	NUM
ajebi-561	128	40	%	%	NOUN
ajebi-561	128	41	,	,	PUNCT
ajebi-561	128	42	respectively	respectively	ADV
ajebi-561	128	43	.	.	PUNCT
ajebi-561	129	1	2.wafer	2.wafer	NUM
ajebi-561	129	2	design	design	NOUN
ajebi-561	129	3	homogenization	homogenization	NOUN
ajebi-561	129	4	.	.	PUNCT
ajebi-561	130	1	with	with	ADP
ajebi-561	130	2	official	official	ADJ
ajebi-561	130	3	backing	backing	NOUN
ajebi-561	130	4	,	,	PUNCT
ajebi-561	130	5	the	the	DET
ajebi-561	130	6	outputs	output	NOUN
ajebi-561	130	7	of	of	ADP
ajebi-561	130	8	foundries	foundry	NOUN
ajebi-561	130	9	in	in	ADP
ajebi-561	130	10	china	china	PROPN
ajebi-561	130	11	and	and	CCONJ
ajebi-561	130	12	other	other	ADJ
ajebi-561	130	13	nations	nation	NOUN
ajebi-561	130	14	continue	continue	VERB
ajebi-561	130	15	to	to	PART
ajebi-561	130	16	rise	rise	VERB
ajebi-561	130	17	,	,	PUNCT
ajebi-561	130	18	putting	put	VERB
ajebi-561	130	19	significant	significant	ADJ
ajebi-561	130	20	pressure	pressure	NOUN
ajebi-561	130	21	on	on	ADP
ajebi-561	130	22	tsmc	tsmc	PROPN
ajebi-561	130	23	’s	’s	PART
ajebi-561	130	24	profit	profit	NOUN
ajebi-561	130	25	margin	margin	NOUN
ajebi-561	130	26	.	.	PUNCT
ajebi-561	131	1	emerging	emerge	VERB
ajebi-561	131	2	firms	firm	NOUN
ajebi-561	131	3	will	will	AUX
ajebi-561	131	4	exert	exert	VERB
ajebi-561	131	5	considerably	considerably	ADV
ajebi-561	131	6	more	more	ADJ
ajebi-561	131	7	effort	effort	NOUN
ajebi-561	131	8	in	in	ADP
ajebi-561	131	9	the	the	DET
ajebi-561	131	10	research	research	NOUN
ajebi-561	131	11	and	and	CCONJ
ajebi-561	131	12	development	development	NOUN
ajebi-561	131	13	of	of	ADP
ajebi-561	131	14	new	new	ADJ
ajebi-561	131	15	kinds	kind	NOUN
ajebi-561	131	16	of	of	ADP
ajebi-561	131	17	chips	chip	NOUN
ajebi-561	131	18	,	,	PUNCT
ajebi-561	131	19	thus	thus	ADV
ajebi-561	131	20	tsmc	tsmc	PROPN
ajebi-561	131	21	confronts	confront	VERB
ajebi-561	131	22	intense	intense	ADJ
ajebi-561	131	23	competition	competition	NOUN
ajebi-561	131	24	in	in	ADP
ajebi-561	131	25	both	both	CCONJ
ajebi-561	131	26	old	old	ADJ
ajebi-561	131	27	and	and	CCONJ
ajebi-561	131	28	new	new	ADJ
ajebi-561	131	29	industries	industry	NOUN
ajebi-561	131	30	.	.	PUNCT
ajebi-561	132	1	3	3	X
ajebi-561	132	2	.	.	X
ajebi-561	132	3	the	the	DET
ajebi-561	132	4	global	global	ADJ
ajebi-561	132	5	economy	economy	NOUN
ajebi-561	132	6	confronts	confront	VERB
ajebi-561	132	7	new	new	ADJ
ajebi-561	132	8	obstacles	obstacle	NOUN
ajebi-561	132	9	.	.	PUNCT
ajebi-561	133	1	as	as	SCONJ
ajebi-561	133	2	the	the	DET
ajebi-561	133	3	pandemic	pandemic	ADJ
ajebi-561	133	4	persists	persist	NOUN
ajebi-561	133	5	and	and	CCONJ
ajebi-561	133	6	the	the	DET
ajebi-561	133	7	global	global	ADJ
ajebi-561	133	8	supply	supply	NOUN
ajebi-561	133	9	chain	chain	NOUN
ajebi-561	133	10	continues	continue	VERB
ajebi-561	133	11	to	to	PART
ajebi-561	133	12	be	be	AUX
ajebi-561	133	13	stressed	stress	VERB
ajebi-561	133	14	,	,	PUNCT
ajebi-561	133	15	global	global	ADJ
ajebi-561	133	16	commerce	commerce	NOUN
ajebi-561	133	17	and	and	CCONJ
ajebi-561	133	18	industry	industry	NOUN
ajebi-561	133	19	face	face	VERB
ajebi-561	133	20	growing	grow	VERB
ajebi-561	133	21	uncertainty	uncertainty	NOUN
ajebi-561	133	22	:	:	PUNCT
ajebi-561	133	23	the	the	DET
ajebi-561	133	24	world	world	NOUN
ajebi-561	133	25	’s	’s	PART
ajebi-561	133	26	major	major	ADJ
ajebi-561	133	27	economies	economy	NOUN
ajebi-561	133	28	are	be	AUX
ajebi-561	133	29	facing	face	VERB
ajebi-561	133	30	economic	economic	ADJ
ajebi-561	133	31	risk	risk	NOUN
ajebi-561	133	32	,	,	PUNCT
ajebi-561	133	33	china	china	PROPN
ajebi-561	133	34	’s	’s	PART
ajebi-561	133	35	deleveraging	deleverage	VERB
ajebi-561	133	36	task	task	NOUN
ajebi-561	133	37	is	be	AUX
ajebi-561	133	38	arduous	arduous	ADJ
ajebi-561	133	39	,	,	PUNCT
ajebi-561	133	40	the	the	DET
ajebi-561	133	41	us	us	PROPN
ajebi-561	133	42	stock	stock	NOUN
ajebi-561	133	43	market	market	NOUN
ajebi-561	133	44	is	be	AUX
ajebi-561	133	45	in	in	ADP
ajebi-561	133	46	a	a	DET
ajebi-561	133	47	false	false	ADJ
ajebi-561	133	48	prosperity	prosperity	NOUN
ajebi-561	133	49	,	,	PUNCT
ajebi-561	133	50	the	the	DET
ajebi-561	133	51	cloud	cloud	NOUN
ajebi-561	133	52	of	of	ADP
ajebi-561	133	53	trade	trade	NOUN
ajebi-561	133	54	war	war	NOUN
ajebi-561	133	55	does	do	AUX
ajebi-561	133	56	not	not	PART
ajebi-561	133	57	dissipate	dissipate	VERB
ajebi-561	133	58	,	,	PUNCT
ajebi-561	133	59	and	and	CCONJ
ajebi-561	133	60	europe	europe	PROPN
ajebi-561	133	61	and	and	CCONJ
ajebi-561	133	62	japan	japan	PROPN
ajebi-561	133	63	have	have	VERB
ajebi-561	133	64	sluggish	sluggish	ADJ
ajebi-561	133	65	growth	growth	NOUN
ajebi-561	133	66	.	.	PUNCT
ajebi-561	134	1	unis	unis	PROPN
ajebi-561	134	2	group	group	NOUN
ajebi-561	134	3	before	before	ADP
ajebi-561	134	4	1980	1980	NUM
ajebi-561	134	5	,	,	PUNCT
ajebi-561	134	6	china	china	PROPN
ajebi-561	134	7	’s	’s	PART
ajebi-561	134	8	ic	ic	PROPN
ajebi-561	134	9	industry	industry	NOUN
ajebi-561	134	10	was	be	AUX
ajebi-561	134	11	all	all	PRON
ajebi-561	134	12	but	but	CCONJ
ajebi-561	134	13	nonexistent	nonexistent	ADJ
ajebi-561	134	14	(	(	PUNCT
ajebi-561	134	15	chen	chen	PROPN
ajebi-561	134	16	,	,	PUNCT
ajebi-561	134	17	2020	2020	NUM
ajebi-561	134	18	)	)	PUNCT
ajebi-561	134	19	.	.	PUNCT
ajebi-561	135	1	china	china	PROPN
ajebi-561	135	2	contributed	contribute	VERB
ajebi-561	135	3	less	less	ADJ
ajebi-561	135	4	than	than	ADP
ajebi-561	135	5	1	1	NUM
ajebi-561	135	6	%	%	NOUN
ajebi-561	135	7	of	of	ADP
ajebi-561	135	8	all	all	DET
ajebi-561	135	9	ic	ic	PROPN
ajebi-561	135	10	production	production	NOUN
ajebi-561	135	11	in	in	ADP
ajebi-561	135	12	the	the	DET
ajebi-561	135	13	globe	globe	NOUN
ajebi-561	135	14	in	in	ADP
ajebi-561	135	15	1996	1996	NUM
ajebi-561	135	16	.	.	PUNCT
ajebi-561	136	1	but	but	CCONJ
ajebi-561	136	2	the	the	DET
ajebi-561	136	3	strength	strength	NOUN
ajebi-561	136	4	of	of	ADP
ajebi-561	136	5	the	the	DET
ajebi-561	136	6	country	country	NOUN
ajebi-561	136	7	’s	’s	PART
ajebi-561	136	8	burgeoning	burgeon	VERB
ajebi-561	136	9	electronics	electronic	NOUN
ajebi-561	136	10	industry	industry	NOUN
ajebi-561	136	11	being	be	AUX
ajebi-561	136	12	a	a	DET
ajebi-561	136	13	major	major	ADJ
ajebi-561	136	14	exporter	exporter	NOUN
ajebi-561	136	15	promises	promise	VERB
ajebi-561	136	16	a	a	DET
ajebi-561	136	17	ready	ready	ADJ
ajebi-561	136	18	market	market	NOUN
ajebi-561	136	19	for	for	ADP
ajebi-561	136	20	any	any	DET
ajebi-561	136	21	acceptable	acceptable	ADJ
ajebi-561	136	22	ic	ic	INTJ
ajebi-561	136	23	that	that	SCONJ
ajebi-561	136	24	chinese	chinese	ADJ
ajebi-561	136	25	wafer	wafer	NOUN
ajebi-561	136	26	fabrication	fabrication	NOUN
ajebi-561	136	27	factories	factory	NOUN
ajebi-561	136	28	can	can	AUX
ajebi-561	136	29	provide	provide	VERB
ajebi-561	136	30	(	(	PUNCT
ajebi-561	136	31	hauge	hauge	NOUN
ajebi-561	136	32	,	,	PUNCT
ajebi-561	136	33	2019	2019	NUM
ajebi-561	136	34	)	)	PUNCT
ajebi-561	136	35	.	.	PUNCT
ajebi-561	137	1	global	global	ADJ
ajebi-561	137	2	corporations	corporation	NOUN
ajebi-561	137	3	including	include	VERB
ajebi-561	137	4	motorola	motorola	PROPN
ajebi-561	137	5	,	,	PUNCT
ajebi-561	137	6	nec	nec	PROPN
ajebi-561	137	7	,	,	PUNCT
ajebi-561	137	8	mitsubishi	mitsubishi	PROPN
ajebi-561	137	9	,	,	PUNCT
ajebi-561	137	10	stmicroelectronics	stmicroelectronic	NOUN
ajebi-561	137	11	,	,	PUNCT
ajebi-561	137	12	philips	philip	NOUN
ajebi-561	137	13	,	,	PUNCT
ajebi-561	137	14	siemens	siemen	NOUN
ajebi-561	137	15	,	,	PUNCT
ajebi-561	137	16	and	and	CCONJ
ajebi-561	137	17	toshiba	toshiba	PROPN
ajebi-561	137	18	are	be	AUX
ajebi-561	137	19	assisting	assist	VERB
ajebi-561	137	20	this	this	DET
ajebi-561	137	21	emerging	emerge	VERB
ajebi-561	137	22	semiconductor	semiconductor	NOUN
ajebi-561	137	23	sector	sector	NOUN
ajebi-561	137	24	.	.	PUNCT
ajebi-561	138	1	these	these	DET
ajebi-561	138	2	businesses	business	NOUN
ajebi-561	138	3	are	be	AUX
ajebi-561	138	4	constructing	construct	VERB
ajebi-561	138	5	wafer	wafer	NOUN
ajebi-561	138	6	fabs	fab	NOUN
ajebi-561	138	7	,	,	PUNCT
ajebi-561	138	8	spending	spend	VERB
ajebi-561	138	9	money	money	NOUN
ajebi-561	138	10	,	,	PUNCT
ajebi-561	138	11	transferring	transfer	VERB
ajebi-561	138	12	technology	technology	NOUN
ajebi-561	138	13	,	,	PUNCT
ajebi-561	138	14	and	and	CCONJ
ajebi-561	138	15	establishing	establish	VERB
ajebi-561	138	16	joint	joint	ADJ
ajebi-561	138	17	ventures	venture	NOUN
ajebi-561	138	18	with	with	ADP
ajebi-561	138	19	chinese	chinese	ADJ
ajebi-561	138	20	partners	partner	NOUN
ajebi-561	138	21	.	.	PUNCT
ajebi-561	139	1	china	china	PROPN
ajebi-561	139	2	’s	’s	PART
ajebi-561	139	3	ic	ic	PROPN
ajebi-561	139	4	output	output	PROPN
ajebi-561	139	5	is	be	AUX
ajebi-561	139	6	unable	unable	ADJ
ajebi-561	139	7	to	to	PART
ajebi-561	139	8	satisfy	satisfy	VERB
ajebi-561	139	9	local	local	ADJ
ajebi-561	139	10	demand	demand	NOUN
ajebi-561	139	11	despite	despite	SCONJ
ajebi-561	139	12	fast	fast	ADJ
ajebi-561	139	13	increases	increase	NOUN
ajebi-561	139	14	in	in	ADP
ajebi-561	139	15	production	production	NOUN
ajebi-561	139	16	capacity	capacity	NOUN
ajebi-561	139	17	and	and	CCONJ
ajebi-561	139	18	technical	technical	ADJ
ajebi-561	139	19	advancement	advancement	NOUN
ajebi-561	139	20	.	.	PUNCT
ajebi-561	140	1	in	in	ADP
ajebi-561	140	2	the	the	DET
ajebi-561	140	3	2000s	2000s	NUM
ajebi-561	140	4	,	,	PUNCT
ajebi-561	140	5	two	two	NUM
ajebi-561	140	6	-	-	PUNCT
ajebi-561	140	7	thirds	third	NOUN
ajebi-561	140	8	to	to	ADP
ajebi-561	140	9	four	four	NUM
ajebi-561	140	10	-	-	PUNCT
ajebi-561	140	11	fifths	fifth	NOUN
ajebi-561	140	12	of	of	ADP
ajebi-561	140	13	china	china	PROPN
ajebi-561	140	14	’s	’s	PART
ajebi-561	140	15	required	require	VERB
ajebi-561	140	16	ics	ic	NOUN
ajebi-561	140	17	came	come	VERB
ajebi-561	140	18	from	from	ADP
ajebi-561	140	19	imports	import	NOUN
ajebi-561	140	20	.	.	PUNCT
ajebi-561	141	1	in	in	ADP
ajebi-561	141	2	order	order	NOUN
ajebi-561	141	3	to	to	PART
ajebi-561	141	4	lessen	lessen	VERB
ajebi-561	141	5	its	its	PRON
ajebi-561	141	6	reliance	reliance	NOUN
ajebi-561	141	7	on	on	ADP
ajebi-561	141	8	foreign	foreign	ADJ
ajebi-561	141	9	integrated	integrate	VERB
ajebi-561	141	10	circuit	circuit	NOUN
ajebi-561	141	11	goods	good	NOUN
ajebi-561	141	12	,	,	PUNCT
ajebi-561	141	13	the	the	DET
ajebi-561	141	14	chinese	chinese	ADJ
ajebi-561	141	15	government	government	NOUN
ajebi-561	141	16	is	be	AUX
ajebi-561	141	17	actively	actively	ADV
ajebi-561	141	18	increasing	increase	VERB
ajebi-561	141	19	domestic	domestic	ADJ
ajebi-561	141	20	manufacture	manufacture	NOUN
ajebi-561	141	21	of	of	ADP
ajebi-561	141	22	integrated	integrated	ADJ
ajebi-561	141	23	circuits	circuit	NOUN
ajebi-561	141	24	.	.	PUNCT
ajebi-561	142	1	chinese	chinese	ADJ
ajebi-561	142	2	chips	chip	NOUN
ajebi-561	142	3	still	still	ADV
ajebi-561	142	4	depend	depend	VERB
ajebi-561	142	5	significantly	significantly	ADV
ajebi-561	142	6	on	on	ADP
ajebi-561	142	7	imports	import	NOUN
ajebi-561	142	8	as	as	ADP
ajebi-561	142	9	of	of	ADP
ajebi-561	142	10	2021	2021	NUM
ajebi-561	142	11	,	,	PUNCT
ajebi-561	142	12	however	however	ADV
ajebi-561	142	13	.	.	PUNCT
ajebi-561	143	1	china	china	PROPN
ajebi-561	143	2	imported	import	VERB
ajebi-561	143	3	635.48	635.48	NUM
ajebi-561	143	4	billion	billion	NUM
ajebi-561	143	5	chips	chip	NOUN
ajebi-561	143	6	in	in	ADP
ajebi-561	143	7	total	total	NOUN
ajebi-561	143	8	in	in	ADP
ajebi-561	143	9	2021	2021	NUM
ajebi-561	143	10	,	,	PUNCT
ajebi-561	143	11	a	a	DET
ajebi-561	143	12	16.9	16.9	NUM
ajebi-561	143	13	%	%	NOUN
ajebi-561	143	14	rise	rise	NOUN
ajebi-561	143	15	from	from	ADP
ajebi-561	143	16	the	the	DET
ajebi-561	143	17	previous	previous	ADJ
ajebi-561	143	18	year	year	NOUN
ajebi-561	143	19	.	.	PUNCT
ajebi-561	144	1	the	the	DET
ajebi-561	144	2	historical	historical	ADJ
ajebi-561	144	3	backdrops	backdrop	NOUN
ajebi-561	144	4	of	of	ADP
ajebi-561	144	5	japan	japan	PROPN
ajebi-561	144	6	,	,	PUNCT
ajebi-561	144	7	south	south	PROPN
ajebi-561	144	8	korea	korea	PROPN
ajebi-561	144	9	,	,	PUNCT
ajebi-561	144	10	and	and	CCONJ
ajebi-561	144	11	china	china	PROPN
ajebi-561	144	12	’s	’s	PART
ajebi-561	144	13	transfer	transfer	NOUN
ajebi-561	144	14	of	of	ADP
ajebi-561	144	15	semiconductor	semiconductor	NOUN
ajebi-561	144	16	industrial	industrial	ADJ
ajebi-561	144	17	chains	chain	NOUN
ajebi-561	144	18	are	be	AUX
ajebi-561	144	19	analogous	analogous	ADJ
ajebi-561	144	20	,	,	PUNCT
ajebi-561	144	21	allowing	allow	VERB
ajebi-561	144	22	for	for	ADP
ajebi-561	144	23	the	the	DET
ajebi-561	144	24	promotion	promotion	NOUN
ajebi-561	144	25	of	of	ADP
ajebi-561	144	26	the	the	DET
ajebi-561	144	27	industry	industry	NOUN
ajebi-561	144	28	with	with	ADP
ajebi-561	144	29	strong	strong	ADJ
ajebi-561	144	30	government	government	NOUN
ajebi-561	144	31	support	support	NOUN
ajebi-561	144	32	.	.	PUNCT
ajebi-561	145	1	benefiting	benefit	VERB
ajebi-561	145	2	from	from	ADP
ajebi-561	145	3	the	the	DET
ajebi-561	145	4	two	two	NUM
ajebi-561	145	5	fundamental	fundamental	ADJ
ajebi-561	145	6	trends	trend	NOUN
ajebi-561	145	7	of	of	ADP
ajebi-561	145	8	localization	localization	NOUN
ajebi-561	145	9	and	and	CCONJ
ajebi-561	145	10	the	the	DET
ajebi-561	145	11	third	third	ADJ
ajebi-561	145	12	transfer	transfer	NOUN
ajebi-561	145	13	of	of	ADP
ajebi-561	145	14	the	the	DET
ajebi-561	145	15	semiconductor	semiconductor	NOUN
ajebi-561	145	16	industry	industry	NOUN
ajebi-561	145	17	,	,	PUNCT
ajebi-561	145	18	china	china	PROPN
ajebi-561	145	19	’s	’s	PART
ajebi-561	145	20	chip	chip	NOUN
ajebi-561	145	21	localization	localization	NOUN
ajebi-561	145	22	sector	sector	NOUN
ajebi-561	145	23	has	have	VERB
ajebi-561	145	24	huge	huge	ADJ
ajebi-561	145	25	potential	potential	NOUN
ajebi-561	145	26	in	in	ADP
ajebi-561	145	27	the	the	DET
ajebi-561	145	28	localization	localization	NOUN
ajebi-561	145	29	of	of	ADP
ajebi-561	145	30	low	low	ADJ
ajebi-561	145	31	-	-	PUNCT
ajebi-561	145	32	end	end	NOUN
ajebi-561	145	33	semiconductor	semiconductor	NOUN
ajebi-561	145	34	goods	good	NOUN
ajebi-561	145	35	,	,	PUNCT
ajebi-561	145	36	while	while	SCONJ
ajebi-561	145	37	high	high	ADJ
ajebi-561	145	38	-	-	PUNCT
ajebi-561	145	39	end	end	NOUN
ajebi-561	145	40	products	product	NOUN
ajebi-561	145	41	must	must	AUX
ajebi-561	145	42	be	be	AUX
ajebi-561	145	43	further	far	ADV
ajebi-561	145	44	developed	develop	VERB
ajebi-561	145	45	and	and	CCONJ
ajebi-561	145	46	improved	improve	VERB
ajebi-561	145	47	.	.	PUNCT
ajebi-561	146	1	tsinghua	tsinghua	PROPN
ajebi-561	146	2	unisplendour	unisplendour	PROPN
ajebi-561	146	3	,	,	PUNCT
ajebi-561	146	4	also	also	ADV
ajebi-561	146	5	known	know	VERB
ajebi-561	146	6	as	as	ADP
ajebi-561	146	7	unis	uni	NOUN
ajebi-561	146	8	,	,	PUNCT
ajebi-561	146	9	was	be	AUX
ajebi-561	146	10	founded	found	VERB
ajebi-561	146	11	in	in	ADP
ajebi-561	146	12	1999	1999	NUM
ajebi-561	146	13	.	.	PUNCT
ajebi-561	147	1	it	it	PRON
ajebi-561	147	2	is	be	AUX
ajebi-561	147	3	currently	currently	ADV
ajebi-561	147	4	an	an	DET
ajebi-561	147	5	a	a	DET
ajebi-561	147	6	-	-	PUNCT
ajebi-561	147	7	shares	share	NOUN
ajebi-561	147	8	listed	list	VERB
ajebi-561	147	9	technology	technology	NOUN
ajebi-561	147	10	company	company	NOUN
ajebi-561	147	11	specializing	specialize	VERB
ajebi-561	147	12	in	in	ADP
ajebi-561	147	13	electronics	electronic	NOUN
ajebi-561	147	14	and	and	CCONJ
ajebi-561	147	15	information	information	NOUN
ajebi-561	147	16	technology	technology	NOUN
ajebi-561	147	17	.	.	PUNCT
ajebi-561	148	1	it	it	PRON
ajebi-561	148	2	is	be	AUX
ajebi-561	148	3	also	also	ADV
ajebi-561	148	4	the	the	DET
ajebi-561	148	5	first	first	ADJ
ajebi-561	148	6	university	university	NOUN
ajebi-561	148	7	-	-	PUNCT
ajebi-561	148	8	owned	own	VERB
ajebi-561	148	9	company	company	NOUN
ajebi-561	148	10	of	of	ADP
ajebi-561	148	11	tsinghua	tsinghua	PROPN
ajebi-561	148	12	university	university	PROPN
ajebi-561	148	13	,	,	PUNCT
ajebi-561	148	14	and	and	CCONJ
ajebi-561	148	15	it	it	PRON
ajebi-561	148	16	works	work	VERB
ajebi-561	148	17	to	to	PART
ajebi-561	148	18	promote	promote	VERB
ajebi-561	148	19	the	the	DET
ajebi-561	148	20	industrialization	industrialization	NOUN
ajebi-561	148	21	of	of	ADP
ajebi-561	148	22	scientific	scientific	ADJ
ajebi-561	148	23	and	and	CCONJ
ajebi-561	148	24	technological	technological	ADJ
ajebi-561	148	25	achievements	achievement	NOUN
ajebi-561	148	26	(	(	PUNCT
ajebi-561	148	27	cai	cai	X
ajebi-561	148	28	et	et	PROPN
ajebi-561	148	29	al	al	PROPN
ajebi-561	148	30	.	.	PROPN
ajebi-561	148	31	,	,	PUNCT
ajebi-561	148	32	2015	2015	NUM
ajebi-561	148	33	)	)	PUNCT
ajebi-561	148	34	.	.	PUNCT
ajebi-561	149	1	initially	initially	ADV
ajebi-561	149	2	,	,	PUNCT
ajebi-561	149	3	it	it	PRON
ajebi-561	149	4	was	be	AUX
ajebi-561	149	5	a	a	DET
ajebi-561	149	6	high	high	ADJ
ajebi-561	149	7	-	-	PUNCT
ajebi-561	149	8	tech	tech	NOUN
ajebi-561	149	9	business	business	NOUN
ajebi-561	149	10	that	that	PRON
ajebi-561	149	11	focused	focus	VERB
ajebi-561	149	12	mostly	mostly	ADV
ajebi-561	149	13	on	on	ADP
ajebi-561	149	14	software	software	NOUN
ajebi-561	149	15	development	development	NOUN
ajebi-561	149	16	.	.	PUNCT
ajebi-561	150	1	compared	compare	VERB
ajebi-561	150	2	to	to	ADP
ajebi-561	150	3	tmsc	tmsc	NOUN
ajebi-561	150	4	,	,	PUNCT
ajebi-561	150	5	unis	uni	NOUN
ajebi-561	150	6	entered	enter	VERB
ajebi-561	150	7	the	the	DET
ajebi-561	150	8	semiconductor	semiconductor	NOUN
ajebi-561	150	9	market	market	NOUN
ajebi-561	150	10	much	much	ADV
ajebi-561	150	11	later	later	ADV
ajebi-561	150	12	,	,	PUNCT
ajebi-561	150	13	but	but	CCONJ
ajebi-561	150	14	it	it	PRON
ajebi-561	150	15	has	have	AUX
ajebi-561	150	16	become	become	VERB
ajebi-561	150	17	a	a	DET
ajebi-561	150	18	rising	rise	VERB
ajebi-561	150	19	force	force	NOUN
ajebi-561	150	20	and	and	CCONJ
ajebi-561	150	21	is	be	AUX
ajebi-561	150	22	expanding	expand	VERB
ajebi-561	150	23	rapidly	rapidly	ADV
ajebi-561	150	24	.	.	PUNCT
ajebi-561	151	1	after	after	ADP
ajebi-561	151	2	2009	2009	NUM
ajebi-561	151	3	,	,	PUNCT
ajebi-561	151	4	when	when	SCONJ
ajebi-561	151	5	zhao	zhao	PROPN
ajebi-561	151	6	weiguo	weiguo	PROPN
ajebi-561	151	7	became	become	VERB
ajebi-561	151	8	ceo	ceo	NOUN
ajebi-561	151	9	of	of	ADP
ajebi-561	151	10	unisplendour	unisplendour	NOUN
ajebi-561	151	11	,	,	PUNCT
ajebi-561	151	12	the	the	DET
ajebi-561	151	13	company	company	NOUN
ajebi-561	151	14	entered	enter	VERB
ajebi-561	151	15	the	the	DET
ajebi-561	151	16	semiconductor	semiconductor	NOUN
ajebi-561	151	17	market	market	NOUN
ajebi-561	151	18	;	;	PUNCT
ajebi-561	151	19	however	however	ADV
ajebi-561	151	20	,	,	PUNCT
ajebi-561	151	21	it	it	PRON
ajebi-561	151	22	was	be	AUX
ajebi-561	151	23	later	later	ADV
ajebi-561	151	24	revealed	reveal	VERB
ajebi-561	151	25	that	that	SCONJ
ajebi-561	151	26	zhao	zhao	PROPN
ajebi-561	151	27	’s	’s	PART
ajebi-561	151	28	primary	primary	ADJ
ajebi-561	151	29	business	business	NOUN
ajebi-561	151	30	income	income	NOUN
ajebi-561	151	31	was	be	AUX
ajebi-561	151	32	derived	derive	VERB
ajebi-561	151	33	from	from	ADP
ajebi-561	151	34	the	the	DET
ajebi-561	151	35	expansion	expansion	NOUN
ajebi-561	151	36	of	of	ADP
ajebi-561	151	37	the	the	DET
ajebi-561	151	38	real	real	ADJ
ajebi-561	151	39	estate	estate	NOUN
ajebi-561	151	40	industry	industry	NOUN
ajebi-561	151	41	(	(	PUNCT
ajebi-561	151	42	zhang	zhang	PROPN
ajebi-561	151	43	&	&	CCONJ
ajebi-561	151	44	lan	lan	PROPN
ajebi-561	151	45	,	,	PUNCT
ajebi-561	151	46	2022	2022	NUM
ajebi-561	151	47	)	)	PUNCT
ajebi-561	151	48	;	;	PUNCT
ajebi-561	151	49	since	since	SCONJ
ajebi-561	151	50	then	then	ADV
ajebi-561	151	51	,	,	PUNCT
ajebi-561	151	52	unisplendour	unisplendour	NOUN
ajebi-561	151	53	has	have	AUX
ajebi-561	151	54	grown	grow	VERB
ajebi-561	151	55	incredibly	incredibly	ADV
ajebi-561	151	56	quickly	quickly	ADV
ajebi-561	151	57	in	in	ADP
ajebi-561	151	58	this	this	DET
ajebi-561	151	59	industry	industry	NOUN
ajebi-561	151	60	by	by	ADP
ajebi-561	151	61	acquiring	acquire	VERB
ajebi-561	151	62	numerous	numerous	ADJ
ajebi-561	151	63	other	other	ADJ
ajebi-561	151	64	corporations	corporation	NOUN
ajebi-561	151	65	.	.	PUNCT
ajebi-561	152	1	in	in	ADP
ajebi-561	152	2	june	june	PROPN
ajebi-561	152	3	2013	2013	NUM
ajebi-561	152	4	,	,	PUNCT
ajebi-561	152	5	unis	uni	NOUN
ajebi-561	152	6	acquired	acquire	VERB
ajebi-561	152	7	spreadtrum	spreadtrum	NOUN
ajebi-561	152	8	communications	communication	NOUN
ajebi-561	152	9	,	,	PUNCT
ajebi-561	152	10	which	which	PRON
ajebi-561	152	11	was	be	AUX
ajebi-561	152	12	ranked	rank	VERB
ajebi-561	152	13	first	first	ADV
ajebi-561	152	14	in	in	ADP
ajebi-561	152	15	china	china	PROPN
ajebi-561	152	16	and	and	CCONJ
ajebi-561	152	17	third	third	ADV
ajebi-561	152	18	in	in	ADP
ajebi-561	152	19	the	the	DET
ajebi-561	152	20	world	world	NOUN
ajebi-561	152	21	in	in	ADP
ajebi-561	152	22	the	the	DET
ajebi-561	152	23	field	field	NOUN
ajebi-561	152	24	of	of	ADP
ajebi-561	152	25	mobile	mobile	ADJ
ajebi-561	152	26	communication	communication	NOUN
ajebi-561	152	27	baseband	baseband	NOUN
ajebi-561	152	28	chip	chip	NOUN
ajebi-561	152	29	design	design	NOUN
ajebi-561	152	30	.	.	PUNCT
ajebi-561	153	1	the	the	DET
ajebi-561	153	2	following	following	ADJ
ajebi-561	153	3	year	year	NOUN
ajebi-561	153	4	,	,	PUNCT
ajebi-561	153	5	unis	uni	NOUN
ajebi-561	153	6	acquired	acquire	VERB
ajebi-561	153	7	table	table	NOUN
ajebi-561	153	8	3	3	NUM
ajebi-561	153	9	:	:	PUNCT
ajebi-561	153	10	top	top	ADJ
ajebi-561	153	11	semiconductor	semiconductor	NOUN
ajebi-561	153	12	r&d	r&d	NOUN
ajebi-561	153	13	spender	spender	NOUN
ajebi-561	153	14	in	in	ADP
ajebi-561	153	15	2016	2016	NUM
ajebi-561	153	16	and	and	CCONJ
ajebi-561	153	17	2017	2017	NUM
ajebi-561	153	18	.	.	PUNCT
ajebi-561	154	1	source	source	NOUN
ajebi-561	154	2	:	:	PUNCT
ajebi-561	154	3	ic	ic	PROPN
ajebi-561	154	4	insight	insight	PROPN
ajebi-561	154	5	’s	’s	PART
ajebi-561	154	6	strategic	strategic	ADJ
ajebi-561	154	7	review	review	NOUN
ajebi-561	154	8	database	database	NOUN
ajebi-561	154	9	.	.	PUNCT
ajebi-561	155	1	2016	2016	NUM
ajebi-561	155	2	company	company	NOUN
ajebi-561	155	3	2016	2016	NUM
ajebi-561	155	4	r&d	r&d	NOUN
ajebi-561	155	5	spending	spending	NOUN
ajebi-561	155	6	(	(	PUNCT
ajebi-561	155	7	million	million	NUM
ajebi-561	155	8	$	$	SYM
ajebi-561	155	9	)	)	PUNCT
ajebi-561	155	10	2016	2016	NUM
ajebi-561	155	11	r&d/	r&d/	NOUN
ajebi-561	155	12	sales	sale	NOUN
ajebi-561	155	13	(	(	PUNCT
ajebi-561	155	14	%	%	INTJ
ajebi-561	155	15	)	)	PUNCT
ajebi-561	155	16	2017	2017	NUM
ajebi-561	155	17	r&d	r&d	NOUN
ajebi-561	155	18	spending	spending	NOUN
ajebi-561	155	19	(	(	PUNCT
ajebi-561	155	20	million	million	NUM
ajebi-561	155	21	$	$	SYM
ajebi-561	155	22	)	)	PUNCT
ajebi-561	155	23	2017	2017	NUM
ajebi-561	155	24	r&d	r&d	NOUN
ajebi-561	155	25	/	/	SYM
ajebi-561	155	26	sales	sale	NOUN
ajebi-561	155	27	(	(	PUNCT
ajebi-561	155	28	%	%	INTJ
ajebi-561	155	29	)	)	PUNCT
ajebi-561	155	30	1	1	NUM
ajebi-561	155	31	intel	intel	PROPN
ajebi-561	155	32	12740	12740	NUM
ajebi-561	155	33	22.4	22.4	NUM
ajebi-561	155	34	13098	13098	NUM
ajebi-561	155	35	21.2	21.2	NUM
ajebi-561	155	36	2	2	NUM
ajebi-561	155	37	qualcomm	qualcomm	NOUN
ajebi-561	155	38	5109	5109	NUM
ajebi-561	155	39	33.1	33.1	NUM
ajebi-561	155	40	3450	3450	NUM
ajebi-561	155	41	20.2	20.2	NUM
ajebi-561	155	42	3	3	NUM
ajebi-561	155	43	broadcomm	broadcomm	NOUN
ajebi-561	155	44	3188	3188	NUM
ajebi-561	155	45	20.5	20.5	NUM
ajebi-561	155	46	3423	3423	NUM
ajebi-561	155	47	19.2	19.2	NUM
ajebi-561	155	48	4	4	NUM
ajebi-561	155	49	samsung	samsung	PROPN
ajebi-561	155	50	2881	2881	NUM
ajebi-561	155	51	6.5	6.5	NUM
ajebi-561	155	52	3415	3415	NUM
ajebi-561	155	53	5.2	5.2	NUM
ajebi-561	155	54	5	5	NUM
ajebi-561	155	55	toshiba	toshiba	NOUN
ajebi-561	155	56	2777	2777	NUM
ajebi-561	155	57	27.6	27.6	NUM
ajebi-561	155	58	2670	2670	NUM
ajebi-561	155	59	20.0	20.0	NUM
ajebi-561	155	60	6	6	NUM
ajebi-561	155	61	tsmc	tsmc	PROPN
ajebi-561	155	62	2215	2215	NUM
ajebi-561	155	63	7.5	7.5	NUM
ajebi-561	155	64	2656	2656	NUM
ajebi-561	155	65	8.3	8.3	NUM
ajebi-561	155	66	7	7	NUM
ajebi-561	155	67	media	medium	NOUN
ajebi-561	155	68	tek	tek	VERB
ajebi-561	155	69	1730	1730	NUM
ajebi-561	155	70	20.2	20.2	NUM
ajebi-561	155	71	1881	1881	NUM
ajebi-561	155	72	24.0	24.0	NUM
ajebi-561	155	73	8	8	NUM
ajebi-561	155	74	micron	micron	NOUN
ajebi-561	155	75	1681	1681	NUM
ajebi-561	155	76	11.1	11.1	NUM
ajebi-561	155	77	1802	1802	NUM
ajebi-561	155	78	7.5	7.5	NUM
ajebi-561	155	79	9	9	NUM
ajebi-561	155	80	nvidia	nvidia	PROPN
ajebi-561	155	81	1560	1560	NUM
ajebi-561	155	82	16.4	16.4	NUM
ajebi-561	155	83	1797	1797	NUM
ajebi-561	155	84	19.1	19.1	NUM
ajebi-561	155	85	10	10	NUM
ajebi-561	155	86	sk	sk	PROPN
ajebi-561	155	87	hynix	hynix	NOUN
ajebi-561	155	88	1514	1514	NUM
ajebi-561	155	89	10.1	10.1	NUM
ajebi-561	155	90	1792	1792	NUM
ajebi-561	155	91	6.5	6.5	NUM
ajebi-561	155	92	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	155	93	pa	pa	PROPN
ajebi-561	155	94	ge	ge	PROPN
ajebi-561	155	95	28	28	NUM
ajebi-561	155	96	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	155	97	am	am	NOUN
ajebi-561	155	98	.	.	PUNCT
ajebi-561	156	1	j.	j.	PROPN
ajebi-561	156	2	econ	econ	PROPN
ajebi-561	156	3	.	.	PUNCT
ajebi-561	156	4	bus	bus	PROPN
ajebi-561	156	5	.	.	PUNCT
ajebi-561	157	1	innov	innov	PROPN
ajebi-561	157	2	.	.	PUNCT
ajebi-561	158	1	1(3	1(3	NUM
ajebi-561	158	2	)	)	PUNCT
ajebi-561	158	3	24	24	NUM
ajebi-561	158	4	-	-	SYM
ajebi-561	158	5	35	35	NUM
ajebi-561	158	6	,	,	PUNCT
ajebi-561	158	7	2022	2022	NUM
ajebi-561	158	8	rda	rda	NOUN
ajebi-561	158	9	microelectronics	microelectronic	NOUN
ajebi-561	158	10	,	,	PUNCT
ajebi-561	158	11	which	which	PRON
ajebi-561	158	12	was	be	AUX
ajebi-561	158	13	ranked	rank	VERB
ajebi-561	158	14	second	second	ADV
ajebi-561	158	15	in	in	ADP
ajebi-561	158	16	the	the	DET
ajebi-561	158	17	field	field	NOUN
ajebi-561	158	18	.	.	PUNCT
ajebi-561	159	1	these	these	DET
ajebi-561	159	2	two	two	NUM
ajebi-561	159	3	acquisitions	acquisition	NOUN
ajebi-561	159	4	helped	help	VERB
ajebi-561	159	5	unis	unis	PRON
ajebi-561	159	6	consolidate	consolidate	VERB
ajebi-561	159	7	its	its	PRON
ajebi-561	159	8	leading	lead	VERB
ajebi-561	159	9	position	position	NOUN
ajebi-561	159	10	in	in	ADP
ajebi-561	159	11	the	the	DET
ajebi-561	159	12	field	field	NOUN
ajebi-561	159	13	of	of	ADP
ajebi-561	159	14	mobile	mobile	ADJ
ajebi-561	159	15	communication	communication	NOUN
ajebi-561	159	16	chips	chip	NOUN
ajebi-561	159	17	design	design	NOUN
ajebi-561	159	18	.	.	PUNCT
ajebi-561	160	1	in	in	ADP
ajebi-561	160	2	2017	2017	NUM
ajebi-561	160	3	,	,	PUNCT
ajebi-561	160	4	unis	uni	NOUN
ajebi-561	160	5	became	become	VERB
ajebi-561	160	6	the	the	DET
ajebi-561	160	7	no.10	no.10	ADJ
ajebi-561	160	8	fabless	fabless	NOUN
ajebi-561	160	9	company	company	NOUN
ajebi-561	160	10	in	in	ADP
ajebi-561	160	11	the	the	DET
ajebi-561	160	12	world	world	NOUN
ajebi-561	160	13	and	and	CCONJ
ajebi-561	160	14	the	the	DET
ajebi-561	160	15	no.2	no.2	PROPN
ajebi-561	160	16	fabless	fabless	NOUN
ajebi-561	160	17	business	business	NOUN
ajebi-561	160	18	in	in	ADP
ajebi-561	160	19	china	china	PROPN
ajebi-561	160	20	.	.	PUNCT
ajebi-561	161	1	unlike	unlike	ADP
ajebi-561	161	2	tsmc	tsmc	PROPN
ajebi-561	161	3	,	,	PUNCT
ajebi-561	161	4	unis	unis	PROPN
ajebi-561	161	5	employs	employ	VERB
ajebi-561	161	6	a	a	DET
ajebi-561	161	7	fabless	fabless	ADJ
ajebi-561	161	8	model	model	NOUN
ajebi-561	161	9	,	,	PUNCT
ajebi-561	161	10	meaning	mean	VERB
ajebi-561	161	11	that	that	SCONJ
ajebi-561	161	12	it	it	PRON
ajebi-561	161	13	concentrates	concentrate	VERB
ajebi-561	161	14	primarily	primarily	ADV
ajebi-561	161	15	on	on	ADP
ajebi-561	161	16	its	its	PRON
ajebi-561	161	17	design	design	NOUN
ajebi-561	161	18	capabilities	capability	NOUN
ajebi-561	161	19	and	and	CCONJ
ajebi-561	161	20	does	do	AUX
ajebi-561	161	21	not	not	PART
ajebi-561	161	22	manufacture	manufacture	VERB
ajebi-561	161	23	its	its	PRON
ajebi-561	161	24	own	own	ADJ
ajebi-561	161	25	products	product	NOUN
ajebi-561	161	26	.	.	PUNCT
ajebi-561	162	1	in	in	ADP
ajebi-561	162	2	december	december	PROPN
ajebi-561	162	3	2015	2015	NUM
ajebi-561	162	4	,	,	PUNCT
ajebi-561	162	5	unis	uni	NOUN
ajebi-561	162	6	spent	spend	VERB
ajebi-561	162	7	$	$	SYM
ajebi-561	162	8	11.1	11.1	NUM
ajebi-561	162	9	billion	billion	NUM
ajebi-561	162	10	and	and	CCONJ
ajebi-561	162	11	$	$	SYM
ajebi-561	162	12	2.3	2.3	NUM
ajebi-561	162	13	billion	billion	NUM
ajebi-561	162	14	,	,	PUNCT
ajebi-561	162	15	respectively	respectively	ADV
ajebi-561	162	16	,	,	PUNCT
ajebi-561	162	17	to	to	PART
ajebi-561	162	18	buy	buy	VERB
ajebi-561	162	19	powertech	powertech	NOUN
ajebi-561	162	20	and	and	CCONJ
ajebi-561	162	21	chipmos	chipmos	PROPN
ajebi-561	162	22	,	,	PUNCT
ajebi-561	162	23	both	both	PRON
ajebi-561	162	24	of	of	ADP
ajebi-561	162	25	which	which	PRON
ajebi-561	162	26	are	be	AUX
ajebi-561	162	27	well	well	ADV
ajebi-561	162	28	-	-	PUNCT
ajebi-561	162	29	known	know	VERB
ajebi-561	162	30	chip	chip	NOUN
ajebi-561	162	31	manufacturing	manufacturing	NOUN
ajebi-561	162	32	businesses	business	NOUN
ajebi-561	162	33	.	.	PUNCT
ajebi-561	163	1	table	table	NOUN
ajebi-561	163	2	4	4	NUM
ajebi-561	163	3	:	:	PUNCT
ajebi-561	163	4	the	the	DET
ajebi-561	163	5	top	top	ADJ
ajebi-561	163	6	fabless	fabless	NOUN
ajebi-561	163	7	ic	ic	PROPN
ajebi-561	163	8	companies	company	NOUN
ajebi-561	163	9	in	in	ADP
ajebi-561	163	10	from	from	ADP
ajebi-561	163	11	2017	2017	NUM
ajebi-561	163	12	to	to	ADP
ajebi-561	163	13	2021	2021	NUM
ajebi-561	163	14	(	(	PUNCT
ajebi-561	163	15	million	million	NUM
ajebi-561	163	16	dollars	dollar	NOUN
ajebi-561	163	17	)	)	PUNCT
ajebi-561	163	18	.	.	PUNCT
ajebi-561	164	1	source	source	NOUN
ajebi-561	164	2	:	:	PUNCT
ajebi-561	164	3	ic	ic	PROPN
ajebi-561	164	4	insight	insight	PROPN
ajebi-561	164	5	’s	’s	PART
ajebi-561	164	6	strategic	strategic	ADJ
ajebi-561	164	7	review	review	NOUN
ajebi-561	164	8	database	database	NOUN
ajebi-561	164	9	.	.	PUNCT
ajebi-561	165	1	rank	rank	PROPN
ajebi-561	165	2	company	company	PROPN
ajebi-561	165	3	2017	2017	NUM
ajebi-561	165	4	revenue	revenue	NOUN
ajebi-561	165	5	2017	2017	NUM
ajebi-561	165	6	share	share	NOUN
ajebi-561	165	7	(	(	PUNCT
ajebi-561	165	8	%	%	NOUN
ajebi-561	165	9	)	)	PUNCT
ajebi-561	165	10	2020	2020	NUM
ajebi-561	165	11	revenue	revenue	NOUN
ajebi-561	165	12	2020	2020	NUM
ajebi-561	165	13	share	share	NOUN
ajebi-561	165	14	(	(	PUNCT
ajebi-561	165	15	%	%	NOUN
ajebi-561	165	16	)	)	PUNCT
ajebi-561	165	17	2020	2020	NUM
ajebi-561	165	18	revenue	revenue	NOUN
ajebi-561	165	19	2021	2021	NUM
ajebi-561	165	20	share	share	NOUN
ajebi-561	165	21	1	1	NUM
ajebi-561	165	22	tsmc	tsmc	PROPN
ajebi-561	165	23	32040	32040	NUM
ajebi-561	165	24	55.9	55.9	NUM
ajebi-561	165	25	45562	45562	NUM
ajebi-561	165	26	59.7	59.7	NUM
ajebi-561	165	27	56674	56674	NUM
ajebi-561	165	28	56.6	56.6	NUM
ajebi-561	165	29	2	2	NUM
ajebi-561	165	30	gfoudaries	gfoudarie	NOUN
ajebi-561	165	31	5407	5407	NUM
ajebi-561	165	32	9.4	9.4	NUM
ajebi-561	165	33	4850	4850	NUM
ajebi-561	165	34	6.4	6.4	NUM
ajebi-561	165	35	6585	6585	NUM
ajebi-561	165	36	6.6	6.6	NUM
ajebi-561	165	37	3	3	NUM
ajebi-561	165	38	umc	umc	PROPN
ajebi-561	165	39	4898	4898	NUM
ajebi-561	165	40	8.5	8.5	NUM
ajebi-561	165	41	6009	6009	NUM
ajebi-561	165	42	7.9	7.9	NUM
ajebi-561	165	43	7606	7606	NUM
ajebi-561	165	44	7.6	7.6	NUM
ajebi-561	165	45	4	4	NUM
ajebi-561	165	46	samsung	samsung	PROPN
ajebi-561	165	47	4398	4398	NUM
ajebi-561	165	48	7.7	7.7	NUM
ajebi-561	165	49	5150	5150	NUM
ajebi-561	165	50	6.8	6.8	NUM
ajebi-561	165	51	8537	8537	NUM
ajebi-561	165	52	8.5	8.5	NUM
ajebi-561	165	53	5	5	NUM
ajebi-561	165	54	smic	smic	ADJ
ajebi-561	165	55	3099	3099	NUM
ajebi-561	165	56	5.4	5.4	NUM
ajebi-561	165	57	3907	3907	NUM
ajebi-561	165	58	5.1	5.1	NUM
ajebi-561	165	59	5443	5443	NUM
ajebi-561	165	60	5.4	5.4	NUM
ajebi-561	165	61	6	6	NUM
ajebi-561	165	62	tower	tower	NOUN
ajebi-561	165	63	-	-	PUNCT
ajebi-561	165	64	semi	semi	ADJ
ajebi-561	165	65	1388	1388	NUM
ajebi-561	165	66	2.4	2.4	NUM
ajebi-561	165	67	1266	1266	NUM
ajebi-561	165	68	1.7	1.7	NUM
ajebi-561	165	69	1508	1508	NUM
ajebi-561	165	70	1.5	1.5	NUM
ajebi-561	165	71	7	7	NUM
ajebi-561	165	72	powerchip	powerchip	NOUN
ajebi-561	165	73	1035	1035	NUM
ajebi-561	165	74	1.8	1.8	NUM
ajebi-561	165	75	8	8	NUM
ajebi-561	165	76	specialty	specialty	NOUN
ajebi-561	165	77	ic	ic	NOUN
ajebi-561	165	78	817	817	NUM
ajebi-561	165	79	1.4	1.4	NUM
ajebi-561	165	80	9	9	NUM
ajebi-561	165	81	h	h	NOUN
ajebi-561	165	82	-	-	PUNCT
ajebi-561	165	83	grace	grace	NOUN
ajebi-561	165	84	807	807	NUM
ajebi-561	165	85	1.4	1.4	NUM
ajebi-561	165	86	10	10	NUM
ajebi-561	165	87	dongbu	dongbu	NOUN
ajebi-561	165	88	hitek	hitek	NOUN
ajebi-561	165	89	676	676	NUM
ajebi-561	165	90	1.2	1.2	NUM
ajebi-561	165	91	swot	swot	NOUN
ajebi-561	165	92	analysis	analysis	NOUN
ajebi-561	165	93	of	of	ADP
ajebi-561	165	94	unis	unis	ADJ
ajebi-561	165	95	table	table	NOUN
ajebi-561	165	96	5	5	NUM
ajebi-561	165	97	:	:	PUNCT
ajebi-561	165	98	swot	swot	VERB
ajebi-561	165	99	analysis	analysis	NOUN
ajebi-561	165	100	of	of	ADP
ajebi-561	165	101	unis	unis	NOUN
ajebi-561	165	102	strengths	strength	NOUN
ajebi-561	165	103	weaknesses	weakness	NOUN
ajebi-561	165	104	abundant	abundant	ADJ
ajebi-561	165	105	financial	financial	ADJ
ajebi-561	165	106	resources	resource	NOUN
ajebi-561	165	107	good	good	ADJ
ajebi-561	165	108	brand	brand	NOUN
ajebi-561	165	109	reputation	reputation	NOUN
ajebi-561	165	110	talent	talent	NOUN
ajebi-561	165	111	advantage	advantage	NOUN
ajebi-561	165	112	insufficient	insufficient	ADJ
ajebi-561	165	113	availability	availability	NOUN
ajebi-561	165	114	of	of	ADP
ajebi-561	165	115	top	top	ADJ
ajebi-561	165	116	-	-	PUNCT
ajebi-561	165	117	tier	tier	NOUN
ajebi-561	165	118	talent	talent	NOUN
ajebi-561	165	119	poor	poor	ADJ
ajebi-561	165	120	income	income	NOUN
ajebi-561	165	121	performance	performance	NOUN
ajebi-561	165	122	opportunities	opportunity	NOUN
ajebi-561	165	123	threats	threat	VERB
ajebi-561	165	124	national	national	ADJ
ajebi-561	165	125	policy	policy	NOUN
ajebi-561	165	126	backing	back	VERB
ajebi-561	165	127	us	we	PRON
ajebi-561	165	128	trade	trade	NOUN
ajebi-561	165	129	war	war	NOUN
ajebi-561	165	130	against	against	ADP
ajebi-561	165	131	china	china	PROPN
ajebi-561	165	132	large	large	ADJ
ajebi-561	165	133	market	market	NOUN
ajebi-561	165	134	demand	demand	NOUN
ajebi-561	165	135	inadequate	inadequate	ADJ
ajebi-561	165	136	in	in	ADP
ajebi-561	165	137	the	the	DET
ajebi-561	165	138	primary	primary	ADJ
ajebi-561	165	139	sectors	sector	NOUN
ajebi-561	165	140	global	global	ADJ
ajebi-561	165	141	macroeconomic	macroeconomic	ADJ
ajebi-561	165	142	environment	environment	NOUN
ajebi-561	165	143	changes	change	VERB
ajebi-561	165	144	strengths	strength	NOUN
ajebi-561	165	145	:	:	PUNCT
ajebi-561	166	1	1	1	X
ajebi-561	166	2	.	.	X
ajebi-561	166	3	abundant	abundant	ADJ
ajebi-561	166	4	financial	financial	ADJ
ajebi-561	166	5	resources	resource	NOUN
ajebi-561	166	6	.	.	PUNCT
ajebi-561	167	1	as	as	ADP
ajebi-561	167	2	a	a	DET
ajebi-561	167	3	stateowned	stateowne	VERB
ajebi-561	167	4	enterprise	enterprise	NOUN
ajebi-561	167	5	,	,	PUNCT
ajebi-561	167	6	unis	uni	NOUN
ajebi-561	167	7	receives	receive	VERB
ajebi-561	167	8	substantial	substantial	ADJ
ajebi-561	167	9	support	support	NOUN
ajebi-561	167	10	from	from	ADP
ajebi-561	167	11	the	the	DET
ajebi-561	167	12	chinese	chinese	ADJ
ajebi-561	167	13	government	government	NOUN
ajebi-561	167	14	.	.	PUNCT
ajebi-561	168	1	it	it	PRON
ajebi-561	168	2	maintains	maintain	VERB
ajebi-561	168	3	close	close	ADJ
ajebi-561	168	4	relationships	relationship	NOUN
ajebi-561	168	5	with	with	ADP
ajebi-561	168	6	numerous	numerous	ADJ
ajebi-561	168	7	banks	bank	NOUN
ajebi-561	168	8	in	in	ADP
ajebi-561	168	9	china	china	PROPN
ajebi-561	168	10	,	,	PUNCT
ajebi-561	168	11	such	such	ADJ
ajebi-561	168	12	as	as	ADP
ajebi-561	168	13	icbc	icbc	PROPN
ajebi-561	168	14	and	and	CCONJ
ajebi-561	168	15	china	china	PROPN
ajebi-561	168	16	merchants	merchants	PROPN
ajebi-561	168	17	bank	bank	PROPN
ajebi-561	168	18	,	,	PUNCT
ajebi-561	168	19	and	and	CCONJ
ajebi-561	168	20	has	have	VERB
ajebi-561	168	21	more	more	ADJ
ajebi-561	168	22	than	than	ADP
ajebi-561	168	23	10	10	NUM
ajebi-561	168	24	million	million	NUM
ajebi-561	168	25	yuan	yuan	NOUN
ajebi-561	168	26	in	in	ADP
ajebi-561	168	27	outstanding	outstanding	ADJ
ajebi-561	168	28	loans	loan	NOUN
ajebi-561	168	29	at	at	ADP
ajebi-561	168	30	these	these	DET
ajebi-561	168	31	banks	bank	NOUN
ajebi-561	168	32	,	,	PUNCT
ajebi-561	168	33	allowing	allow	VERB
ajebi-561	168	34	it	it	PRON
ajebi-561	168	35	to	to	PART
ajebi-561	168	36	support	support	VERB
ajebi-561	168	37	its	its	PRON
ajebi-561	168	38	operations	operation	NOUN
ajebi-561	168	39	with	with	ADP
ajebi-561	168	40	ample	ample	ADJ
ajebi-561	168	41	funds	fund	NOUN
ajebi-561	168	42	.	.	PUNCT
ajebi-561	169	1	2	2	X
ajebi-561	169	2	.	.	X
ajebi-561	169	3	good	good	ADJ
ajebi-561	169	4	brand	brand	NOUN
ajebi-561	169	5	reputation	reputation	NOUN
ajebi-561	169	6	.	.	PUNCT
ajebi-561	170	1	since	since	SCONJ
ajebi-561	170	2	1998	1998	NUM
ajebi-561	170	3	,	,	PUNCT
ajebi-561	170	4	unis	unis	NOUN
ajebi-561	170	5	has	have	AUX
ajebi-561	170	6	received	receive	VERB
ajebi-561	170	7	more	more	ADJ
ajebi-561	170	8	than	than	ADP
ajebi-561	170	9	70	70	NUM
ajebi-561	170	10	national	national	ADJ
ajebi-561	170	11	awards	award	NOUN
ajebi-561	170	12	and	and	CCONJ
ajebi-561	170	13	has	have	AUX
ajebi-561	170	14	become	become	VERB
ajebi-561	170	15	one	one	NUM
ajebi-561	170	16	of	of	ADP
ajebi-561	170	17	the	the	DET
ajebi-561	170	18	national	national	ADJ
ajebi-561	170	19	important	important	ADJ
ajebi-561	170	20	businesses	business	NOUN
ajebi-561	170	21	and	and	CCONJ
ajebi-561	170	22	top	top	VERB
ajebi-561	170	23	100	100	NUM
ajebi-561	170	24	high	high	ADJ
ajebi-561	170	25	-	-	PUNCT
ajebi-561	170	26	tech	tech	NOUN
ajebi-561	170	27	firms	firm	NOUN
ajebi-561	170	28	in	in	ADP
ajebi-561	170	29	china	china	PROPN
ajebi-561	170	30	;	;	PUNCT
ajebi-561	170	31	therefore	therefore	ADV
ajebi-561	170	32	,	,	PUNCT
ajebi-561	170	33	these	these	DET
ajebi-561	170	34	honors	honor	NOUN
ajebi-561	170	35	have	have	AUX
ajebi-561	170	36	given	give	VERB
ajebi-561	170	37	unis	unis	ADP
ajebi-561	170	38	a	a	DET
ajebi-561	170	39	solid	solid	ADJ
ajebi-561	170	40	reputation	reputation	NOUN
ajebi-561	170	41	,	,	PUNCT
ajebi-561	170	42	and	and	CCONJ
ajebi-561	170	43	clients	client	NOUN
ajebi-561	170	44	will	will	AUX
ajebi-561	170	45	have	have	VERB
ajebi-561	170	46	a	a	DET
ajebi-561	170	47	greater	great	ADJ
ajebi-561	170	48	degree	degree	NOUN
ajebi-561	170	49	of	of	ADP
ajebi-561	170	50	confidence	confidence	NOUN
ajebi-561	170	51	in	in	ADP
ajebi-561	170	52	the	the	DET
ajebi-561	170	53	company	company	NOUN
ajebi-561	170	54	.	.	PUNCT
ajebi-561	171	1	3	3	X
ajebi-561	171	2	.	.	X
ajebi-561	171	3	talent	talent	NOUN
ajebi-561	171	4	advantage	advantage	NOUN
ajebi-561	171	5	.	.	PUNCT
ajebi-561	172	1	tsinghua	tsinghua	PROPN
ajebi-561	172	2	university	university	PROPN
ajebi-561	172	3	is	be	AUX
ajebi-561	172	4	the	the	DET
ajebi-561	172	5	origin	origin	NOUN
ajebi-561	172	6	of	of	ADP
ajebi-561	172	7	unis	unis	NOUN
ajebi-561	172	8	and	and	CCONJ
ajebi-561	172	9	offers	offer	VERB
ajebi-561	172	10	the	the	DET
ajebi-561	172	11	talent	talent	NOUN
ajebi-561	172	12	pool	pool	NOUN
ajebi-561	172	13	and	and	CCONJ
ajebi-561	172	14	technical	technical	ADJ
ajebi-561	172	15	resources	resource	NOUN
ajebi-561	172	16	necessary	necessary	ADJ
ajebi-561	172	17	for	for	SCONJ
ajebi-561	172	18	unis	unis	NOUN
ajebi-561	172	19	to	to	PART
ajebi-561	172	20	achieve	achieve	VERB
ajebi-561	172	21	strong	strong	ADJ
ajebi-561	172	22	and	and	CCONJ
ajebi-561	172	23	sustainable	sustainable	ADJ
ajebi-561	172	24	growth	growth	NOUN
ajebi-561	172	25	.	.	PUNCT
ajebi-561	173	1	weaknesses	weakness	NOUN
ajebi-561	173	2	:	:	PUNCT
ajebi-561	173	3	1	1	X
ajebi-561	173	4	.	.	PUNCT
ajebi-561	173	5	even	even	ADV
ajebi-561	173	6	though	though	SCONJ
ajebi-561	173	7	unis	unis	NOUN
ajebi-561	173	8	has	have	VERB
ajebi-561	173	9	access	access	NOUN
ajebi-561	173	10	to	to	ADP
ajebi-561	173	11	tsinghua	tsinghua	PROPN
ajebi-561	173	12	university	university	PROPN
ajebi-561	173	13	’s	’s	PART
ajebi-561	173	14	talent	talent	NOUN
ajebi-561	173	15	pool	pool	NOUN
ajebi-561	173	16	,	,	PUNCT
ajebi-561	173	17	it	it	PRON
ajebi-561	173	18	lacks	lack	VERB
ajebi-561	173	19	elite	elite	ADJ
ajebi-561	173	20	talent	talent	NOUN
ajebi-561	173	21	.	.	PUNCT
ajebi-561	174	1	on	on	ADP
ajebi-561	174	2	the	the	DET
ajebi-561	174	3	one	one	NUM
ajebi-561	174	4	hand	hand	NOUN
ajebi-561	174	5	,	,	PUNCT
ajebi-561	174	6	the	the	DET
ajebi-561	174	7	domestic	domestic	ADJ
ajebi-561	174	8	foundation	foundation	NOUN
ajebi-561	174	9	of	of	ADP
ajebi-561	174	10	the	the	DET
ajebi-561	174	11	high	high	ADJ
ajebi-561	174	12	-	-	PUNCT
ajebi-561	174	13	tech	tech	NOUN
ajebi-561	174	14	electronic	electronic	ADJ
ajebi-561	174	15	information	information	NOUN
ajebi-561	174	16	industry	industry	NOUN
ajebi-561	174	17	is	be	AUX
ajebi-561	174	18	still	still	ADV
ajebi-561	174	19	relatively	relatively	ADV
ajebi-561	174	20	weak	weak	ADJ
ajebi-561	174	21	;	;	PUNCT
ajebi-561	174	22	on	on	ADP
ajebi-561	174	23	the	the	DET
ajebi-561	174	24	other	other	ADJ
ajebi-561	174	25	hand	hand	NOUN
ajebi-561	174	26	,	,	PUNCT
ajebi-561	174	27	the	the	DET
ajebi-561	174	28	talents	talent	NOUN
ajebi-561	174	29	prefer	prefer	VERB
ajebi-561	174	30	jobs	job	NOUN
ajebi-561	174	31	in	in	ADP
ajebi-561	174	32	the	the	DET
ajebi-561	174	33	financial	financial	ADJ
ajebi-561	174	34	sector	sector	NOUN
ajebi-561	174	35	or	or	CCONJ
ajebi-561	174	36	internet	internet	NOUN
ajebi-561	174	37	industry	industry	NOUN
ajebi-561	174	38	due	due	ADP
ajebi-561	174	39	to	to	ADP
ajebi-561	174	40	their	their	PRON
ajebi-561	174	41	high	high	ADJ
ajebi-561	174	42	rate	rate	NOUN
ajebi-561	174	43	of	of	ADP
ajebi-561	174	44	return	return	NOUN
ajebi-561	174	45	.	.	PUNCT
ajebi-561	175	1	the	the	DET
ajebi-561	175	2	high	high	ADJ
ajebi-561	175	3	risk	risk	NOUN
ajebi-561	175	4	and	and	CCONJ
ajebi-561	175	5	low	low	ADJ
ajebi-561	175	6	return	return	NOUN
ajebi-561	175	7	of	of	ADP
ajebi-561	175	8	research	research	NOUN
ajebi-561	175	9	and	and	CCONJ
ajebi-561	175	10	development	development	NOUN
ajebi-561	175	11	jobs	job	NOUN
ajebi-561	175	12	are	be	AUX
ajebi-561	175	13	insufficient	insufficient	ADJ
ajebi-561	175	14	to	to	PART
ajebi-561	175	15	attract	attract	VERB
ajebi-561	175	16	sufficient	sufficient	ADJ
ajebi-561	175	17	talent	talent	NOUN
ajebi-561	175	18	.	.	PUNCT
ajebi-561	176	1	2	2	X
ajebi-561	176	2	.	.	X
ajebi-561	176	3	poor	poor	ADJ
ajebi-561	176	4	income	income	NOUN
ajebi-561	176	5	performance	performance	NOUN
ajebi-561	176	6	.	.	PUNCT
ajebi-561	177	1	the	the	DET
ajebi-561	177	2	company	company	NOUN
ajebi-561	177	3	’s	’s	PART
ajebi-561	177	4	performance	performance	NOUN
ajebi-561	177	5	in	in	ADP
ajebi-561	177	6	2016	2016	NUM
ajebi-561	177	7	reduced	reduce	VERB
ajebi-561	177	8	by	by	ADP
ajebi-561	177	9	15.92	15.92	NUM
ajebi-561	177	10	%	%	NOUN
ajebi-561	177	11	when	when	SCONJ
ajebi-561	177	12	a	a	DET
ajebi-561	177	13	favorable	favorable	ADJ
ajebi-561	177	14	tax	tax	NOUN
ajebi-561	177	15	policy	policy	NOUN
ajebi-561	177	16	is	be	AUX
ajebi-561	177	17	subtracted	subtract	VERB
ajebi-561	177	18	.	.	PUNCT
ajebi-561	178	1	in	in	ADP
ajebi-561	178	2	the	the	DET
ajebi-561	178	3	first	first	ADJ
ajebi-561	178	4	three	three	NUM
ajebi-561	178	5	quarters	quarter	NOUN
ajebi-561	178	6	of	of	ADP
ajebi-561	178	7	2017	2017	NUM
ajebi-561	178	8	,	,	PUNCT
ajebi-561	178	9	the	the	DET
ajebi-561	178	10	company	company	NOUN
ajebi-561	178	11	’s	’s	PART
ajebi-561	178	12	net	net	ADJ
ajebi-561	178	13	income	income	NOUN
ajebi-561	178	14	decreased	decrease	VERB
ajebi-561	178	15	by	by	ADP
ajebi-561	178	16	21.49	21.49	NUM
ajebi-561	178	17	percent	percent	NOUN
ajebi-561	178	18	compared	compare	VERB
ajebi-561	178	19	to	to	ADP
ajebi-561	178	20	the	the	DET
ajebi-561	178	21	same	same	ADJ
ajebi-561	178	22	period	period	NOUN
ajebi-561	178	23	in	in	ADP
ajebi-561	178	24	2016	2016	NUM
ajebi-561	178	25	due	due	ADP
ajebi-561	178	26	to	to	ADP
ajebi-561	178	27	the	the	DET
ajebi-561	178	28	fact	fact	NOUN
ajebi-561	178	29	that	that	SCONJ
ajebi-561	178	30	it	it	PRON
ajebi-561	178	31	can	can	AUX
ajebi-561	178	32	not	not	PART
ajebi-561	178	33	generate	generate	VERB
ajebi-561	178	34	money	money	NOUN
ajebi-561	178	35	in	in	ADP
ajebi-561	178	36	this	this	DET
ajebi-561	178	37	business	business	NOUN
ajebi-561	178	38	.	.	PUNCT
ajebi-561	179	1	opportunities	opportunity	NOUN
ajebi-561	179	2	:	:	PUNCT
ajebi-561	179	3	1	1	X
ajebi-561	179	4	.	.	X
ajebi-561	179	5	national	national	ADJ
ajebi-561	179	6	policy	policy	NOUN
ajebi-561	179	7	backing	backing	NOUN
ajebi-561	179	8	.	.	PUNCT
ajebi-561	180	1	with	with	ADP
ajebi-561	180	2	the	the	DET
ajebi-561	180	3	vigorous	vigorous	ADJ
ajebi-561	180	4	push	push	NOUN
ajebi-561	180	5	of	of	ADP
ajebi-561	180	6	national	national	ADJ
ajebi-561	180	7	strategic	strategic	ADJ
ajebi-561	180	8	deployments	deployment	NOUN
ajebi-561	180	9	such	such	ADJ
ajebi-561	180	10	as	as	ADP
ajebi-561	180	11	“	"	PUNCT
ajebi-561	180	12	made	make	VERB
ajebi-561	180	13	in	in	ADP
ajebi-561	180	14	china	china	PROPN
ajebi-561	180	15	2025	2025	NUM
ajebi-561	180	16	,	,	PUNCT
ajebi-561	180	17	”	"	PUNCT
ajebi-561	180	18	“	"	PUNCT
ajebi-561	180	19	network	network	NOUN
ajebi-561	180	20	power	power	NOUN
ajebi-561	180	21	,	,	PUNCT
ajebi-561	180	22	”	"	PUNCT
ajebi-561	180	23	and	and	CCONJ
ajebi-561	180	24	“	"	PUNCT
ajebi-561	180	25	internet	internet	NOUN
ajebi-561	180	26	plus	plus	NOUN
ajebi-561	180	27	,	,	PUNCT
ajebi-561	180	28	”	"	PUNCT
ajebi-561	180	29	china	china	PROPN
ajebi-561	180	30	’s	’s	PART
ajebi-561	180	31	electronic	electronic	ADJ
ajebi-561	180	32	information	information	NOUN
ajebi-561	180	33	industry	industry	NOUN
ajebi-561	180	34	is	be	AUX
ajebi-561	180	35	accelerating	accelerate	VERB
ajebi-561	180	36	the	the	DET
ajebi-561	180	37	rate	rate	NOUN
ajebi-561	180	38	of	of	ADP
ajebi-561	180	39	transformation	transformation	NOUN
ajebi-561	180	40	and	and	CCONJ
ajebi-561	180	41	upgrading	upgrading	NOUN
ajebi-561	180	42	,	,	PUNCT
ajebi-561	180	43	and	and	CCONJ
ajebi-561	180	44	the	the	DET
ajebi-561	180	45	digital	digital	ADJ
ajebi-561	180	46	economy	economy	NOUN
ajebi-561	180	47	has	have	AUX
ajebi-561	180	48	become	become	VERB
ajebi-561	180	49	increasingly	increasingly	ADV
ajebi-561	180	50	important	important	ADJ
ajebi-561	180	51	to	to	ADP
ajebi-561	180	52	economic	economic	ADJ
ajebi-561	180	53	growth	growth	NOUN
ajebi-561	180	54	,	,	PUNCT
ajebi-561	180	55	thereby	thereby	ADV
ajebi-561	180	56	creating	create	VERB
ajebi-561	180	57	tremendous	tremendous	ADJ
ajebi-561	180	58	opportunities	opportunity	NOUN
ajebi-561	180	59	for	for	ADP
ajebi-561	180	60	the	the	DET
ajebi-561	180	61	development	development	NOUN
ajebi-561	180	62	of	of	ADP
ajebi-561	180	63	unis	unis	ADJ
ajebi-561	180	64	’	'	PUNCT
ajebi-561	180	65	chip	chip	NOUN
ajebi-561	180	66	industry	industry	NOUN
ajebi-561	180	67	.	.	PUNCT
ajebi-561	181	1	2	2	X
ajebi-561	181	2	.	.	X
ajebi-561	181	3	sanctions	sanction	NOUN
ajebi-561	181	4	imposed	impose	VERB
ajebi-561	181	5	by	by	ADP
ajebi-561	181	6	the	the	DET
ajebi-561	181	7	united	united	PROPN
ajebi-561	181	8	states	states	PROPN
ajebi-561	181	9	on	on	ADP
ajebi-561	181	10	china	china	PROPN
ajebi-561	181	11	’s	’s	PART
ajebi-561	181	12	high	high	ADJ
ajebi-561	181	13	-	-	PUNCT
ajebi-561	181	14	tech	tech	NOUN
ajebi-561	181	15	sector	sector	NOUN
ajebi-561	181	16	led	lead	VERB
ajebi-561	181	17	the	the	DET
ajebi-561	181	18	chinese	chinese	PROPN
ajebi-561	181	19	to	to	PART
ajebi-561	181	20	recognize	recognize	VERB
ajebi-561	181	21	the	the	DET
ajebi-561	181	22	significance	significance	NOUN
ajebi-561	181	23	of	of	ADP
ajebi-561	181	24	independent	independent	ADJ
ajebi-561	181	25	research	research	NOUN
ajebi-561	181	26	and	and	CCONJ
ajebi-561	181	27	development	development	NOUN
ajebi-561	181	28	and	and	CCONJ
ajebi-561	181	29	to	to	PART
ajebi-561	181	30	reach	reach	VERB
ajebi-561	181	31	a	a	DET
ajebi-561	181	32	consensus	consensus	NOUN
ajebi-561	181	33	on	on	ADP
ajebi-561	181	34	investing	invest	VERB
ajebi-561	181	35	in	in	ADP
ajebi-561	181	36	chip	chip	NOUN
ajebi-561	181	37	production	production	NOUN
ajebi-561	181	38	.	.	PUNCT
ajebi-561	182	1	3	3	X
ajebi-561	182	2	.	.	X
ajebi-561	182	3	large	large	ADJ
ajebi-561	182	4	market	market	NOUN
ajebi-561	182	5	demand	demand	NOUN
ajebi-561	182	6	.	.	PUNCT
ajebi-561	183	1	this	this	PRON
ajebi-561	183	2	has	have	AUX
ajebi-561	183	3	been	be	AUX
ajebi-561	183	4	discussed	discuss	VERB
ajebi-561	183	5	earlier	early	ADV
ajebi-561	183	6	,	,	PUNCT
ajebi-561	183	7	therefore	therefore	ADV
ajebi-561	183	8	i	i	PRON
ajebi-561	183	9	will	will	AUX
ajebi-561	183	10	not	not	PART
ajebi-561	183	11	expand	expand	VERB
ajebi-561	183	12	.	.	PUNCT
ajebi-561	184	1	threats	threat	NOUN
ajebi-561	184	2	:	:	PUNCT
ajebi-561	185	1	1	1	X
ajebi-561	185	2	.	.	X
ajebi-561	185	3	inadequate	inadequate	ADJ
ajebi-561	185	4	in	in	ADP
ajebi-561	185	5	the	the	DET
ajebi-561	185	6	primary	primary	ADJ
ajebi-561	185	7	sectors	sector	NOUN
ajebi-561	185	8	.	.	PUNCT
ajebi-561	186	1	china	china	PROPN
ajebi-561	186	2	is	be	AUX
ajebi-561	186	3	still	still	ADV
ajebi-561	186	4	a	a	DET
ajebi-561	186	5	latecomer	latecomer	NOUN
ajebi-561	186	6	to	to	ADP
ajebi-561	186	7	this	this	DET
ajebi-561	186	8	market	market	NOUN
ajebi-561	186	9	(	(	PUNCT
ajebi-561	186	10	ernst	ernst	PROPN
ajebi-561	186	11	et	et	PROPN
ajebi-561	186	12	al	al	PROPN
ajebi-561	186	13	.	.	PROPN
ajebi-561	186	14	,	,	PUNCT
ajebi-561	186	15	2014	2014	NUM
ajebi-561	186	16	)	)	PUNCT
ajebi-561	186	17	,	,	PUNCT
ajebi-561	186	18	and	and	CCONJ
ajebi-561	186	19	its	its	PRON
ajebi-561	186	20	enterprises	enterprise	NOUN
ajebi-561	186	21	are	be	AUX
ajebi-561	186	22	still	still	ADV
ajebi-561	186	23	largely	largely	ADV
ajebi-561	186	24	focused	focus	VERB
ajebi-561	186	25	in	in	ADP
ajebi-561	186	26	areas	area	NOUN
ajebi-561	186	27	with	with	ADP
ajebi-561	186	28	low	low	ADJ
ajebi-561	186	29	added	add	VERB
ajebi-561	186	30	value	value	NOUN
ajebi-561	186	31	and	and	CCONJ
ajebi-561	186	32	low	low	ADJ
ajebi-561	186	33	technical	technical	ADJ
ajebi-561	186	34	content	content	NOUN
ajebi-561	186	35	,	,	PUNCT
ajebi-561	186	36	such	such	ADJ
ajebi-561	186	37	as	as	ADP
ajebi-561	186	38	manufacturing	manufacturing	NOUN
ajebi-561	186	39	and	and	CCONJ
ajebi-561	186	40	packaging	packaging	NOUN
ajebi-561	186	41	.	.	PUNCT
ajebi-561	187	1	in	in	ADP
ajebi-561	187	2	2016	2016	NUM
ajebi-561	187	3	,	,	PUNCT
ajebi-561	187	4	the	the	DET
ajebi-561	187	5	share	share	NOUN
ajebi-561	187	6	of	of	ADP
ajebi-561	187	7	the	the	DET
ajebi-561	187	8	self	self	NOUN
ajebi-561	187	9	-	-	PUNCT
ajebi-561	187	10	design	design	NOUN
ajebi-561	187	11	industry	industry	NOUN
ajebi-561	187	12	in	in	ADP
ajebi-561	187	13	china	china	PROPN
ajebi-561	187	14	was	be	AUX
ajebi-561	187	15	only	only	ADV
ajebi-561	187	16	37.9	37.9	NUM
ajebi-561	187	17	%	%	NOUN
ajebi-561	187	18	,	,	PUNCT
ajebi-561	187	19	and	and	CCONJ
ajebi-561	187	20	the	the	DET
ajebi-561	187	21	sector	sector	NOUN
ajebi-561	187	22	as	as	ADP
ajebi-561	187	23	a	a	DET
ajebi-561	187	24	whole	whole	NOUN
ajebi-561	187	25	is	be	AUX
ajebi-561	187	26	through	through	ADP
ajebi-561	187	27	a	a	DET
ajebi-561	187	28	change	change	NOUN
ajebi-561	187	29	,	,	PUNCT
ajebi-561	187	30	so	so	SCONJ
ajebi-561	187	31	it	it	PRON
ajebi-561	187	32	will	will	AUX
ajebi-561	187	33	take	take	VERB
ajebi-561	187	34	time	time	NOUN
ajebi-561	187	35	to	to	PART
ajebi-561	187	36	catch	catch	VERB
ajebi-561	187	37	up	up	ADP
ajebi-561	187	38	to	to	ADP
ajebi-561	187	39	the	the	DET
ajebi-561	187	40	advanced	advanced	ADJ
ajebi-561	187	41	nations	nation	NOUN
ajebi-561	187	42	.	.	PUNCT
ajebi-561	188	1	2	2	X
ajebi-561	188	2	.	.	X
ajebi-561	188	3	changes	change	NOUN
ajebi-561	188	4	in	in	ADP
ajebi-561	188	5	macroeconomic	macroeconomic	ADJ
ajebi-561	188	6	environment	environment	NOUN
ajebi-561	188	7	in	in	ADP
ajebi-561	188	8	the	the	DET
ajebi-561	188	9	globe	globe	NOUN
ajebi-561	188	10	.	.	PUNCT
ajebi-561	189	1	currently	currently	ADV
ajebi-561	189	2	,	,	PUNCT
ajebi-561	189	3	the	the	DET
ajebi-561	189	4	global	global	ADJ
ajebi-561	189	5	economy	economy	NOUN
ajebi-561	189	6	is	be	AUX
ajebi-561	189	7	recovering	recover	VERB
ajebi-561	189	8	,	,	PUNCT
ajebi-561	189	9	china	china	PROPN
ajebi-561	189	10	’s	’s	PART
ajebi-561	189	11	economy	economy	NOUN
ajebi-561	189	12	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	189	13	pa	pa	PROPN
ajebi-561	189	14	ge	ge	PROPN
ajebi-561	189	15	29	29	NUM
ajebi-561	189	16	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	189	17	am	am	NOUN
ajebi-561	189	18	.	.	PUNCT
ajebi-561	190	1	j.	j.	PROPN
ajebi-561	190	2	econ	econ	PROPN
ajebi-561	190	3	.	.	PUNCT
ajebi-561	190	4	bus	bus	PROPN
ajebi-561	190	5	.	.	PUNCT
ajebi-561	191	1	innov	innov	PROPN
ajebi-561	191	2	.	.	PUNCT
ajebi-561	192	1	1(3	1(3	NUM
ajebi-561	192	2	)	)	PUNCT
ajebi-561	192	3	24	24	NUM
ajebi-561	192	4	-	-	SYM
ajebi-561	192	5	35	35	NUM
ajebi-561	192	6	,	,	PUNCT
ajebi-561	192	7	2022	2022	NUM
ajebi-561	192	8	is	be	AUX
ajebi-561	192	9	growing	grow	VERB
ajebi-561	192	10	steadily	steadily	ADV
ajebi-561	192	11	,	,	PUNCT
ajebi-561	192	12	and	and	CCONJ
ajebi-561	192	13	the	the	DET
ajebi-561	192	14	merger	merger	NOUN
ajebi-561	192	15	of	of	ADP
ajebi-561	192	16	the	the	DET
ajebi-561	192	17	digital	digital	ADJ
ajebi-561	192	18	and	and	CCONJ
ajebi-561	192	19	conventional	conventional	ADJ
ajebi-561	192	20	economies	economy	NOUN
ajebi-561	192	21	has	have	AUX
ajebi-561	192	22	provided	provide	VERB
ajebi-561	192	23	unis	unis	NOUN
ajebi-561	192	24	with	with	ADP
ajebi-561	192	25	a	a	DET
ajebi-561	192	26	wide	wide	ADJ
ajebi-561	192	27	market	market	NOUN
ajebi-561	192	28	area	area	NOUN
ajebi-561	192	29	.	.	PUNCT
ajebi-561	193	1	however	however	ADV
ajebi-561	193	2	,	,	PUNCT
ajebi-561	193	3	if	if	SCONJ
ajebi-561	193	4	there	there	PRON
ajebi-561	193	5	is	be	VERB
ajebi-561	193	6	a	a	DET
ajebi-561	193	7	shift	shift	NOUN
ajebi-561	193	8	in	in	ADP
ajebi-561	193	9	the	the	DET
ajebi-561	193	10	domestic	domestic	ADJ
ajebi-561	193	11	and	and	CCONJ
ajebi-561	193	12	international	international	ADJ
ajebi-561	193	13	macroeconomic	macroeconomic	ADJ
ajebi-561	193	14	climate	climate	NOUN
ajebi-561	193	15	,	,	PUNCT
ajebi-561	193	16	the	the	DET
ajebi-561	193	17	decline	decline	NOUN
ajebi-561	193	18	in	in	ADP
ajebi-561	193	19	digital	digital	ADJ
ajebi-561	193	20	construction	construction	NOUN
ajebi-561	193	21	investment	investment	NOUN
ajebi-561	193	22	may	may	AUX
ajebi-561	193	23	have	have	VERB
ajebi-561	193	24	an	an	DET
ajebi-561	193	25	effect	effect	NOUN
ajebi-561	193	26	on	on	ADP
ajebi-561	193	27	the	the	DET
ajebi-561	193	28	company	company	NOUN
ajebi-561	193	29	’s	’s	PART
ajebi-561	193	30	operations	operation	NOUN
ajebi-561	193	31	.	.	PUNCT
ajebi-561	194	1	porter	porter	NOUN
ajebi-561	194	2	’s	’s	PART
ajebi-561	194	3	five	five	NUM
ajebi-561	194	4	forces	force	NOUN
ajebi-561	194	5	analysis	analysis	NOUN
ajebi-561	194	6	then	then	ADV
ajebi-561	194	7	,	,	PUNCT
ajebi-561	194	8	we	we	PRON
ajebi-561	194	9	use	use	VERB
ajebi-561	194	10	porter	porter	NOUN
ajebi-561	194	11	’s	’s	PART
ajebi-561	194	12	five	five	NUM
ajebi-561	194	13	forces	force	NOUN
ajebi-561	194	14	model	model	NOUN
ajebi-561	194	15	to	to	PART
ajebi-561	194	16	evaluate	evaluate	VERB
ajebi-561	194	17	the	the	DET
ajebi-561	194	18	overall	overall	ADJ
ajebi-561	194	19	degree	degree	NOUN
ajebi-561	194	20	of	of	ADP
ajebi-561	194	21	competitiveness	competitiveness	NOUN
ajebi-561	194	22	in	in	ADP
ajebi-561	194	23	the	the	DET
ajebi-561	194	24	semiconductor	semiconductor	NOUN
ajebi-561	194	25	business	business	NOUN
ajebi-561	194	26	,	,	PUNCT
ajebi-561	194	27	in	in	ADP
ajebi-561	194	28	terms	term	NOUN
ajebi-561	194	29	of	of	ADP
ajebi-561	194	30	“	"	PUNCT
ajebi-561	194	31	threat	threat	NOUN
ajebi-561	194	32	of	of	ADP
ajebi-561	194	33	new	new	ADJ
ajebi-561	194	34	entrants	entrant	NOUN
ajebi-561	194	35	,	,	PUNCT
ajebi-561	194	36	threats	threat	NOUN
ajebi-561	194	37	of	of	ADP
ajebi-561	194	38	substitutes	substitute	NOUN
ajebi-561	194	39	,	,	PUNCT
ajebi-561	194	40	bargaining	bargaining	NOUN
ajebi-561	194	41	power	power	NOUN
ajebi-561	194	42	of	of	ADP
ajebi-561	194	43	customers	customer	NOUN
ajebi-561	194	44	,	,	PUNCT
ajebi-561	194	45	bargaining	bargaining	NOUN
ajebi-561	194	46	power	power	NOUN
ajebi-561	194	47	of	of	ADP
ajebi-561	194	48	suppliers	supplier	NOUN
ajebi-561	194	49	,	,	PUNCT
ajebi-561	194	50	and	and	CCONJ
ajebi-561	194	51	intensity	intensity	NOUN
ajebi-561	194	52	of	of	ADP
ajebi-561	194	53	competitive	competitive	ADJ
ajebi-561	194	54	rivalry	rivalry	NOUN
ajebi-561	194	55	.	.	PUNCT
ajebi-561	194	56	”	"	PUNCT
ajebi-561	194	57	table	table	NOUN
ajebi-561	194	58	6	6	NUM
ajebi-561	194	59	:	:	PUNCT
ajebi-561	194	60	porter	porter	NOUN
ajebi-561	194	61	’s	’s	PART
ajebi-561	194	62	five	five	NUM
ajebi-561	194	63	forces	force	NOUN
ajebi-561	194	64	analysis	analysis	NOUN
ajebi-561	194	65	threat	threat	NOUN
ajebi-561	194	66	of	of	ADP
ajebi-561	194	67	new	new	ADJ
ajebi-561	194	68	entrants	entrant	NOUN
ajebi-561	194	69	bargaining	bargaining	NOUN
ajebi-561	194	70	power	power	NOUN
ajebi-561	194	71	of	of	ADP
ajebi-561	194	72	customers	customer	NOUN
ajebi-561	194	73	1	1	NUM
ajebi-561	194	74	.	.	PUNCT
ajebi-561	195	1	less	less	ADJ
ajebi-561	195	2	capital	capital	NOUN
ajebi-561	195	3	is	be	AUX
ajebi-561	195	4	required	require	VERB
ajebi-561	195	5	to	to	PART
ajebi-561	195	6	launch	launch	VERB
ajebi-561	195	7	the	the	DET
ajebi-561	195	8	firm	firm	NOUN
ajebi-561	195	9	.	.	PUNCT
ajebi-561	196	1	2	2	X
ajebi-561	196	2	.	.	X
ajebi-561	196	3	there	there	PRON
ajebi-561	196	4	are	be	VERB
ajebi-561	196	5	little	little	ADJ
ajebi-561	196	6	economies	economy	NOUN
ajebi-561	196	7	of	of	ADP
ajebi-561	196	8	scale	scale	NOUN
ajebi-561	196	9	in	in	ADP
ajebi-561	196	10	place	place	NOUN
ajebi-561	196	11	.	.	PUNCT
ajebi-561	197	1	3	3	X
ajebi-561	197	2	.	.	X
ajebi-561	197	3	customers	customer	NOUN
ajebi-561	197	4	may	may	AUX
ajebi-561	197	5	switch	switch	VERB
ajebi-561	197	6	simply	simply	ADV
ajebi-561	197	7	(	(	PUNCT
ajebi-561	197	8	low	low	ADJ
ajebi-561	197	9	switching	switching	NOUN
ajebi-561	197	10	cost	cost	NOUN
ajebi-561	197	11	)	)	PUNCT
ajebi-561	197	12	.	.	PUNCT
ajebi-561	198	1	4	4	X
ajebi-561	198	2	.	.	X
ajebi-561	198	3	critical	critical	ADJ
ajebi-561	198	4	technology	technology	NOUN
ajebi-561	198	5	is	be	AUX
ajebi-561	198	6	not	not	PART
ajebi-561	198	7	difficult	difficult	ADJ
ajebi-561	198	8	to	to	PART
ajebi-561	198	9	get	get	VERB
ajebi-561	198	10	or	or	CCONJ
ajebi-561	198	11	is	be	AUX
ajebi-561	198	12	not	not	PART
ajebi-561	198	13	well	well	ADV
ajebi-561	198	14	safeguarded	safeguard	VERB
ajebi-561	198	15	.	.	PUNCT
ajebi-561	199	1	5	5	X
ajebi-561	199	2	.	.	X
ajebi-561	199	3	product	product	NOUN
ajebi-561	199	4	is	be	AUX
ajebi-561	199	5	not	not	PART
ajebi-561	199	6	differentiated	differentiate	VERB
ajebi-561	199	7	.	.	PUNCT
ajebi-561	200	1	1	1	X
ajebi-561	200	2	.	.	X
ajebi-561	200	3	purchasing	purchase	VERB
ajebi-561	200	4	in	in	ADP
ajebi-561	200	5	bulk	bulk	NOUN
ajebi-561	200	6	or	or	CCONJ
ajebi-561	200	7	controlling	control	VERB
ajebi-561	200	8	several	several	ADJ
ajebi-561	200	9	access	access	NOUN
ajebi-561	200	10	points	point	NOUN
ajebi-561	200	11	to	to	ADP
ajebi-561	200	12	the	the	DET
ajebi-561	200	13	ultimate	ultimate	ADJ
ajebi-561	200	14	consumer	consumer	NOUN
ajebi-561	200	15	.	.	PUNCT
ajebi-561	201	1	2	2	NUM
ajebi-561	201	2	.	.	X
ajebi-561	201	3	few	few	ADJ
ajebi-561	201	4	purchasers	purchaser	NOUN
ajebi-561	201	5	exist	exist	VERB
ajebi-561	201	6	.	.	PUNCT
ajebi-561	202	1	3	3	X
ajebi-561	202	2	.	.	X
ajebi-561	202	3	the	the	DET
ajebi-561	202	4	cost	cost	NOUN
ajebi-561	202	5	to	to	PART
ajebi-561	202	6	switch	switch	VERB
ajebi-561	202	7	to	to	ADP
ajebi-561	202	8	a	a	DET
ajebi-561	202	9	different	different	ADJ
ajebi-561	202	10	provider	provider	NOUN
ajebi-561	202	11	is	be	AUX
ajebi-561	202	12	modest	modest	ADJ
ajebi-561	202	13	.	.	PUNCT
ajebi-561	203	1	4	4	X
ajebi-561	203	2	.	.	X
ajebi-561	203	3	they	they	PRON
ajebi-561	203	4	threaten	threaten	VERB
ajebi-561	203	5	to	to	PART
ajebi-561	203	6	backward	backward	ADV
ajebi-561	203	7	integrate	integrate	VERB
ajebi-561	203	8	.	.	PUNCT
ajebi-561	204	1	5	5	X
ajebi-561	204	2	.	.	X
ajebi-561	204	3	there	there	PRON
ajebi-561	204	4	are	be	VERB
ajebi-561	204	5	several	several	ADJ
ajebi-561	204	6	alternatives	alternative	NOUN
ajebi-561	204	7	.	.	PUNCT
ajebi-561	205	1	6	6	X
ajebi-561	205	2	.	.	X
ajebi-561	205	3	buyers	buyer	NOUN
ajebi-561	205	4	are	be	AUX
ajebi-561	205	5	attentive	attentive	ADJ
ajebi-561	205	6	to	to	ADP
ajebi-561	205	7	pricing	pricing	NOUN
ajebi-561	205	8	.	.	PUNCT
ajebi-561	206	1	threats	threat	NOUN
ajebi-561	206	2	of	of	ADP
ajebi-561	206	3	substitutes	substitute	NOUN
ajebi-561	206	4	bargaining	bargaining	NOUN
ajebi-561	206	5	power	power	NOUN
ajebi-561	206	6	of	of	ADP
ajebi-561	206	7	suppliers	supplier	NOUN
ajebi-561	206	8	1	1	NUM
ajebi-561	206	9	.	.	PUNCT
ajebi-561	207	1	there	there	PRON
ajebi-561	207	2	are	be	VERB
ajebi-561	207	3	other	other	ADJ
ajebi-561	207	4	alternatives	alternative	NOUN
ajebi-561	207	5	accessible	accessible	ADJ
ajebi-561	207	6	.	.	PUNCT
ajebi-561	208	1	2	2	X
ajebi-561	208	2	.	.	X
ajebi-561	208	3	customers	customer	NOUN
ajebi-561	208	4	may	may	AUX
ajebi-561	208	5	locate	locate	VERB
ajebi-561	208	6	your	your	PRON
ajebi-561	208	7	goods	good	NOUN
ajebi-561	208	8	at	at	ADP
ajebi-561	208	9	lower	low	ADJ
ajebi-561	208	10	prices	price	NOUN
ajebi-561	208	11	elsewhere	elsewhere	ADV
ajebi-561	208	12	.	.	PUNCT
ajebi-561	209	1	3	3	X
ajebi-561	209	2	.	.	X
ajebi-561	209	3	the	the	DET
ajebi-561	209	4	product	product	NOUN
ajebi-561	209	5	of	of	ADP
ajebi-561	209	6	the	the	DET
ajebi-561	209	7	competition	competition	NOUN
ajebi-561	209	8	is	be	AUX
ajebi-561	209	9	of	of	ADP
ajebi-561	209	10	higher	high	ADJ
ajebi-561	209	11	quality	quality	NOUN
ajebi-561	209	12	.	.	PUNCT
ajebi-561	210	1	4	4	X
ajebi-561	210	2	.	.	PUNCT
ajebi-561	210	3	by	by	ADP
ajebi-561	210	4	producing	produce	VERB
ajebi-561	210	5	a	a	DET
ajebi-561	210	6	substitute	substitute	NOUN
ajebi-561	210	7	product	product	NOUN
ajebi-561	210	8	,	,	PUNCT
ajebi-561	210	9	a	a	DET
ajebi-561	210	10	corporation	corporation	NOUN
ajebi-561	210	11	with	with	ADP
ajebi-561	210	12	large	large	ADJ
ajebi-561	210	13	profits	profit	NOUN
ajebi-561	210	14	may	may	AUX
ajebi-561	210	15	cut	cut	VERB
ajebi-561	210	16	prices	price	NOUN
ajebi-561	210	17	to	to	ADP
ajebi-561	210	18	the	the	DET
ajebi-561	210	19	absolute	absolute	ADJ
ajebi-561	210	20	minimum	minimum	NOUN
ajebi-561	210	21	.	.	PUNCT
ajebi-561	211	1	1	1	X
ajebi-561	211	2	.	.	X
ajebi-561	211	3	there	there	PRON
ajebi-561	211	4	are	be	VERB
ajebi-561	211	5	few	few	ADJ
ajebi-561	211	6	significant	significant	ADJ
ajebi-561	211	7	suppliers	supplier	NOUN
ajebi-561	211	8	.	.	PUNCT
ajebi-561	212	1	2	2	X
ajebi-561	212	2	.	.	X
ajebi-561	212	3	they	they	PRON
ajebi-561	212	4	provide	provide	VERB
ajebi-561	212	5	a	a	DET
ajebi-561	212	6	rare	rare	ADJ
ajebi-561	212	7	resource	resource	NOUN
ajebi-561	212	8	.	.	PUNCT
ajebi-561	213	1	3	3	X
ajebi-561	213	2	.	.	X
ajebi-561	213	3	it	it	PRON
ajebi-561	213	4	is	be	AUX
ajebi-561	213	5	expensive	expensive	ADJ
ajebi-561	213	6	to	to	PART
ajebi-561	213	7	move	move	VERB
ajebi-561	213	8	to	to	ADP
ajebi-561	213	9	a	a	DET
ajebi-561	213	10	different	different	ADJ
ajebi-561	213	11	provider	provider	NOUN
ajebi-561	213	12	.	.	PUNCT
ajebi-561	214	1	4	4	X
ajebi-561	214	2	.	.	X
ajebi-561	214	3	customers	customer	NOUN
ajebi-561	214	4	are	be	AUX
ajebi-561	214	5	hesitant	hesitant	ADJ
ajebi-561	214	6	to	to	PART
ajebi-561	214	7	switch	switch	VERB
ajebi-561	214	8	since	since	SCONJ
ajebi-561	214	9	the	the	DET
ajebi-561	214	10	product	product	NOUN
ajebi-561	214	11	is	be	AUX
ajebi-561	214	12	easily	easily	ADV
ajebi-561	214	13	distinguishable	distinguishable	ADJ
ajebi-561	214	14	.	.	PUNCT
ajebi-561	215	1	5	5	X
ajebi-561	215	2	.	.	PUNCT
ajebi-561	215	3	the	the	DET
ajebi-561	215	4	supplier	supplier	NOUN
ajebi-561	215	5	may	may	AUX
ajebi-561	215	6	risk	risk	VERB
ajebi-561	215	7	vertical	vertical	ADJ
ajebi-561	215	8	integration	integration	NOUN
ajebi-561	215	9	.	.	PUNCT
ajebi-561	216	1	6	6	X
ajebi-561	216	2	.	.	X
ajebi-561	216	3	there	there	PRON
ajebi-561	216	4	are	be	VERB
ajebi-561	216	5	no	no	PRON
ajebi-561	216	6	or	or	CCONJ
ajebi-561	216	7	few	few	ADJ
ajebi-561	216	8	accessible	accessible	ADJ
ajebi-561	216	9	alternatives.intensity	alternatives.intensity	NOUN
ajebi-561	216	10	of	of	ADP
ajebi-561	216	11	competitive	competitive	ADJ
ajebi-561	216	12	rivalry	rivalry	NOUN
ajebi-561	216	13	1	1	NUM
ajebi-561	216	14	.	.	PUNCT
ajebi-561	217	1	when	when	SCONJ
ajebi-561	217	2	there	there	PRON
ajebi-561	217	3	is	be	VERB
ajebi-561	217	4	a	a	DET
ajebi-561	217	5	clear	clear	ADJ
ajebi-561	217	6	market	market	NOUN
ajebi-561	217	7	leader	leader	NOUN
ajebi-561	217	8	,	,	PUNCT
ajebi-561	217	9	there	there	PRON
ajebi-561	217	10	are	be	VERB
ajebi-561	217	11	fewer	few	ADJ
ajebi-561	217	12	rivals	rival	NOUN
ajebi-561	217	13	of	of	ADP
ajebi-561	217	14	comparable	comparable	ADJ
ajebi-561	217	15	size	size	NOUN
ajebi-561	217	16	or	or	CCONJ
ajebi-561	217	17	size	size	NOUN
ajebi-561	217	18	.	.	PUNCT
ajebi-561	218	1	2	2	X
ajebi-561	218	2	.	.	X
ajebi-561	218	3	customers	customer	NOUN
ajebi-561	218	4	have	have	VERB
ajebi-561	218	5	little	little	ADJ
ajebi-561	218	6	switching	switching	NOUN
ajebi-561	218	7	expenses	expense	NOUN
ajebi-561	218	8	.	.	PUNCT
ajebi-561	219	1	3	3	X
ajebi-561	219	2	.	.	X
ajebi-561	219	3	the	the	DET
ajebi-561	219	4	sector	sector	NOUN
ajebi-561	219	5	is	be	AUX
ajebi-561	219	6	expanding	expand	VERB
ajebi-561	219	7	.	.	PUNCT
ajebi-561	220	1	4	4	X
ajebi-561	220	2	.	.	X
ajebi-561	220	3	exit	exit	NOUN
ajebi-561	220	4	obstacles	obstacle	NOUN
ajebi-561	220	5	are	be	AUX
ajebi-561	220	6	strong	strong	ADJ
ajebi-561	220	7	,	,	PUNCT
ajebi-561	220	8	so	so	SCONJ
ajebi-561	220	9	competitors	competitor	NOUN
ajebi-561	220	10	remain	remain	VERB
ajebi-561	220	11	and	and	CCONJ
ajebi-561	220	12	compete	compete	VERB
ajebi-561	220	13	.	.	PUNCT
ajebi-561	221	1	5	5	X
ajebi-561	221	2	.	.	X
ajebi-561	221	3	high	high	ADJ
ajebi-561	221	4	fixed	fix	VERB
ajebi-561	221	5	costs	cost	NOUN
ajebi-561	221	6	result	result	VERB
ajebi-561	221	7	in	in	ADP
ajebi-561	221	8	massive	massive	ADJ
ajebi-561	221	9	output	output	NOUN
ajebi-561	221	10	and	and	CCONJ
ajebi-561	221	11	price	price	NOUN
ajebi-561	221	12	reductions	reduction	NOUN
ajebi-561	221	13	the	the	DET
ajebi-561	221	14	possibility	possibility	NOUN
ajebi-561	221	15	and	and	CCONJ
ajebi-561	221	16	benefit	benefit	NOUN
ajebi-561	221	17	of	of	ADP
ajebi-561	221	18	unis	unis	NOUN
ajebi-561	221	19	to	to	PART
ajebi-561	221	20	merge	merge	VERB
ajebi-561	221	21	tsmc	tsmc	PRON
ajebi-561	221	22	if	if	SCONJ
ajebi-561	221	23	the	the	DET
ajebi-561	221	24	merger	merger	NOUN
ajebi-561	221	25	between	between	ADP
ajebi-561	221	26	tsinghua	tsinghua	PROPN
ajebi-561	221	27	unisplendour	unisplendour	PROPN
ajebi-561	221	28	and	and	CCONJ
ajebi-561	221	29	tsmc	tsmc	PROPN
ajebi-561	221	30	occurs	occur	VERB
ajebi-561	221	31	,	,	PUNCT
ajebi-561	221	32	it	it	PRON
ajebi-561	221	33	would	would	AUX
ajebi-561	221	34	significantly	significantly	ADV
ajebi-561	221	35	alter	alter	VERB
ajebi-561	221	36	the	the	DET
ajebi-561	221	37	global	global	ADJ
ajebi-561	221	38	chip	chip	NOUN
ajebi-561	221	39	manufacturing	manufacturing	NOUN
ajebi-561	221	40	environment	environment	NOUN
ajebi-561	221	41	.	.	PUNCT
ajebi-561	222	1	the	the	DET
ajebi-561	222	2	combined	combined	ADJ
ajebi-561	222	3	company	company	NOUN
ajebi-561	222	4	will	will	AUX
ajebi-561	222	5	become	become	VERB
ajebi-561	222	6	a	a	DET
ajebi-561	222	7	global	global	ADJ
ajebi-561	222	8	leader	leader	NOUN
ajebi-561	222	9	in	in	ADP
ajebi-561	222	10	chip	chip	NOUN
ajebi-561	222	11	production	production	NOUN
ajebi-561	222	12	,	,	PUNCT
ajebi-561	222	13	wafer	wafer	NOUN
ajebi-561	222	14	polishing	polishing	NOUN
ajebi-561	222	15	,	,	PUNCT
ajebi-561	222	16	and	and	CCONJ
ajebi-561	222	17	r&d	r&d	NOUN
ajebi-561	222	18	.	.	PUNCT
ajebi-561	223	1	this	this	DET
ajebi-561	223	2	article	article	NOUN
ajebi-561	223	3	will	will	AUX
ajebi-561	223	4	examine	examine	VERB
ajebi-561	223	5	the	the	DET
ajebi-561	223	6	effects	effect	NOUN
ajebi-561	223	7	of	of	ADP
ajebi-561	223	8	the	the	DET
ajebi-561	223	9	merger	merger	NOUN
ajebi-561	223	10	between	between	ADP
ajebi-561	223	11	tsinghua	tsinghua	PROPN
ajebi-561	223	12	unisplendour	unisplendour	PROPN
ajebi-561	223	13	and	and	CCONJ
ajebi-561	223	14	tsmc	tsmc	PROPN
ajebi-561	223	15	in	in	ADP
ajebi-561	223	16	terms	term	NOUN
ajebi-561	223	17	of	of	ADP
ajebi-561	223	18	“	"	PUNCT
ajebi-561	223	19	large	large	ADJ
ajebi-561	223	20	sales	sale	NOUN
ajebi-561	223	21	market	market	NOUN
ajebi-561	223	22	,	,	PUNCT
ajebi-561	223	23	”	"	PUNCT
ajebi-561	223	24	“	"	PUNCT
ajebi-561	223	25	great	great	ADJ
ajebi-561	223	26	capital	capital	NOUN
ajebi-561	223	27	investment	investment	NOUN
ajebi-561	223	28	and	and	CCONJ
ajebi-561	223	29	governmental	governmental	ADJ
ajebi-561	223	30	support	support	NOUN
ajebi-561	223	31	,	,	PUNCT
ajebi-561	223	32	”	"	PUNCT
ajebi-561	223	33	and	and	CCONJ
ajebi-561	223	34	“	"	PUNCT
ajebi-561	223	35	scale	scale	NOUN
ajebi-561	223	36	synergy	synergy	NOUN
ajebi-561	223	37	effect	effect	NOUN
ajebi-561	223	38	.	.	PUNCT
ajebi-561	223	39	”	"	PUNCT
ajebi-561	224	1	the	the	DET
ajebi-561	224	2	chinese	chinese	ADJ
ajebi-561	224	3	government	government	NOUN
ajebi-561	224	4	established	establish	VERB
ajebi-561	224	5	an	an	DET
ajebi-561	224	6	ambitious	ambitious	ADJ
ajebi-561	224	7	strategy	strategy	NOUN
ajebi-561	224	8	in	in	ADP
ajebi-561	224	9	2014	2014	NUM
ajebi-561	224	10	and	and	CCONJ
ajebi-561	224	11	would	would	AUX
ajebi-561	224	12	spend	spend	VERB
ajebi-561	224	13	between	between	ADP
ajebi-561	224	14	$	$	SYM
ajebi-561	224	15	100	100	NUM
ajebi-561	224	16	billion	billion	NUM
ajebi-561	224	17	and	and	CCONJ
ajebi-561	224	18	$	$	SYM
ajebi-561	224	19	150	150	NUM
ajebi-561	224	20	billion	billion	NUM
ajebi-561	224	21	in	in	ADP
ajebi-561	224	22	public	public	ADJ
ajebi-561	224	23	and	and	CCONJ
ajebi-561	224	24	private	private	ADJ
ajebi-561	224	25	finances	finance	NOUN
ajebi-561	224	26	.	.	PUNCT
ajebi-561	225	1	the	the	DET
ajebi-561	225	2	purpose	purpose	NOUN
ajebi-561	225	3	of	of	ADP
ajebi-561	225	4	this	this	DET
ajebi-561	225	5	action	action	NOUN
ajebi-561	225	6	is	be	AUX
ajebi-561	225	7	to	to	PART
ajebi-561	225	8	allow	allow	VERB
ajebi-561	225	9	chinese	chinese	ADJ
ajebi-561	225	10	chip	chip	NOUN
ajebi-561	225	11	businesses	business	NOUN
ajebi-561	225	12	to	to	PART
ajebi-561	225	13	technically	technically	ADV
ajebi-561	225	14	outperform	outperform	VERB
ajebi-561	225	15	the	the	DET
ajebi-561	225	16	world	world	NOUN
ajebi-561	225	17	’s	’s	PART
ajebi-561	225	18	top	top	ADJ
ajebi-561	225	19	firms	firm	NOUN
ajebi-561	225	20	in	in	ADP
ajebi-561	225	21	the	the	DET
ajebi-561	225	22	design	design	NOUN
ajebi-561	225	23	,	,	PUNCT
ajebi-561	225	24	assembly	assembly	NOUN
ajebi-561	225	25	,	,	PUNCT
ajebi-561	225	26	and	and	CCONJ
ajebi-561	225	27	packaging	packaging	NOUN
ajebi-561	225	28	of	of	ADP
ajebi-561	225	29	different	different	ADJ
ajebi-561	225	30	kinds	kind	NOUN
ajebi-561	225	31	of	of	ADP
ajebi-561	225	32	chips	chip	NOUN
ajebi-561	225	33	,	,	PUNCT
ajebi-561	225	34	and	and	CCONJ
ajebi-561	225	35	to	to	PART
ajebi-561	225	36	terminate	terminate	VERB
ajebi-561	225	37	their	their	PRON
ajebi-561	225	38	reliance	reliance	NOUN
ajebi-561	225	39	on	on	ADP
ajebi-561	225	40	foreign	foreign	ADJ
ajebi-561	225	41	suppliers	supplier	NOUN
ajebi-561	225	42	(	(	PUNCT
ajebi-561	225	43	zenglein	zenglein	PROPN
ajebi-561	225	44	&	&	CCONJ
ajebi-561	225	45	holzmann	holzmann	PROPN
ajebi-561	225	46	,	,	PUNCT
ajebi-561	225	47	2019	2019	NUM
ajebi-561	225	48	)	)	PUNCT
ajebi-561	225	49	.	.	PUNCT
ajebi-561	226	1	in	in	ADP
ajebi-561	226	2	2015	2015	NUM
ajebi-561	226	3	,	,	PUNCT
ajebi-561	226	4	the	the	DET
ajebi-561	226	5	chinese	chinese	ADJ
ajebi-561	226	6	government	government	NOUN
ajebi-561	226	7	also	also	ADV
ajebi-561	226	8	established	establish	VERB
ajebi-561	226	9	a	a	DET
ajebi-561	226	10	new	new	ADJ
ajebi-561	226	11	objective	objective	NOUN
ajebi-561	226	12	:	:	PUNCT
ajebi-561	226	13	to	to	PART
ajebi-561	226	14	improve	improve	VERB
ajebi-561	226	15	the	the	DET
ajebi-561	226	16	rate	rate	NOUN
ajebi-561	226	17	of	of	ADP
ajebi-561	226	18	self	self	NOUN
ajebi-561	226	19	-	-	PUNCT
ajebi-561	226	20	regulation	regulation	NOUN
ajebi-561	226	21	on	on	ADP
ajebi-561	226	22	the	the	DET
ajebi-561	226	23	domestic	domestic	ADJ
ajebi-561	226	24	chip	chip	NOUN
ajebi-561	226	25	market	market	NOUN
ajebi-561	226	26	to	to	ADP
ajebi-561	226	27	70	70	NUM
ajebi-561	226	28	%	%	NOUN
ajebi-561	226	29	within	within	ADP
ajebi-561	226	30	ten	ten	NUM
ajebi-561	226	31	years	year	NOUN
ajebi-561	226	32	.	.	PUNCT
ajebi-561	227	1	tsinghua	tsinghua	PROPN
ajebi-561	227	2	unisplendour	unisplendour	PROPN
ajebi-561	227	3	is	be	AUX
ajebi-561	227	4	able	able	ADJ
ajebi-561	227	5	to	to	PART
ajebi-561	227	6	develop	develop	VERB
ajebi-561	227	7	high	high	ADJ
ajebi-561	227	8	-	-	PUNCT
ajebi-561	227	9	end	end	NOUN
ajebi-561	227	10	chips	chip	NOUN
ajebi-561	227	11	with	with	ADP
ajebi-561	227	12	government	government	NOUN
ajebi-561	227	13	support	support	NOUN
ajebi-561	227	14	,	,	PUNCT
ajebi-561	227	15	but	but	CCONJ
ajebi-561	227	16	its	its	PRON
ajebi-561	227	17	overall	overall	ADJ
ajebi-561	227	18	design	design	NOUN
ajebi-561	227	19	and	and	CCONJ
ajebi-561	227	20	production	production	NOUN
ajebi-561	227	21	capacity	capacity	NOUN
ajebi-561	227	22	are	be	AUX
ajebi-561	227	23	insufficient	insufficient	ADJ
ajebi-561	227	24	.	.	PUNCT
ajebi-561	228	1	in	in	ADP
ajebi-561	228	2	contrast	contrast	NOUN
ajebi-561	228	3	,	,	PUNCT
ajebi-561	228	4	tsmc	tsmc	PROPN
ajebi-561	228	5	has	have	VERB
ajebi-561	228	6	a	a	DET
ajebi-561	228	7	complete	complete	ADJ
ajebi-561	228	8	chip	chip	NOUN
ajebi-561	228	9	manufacturing	manufacturing	NOUN
ajebi-561	228	10	chain	chain	NOUN
ajebi-561	228	11	,	,	PUNCT
ajebi-561	228	12	but	but	CCONJ
ajebi-561	228	13	its	its	PRON
ajebi-561	228	14	r	r	NOUN
ajebi-561	228	15	&	&	CCONJ
ajebi-561	228	16	d	d	PROPN
ajebi-561	228	17	intensity	intensity	NOUN
ajebi-561	228	18	is	be	AUX
ajebi-561	228	19	insufficient	insufficient	ADJ
ajebi-561	228	20	,	,	PUNCT
ajebi-561	228	21	and	and	CCONJ
ajebi-561	228	22	the	the	DET
ajebi-561	228	23	departure	departure	NOUN
ajebi-561	228	24	of	of	ADP
ajebi-561	228	25	a	a	DET
ajebi-561	228	26	number	number	NOUN
ajebi-561	228	27	of	of	ADP
ajebi-561	228	28	tsmc	tsmc	PROPN
ajebi-561	228	29	executives	executive	NOUN
ajebi-561	228	30	has	have	AUX
ajebi-561	228	31	severely	severely	ADV
ajebi-561	228	32	weakened	weaken	VERB
ajebi-561	228	33	the	the	DET
ajebi-561	228	34	company	company	NOUN
ajebi-561	228	35	’s	’s	PART
ajebi-561	228	36	technological	technological	ADJ
ajebi-561	228	37	superiority	superiority	NOUN
ajebi-561	228	38	.	.	PUNCT
ajebi-561	229	1	compared	compare	VERB
ajebi-561	229	2	to	to	ADP
ajebi-561	229	3	other	other	ADJ
ajebi-561	229	4	chip	chip	NOUN
ajebi-561	229	5	firms	firm	NOUN
ajebi-561	229	6	in	in	ADP
ajebi-561	229	7	the	the	DET
ajebi-561	229	8	globe	globe	NOUN
ajebi-561	229	9	,	,	PUNCT
ajebi-561	229	10	tsmc	tsmc	PROPN
ajebi-561	229	11	’s	’s	PART
ajebi-561	229	12	r&d	r&d	NOUN
ajebi-561	229	13	spending	spending	NOUN
ajebi-561	229	14	is	be	AUX
ajebi-561	229	15	comparatively	comparatively	ADV
ajebi-561	229	16	modest	modest	ADJ
ajebi-561	229	17	.	.	PUNCT
ajebi-561	230	1	however	however	ADV
ajebi-561	230	2	,	,	PUNCT
ajebi-561	230	3	with	with	ADP
ajebi-561	230	4	the	the	DET
ajebi-561	230	5	fast	fast	ADJ
ajebi-561	230	6	growth	growth	NOUN
ajebi-561	230	7	of	of	ADP
ajebi-561	230	8	technology	technology	NOUN
ajebi-561	230	9	,	,	PUNCT
ajebi-561	230	10	tsmc	tsmc	PROPN
ajebi-561	230	11	should	should	AUX
ajebi-561	230	12	improve	improve	VERB
ajebi-561	230	13	r&d	r&d	NOUN
ajebi-561	230	14	to	to	PART
ajebi-561	230	15	keep	keep	VERB
ajebi-561	230	16	up	up	ADP
ajebi-561	230	17	with	with	ADP
ajebi-561	230	18	this	this	DET
ajebi-561	230	19	wave	wave	NOUN
ajebi-561	230	20	of	of	ADP
ajebi-561	230	21	technology	technology	NOUN
ajebi-561	230	22	.	.	PUNCT
ajebi-561	231	1	if	if	SCONJ
ajebi-561	231	2	tsinghua	tsinghua	PROPN
ajebi-561	231	3	unisplendour	unisplendour	PROPN
ajebi-561	231	4	and	and	CCONJ
ajebi-561	231	5	tsmc	tsmc	PROPN
ajebi-561	231	6	can	can	AUX
ajebi-561	231	7	successfully	successfully	ADV
ajebi-561	231	8	integrate	integrate	VERB
ajebi-561	231	9	,	,	PUNCT
ajebi-561	231	10	the	the	DET
ajebi-561	231	11	resulting	result	VERB
ajebi-561	231	12	business	business	NOUN
ajebi-561	231	13	will	will	AUX
ajebi-561	231	14	have	have	VERB
ajebi-561	231	15	both	both	PRON
ajebi-561	231	16	robust	robust	ADJ
ajebi-561	231	17	r&d	r&d	NOUN
ajebi-561	231	18	and	and	CCONJ
ajebi-561	231	19	comprehensive	comprehensive	ADJ
ajebi-561	231	20	manufacturing	manufacturing	NOUN
ajebi-561	231	21	capabilities	capability	NOUN
ajebi-561	231	22	.	.	PUNCT
ajebi-561	232	1	china	china	PROPN
ajebi-561	232	2	’s	’s	PART
ajebi-561	232	3	integrated	integrate	VERB
ajebi-561	232	4	circuit	circuit	NOUN
ajebi-561	232	5	market	market	NOUN
ajebi-561	232	6	grew	grow	VERB
ajebi-561	232	7	from	from	ADP
ajebi-561	232	8	126	126	NUM
ajebi-561	232	9	billion	billion	NUM
ajebi-561	232	10	yuan	yuan	NOUN
ajebi-561	232	11	in	in	ADP
ajebi-561	232	12	2001	2001	NUM
ajebi-561	232	13	to	to	ADP
ajebi-561	232	14	around	around	ADP
ajebi-561	232	15	1.2	1.2	NUM
ajebi-561	232	16	billion	billion	NUM
ajebi-561	232	17	yuan	yuan	NOUN
ajebi-561	232	18	in	in	ADP
ajebi-561	232	19	2016	2016	NUM
ajebi-561	232	20	,	,	PUNCT
ajebi-561	232	21	accounting	account	VERB
ajebi-561	232	22	for	for	ADP
ajebi-561	232	23	over	over	ADP
ajebi-561	232	24	60	60	NUM
ajebi-561	232	25	%	%	NOUN
ajebi-561	232	26	of	of	ADP
ajebi-561	232	27	the	the	DET
ajebi-561	232	28	worldwide	worldwide	ADJ
ajebi-561	232	29	market	market	NOUN
ajebi-561	232	30	share	share	NOUN
ajebi-561	232	31	,	,	PUNCT
ajebi-561	232	32	while	while	SCONJ
ajebi-561	232	33	the	the	DET
ajebi-561	232	34	growth	growth	NOUN
ajebi-561	232	35	rates	rate	NOUN
ajebi-561	232	36	of	of	ADP
ajebi-561	232	37	the	the	DET
ajebi-561	232	38	integrated	integrate	VERB
ajebi-561	232	39	circuit	circuit	NOUN
ajebi-561	232	40	industry	industry	NOUN
ajebi-561	232	41	and	and	CCONJ
ajebi-561	232	42	market	market	NOUN
ajebi-561	232	43	were	be	AUX
ajebi-561	232	44	38.4	38.4	NUM
ajebi-561	232	45	%	%	NOUN
ajebi-561	232	46	and	and	CCONJ
ajebi-561	232	47	15.1	15.1	NUM
ajebi-561	232	48	%	%	NOUN
ajebi-561	232	49	,	,	PUNCT
ajebi-561	232	50	respectively	respectively	ADV
ajebi-561	232	51	.	.	PUNCT
ajebi-561	233	1	in	in	ADP
ajebi-561	233	2	the	the	DET
ajebi-561	233	3	context	context	NOUN
ajebi-561	233	4	of	of	ADP
ajebi-561	233	5	a	a	DET
ajebi-561	233	6	sluggish	sluggish	ADJ
ajebi-561	233	7	global	global	ADJ
ajebi-561	233	8	integrated	integrate	VERB
ajebi-561	233	9	circuit	circuit	NOUN
ajebi-561	233	10	market	market	NOUN
ajebi-561	233	11	,	,	PUNCT
ajebi-561	233	12	the	the	DET
ajebi-561	233	13	proportion	proportion	NOUN
ajebi-561	233	14	of	of	ADP
ajebi-561	233	15	the	the	DET
ajebi-561	233	16	chinese	chinese	ADJ
ajebi-561	233	17	market	market	NOUN
ajebi-561	233	18	in	in	ADP
ajebi-561	233	19	the	the	DET
ajebi-561	233	20	global	global	ADJ
ajebi-561	233	21	market	market	NOUN
ajebi-561	233	22	is	be	AUX
ajebi-561	233	23	steadily	steadily	ADV
ajebi-561	233	24	increasing	increase	VERB
ajebi-561	233	25	.	.	PUNCT
ajebi-561	234	1	with	with	ADP
ajebi-561	234	2	the	the	DET
ajebi-561	234	3	introduction	introduction	NOUN
ajebi-561	234	4	and	and	CCONJ
ajebi-561	234	5	implementation	implementation	NOUN
ajebi-561	234	6	of	of	ADP
ajebi-561	234	7	“	"	PUNCT
ajebi-561	234	8	made	make	VERB
ajebi-561	234	9	in	in	ADP
ajebi-561	234	10	china	china	PROPN
ajebi-561	234	11	2025	2025	NUM
ajebi-561	234	12	,	,	PUNCT
ajebi-561	234	13	”	"	PUNCT
ajebi-561	234	14	the	the	DET
ajebi-561	234	15	development	development	NOUN
ajebi-561	234	16	of	of	ADP
ajebi-561	234	17	high	high	ADJ
ajebi-561	234	18	-	-	PUNCT
ajebi-561	234	19	tech	tech	NOUN
ajebi-561	234	20	enterprises	enterprise	NOUN
ajebi-561	234	21	in	in	ADP
ajebi-561	234	22	china	china	PROPN
ajebi-561	234	23	will	will	AUX
ajebi-561	234	24	accelerate	accelerate	VERB
ajebi-561	234	25	even	even	ADV
ajebi-561	234	26	further	far	ADV
ajebi-561	234	27	.	.	PUNCT
ajebi-561	235	1	future	future	ADJ
ajebi-561	235	2	demand	demand	NOUN
ajebi-561	235	3	for	for	ADP
ajebi-561	235	4	highend	highend	ADJ
ajebi-561	235	5	chips	chip	NOUN
ajebi-561	235	6	in	in	ADP
ajebi-561	235	7	artificial	artificial	ADJ
ajebi-561	235	8	intelligence	intelligence	NOUN
ajebi-561	235	9	,	,	PUNCT
ajebi-561	235	10	big	big	ADJ
ajebi-561	235	11	data	datum	NOUN
ajebi-561	235	12	,	,	PUNCT
ajebi-561	235	13	smart	smart	ADJ
ajebi-561	235	14	materials	material	NOUN
ajebi-561	235	15	,	,	PUNCT
ajebi-561	235	16	and	and	CCONJ
ajebi-561	235	17	precision	precision	NOUN
ajebi-561	235	18	equipment	equipment	NOUN
ajebi-561	235	19	production	production	NOUN
ajebi-561	235	20	will	will	AUX
ajebi-561	235	21	be	be	AUX
ajebi-561	235	22	much	much	ADV
ajebi-561	235	23	greater	great	ADJ
ajebi-561	235	24	.	.	PUNCT
ajebi-561	236	1	china	china	PROPN
ajebi-561	236	2	’s	’s	PART
ajebi-561	236	3	present	present	ADJ
ajebi-561	236	4	chip	chip	NOUN
ajebi-561	236	5	self	self	NOUN
ajebi-561	236	6	-	-	PUNCT
ajebi-561	236	7	sufficiency	sufficiency	NOUN
ajebi-561	236	8	rate	rate	NOUN
ajebi-561	236	9	is	be	AUX
ajebi-561	236	10	less	less	ADJ
ajebi-561	236	11	than	than	ADP
ajebi-561	236	12	20	20	NUM
ajebi-561	236	13	%	%	NOUN
ajebi-561	236	14	,	,	PUNCT
ajebi-561	236	15	indicating	indicate	VERB
ajebi-561	236	16	that	that	SCONJ
ajebi-561	236	17	the	the	DET
ajebi-561	236	18	chinese	chinese	ADJ
ajebi-561	236	19	market	market	NOUN
ajebi-561	236	20	has	have	VERB
ajebi-561	236	21	a	a	DET
ajebi-561	236	22	significant	significant	ADJ
ajebi-561	236	23	demand	demand	NOUN
ajebi-561	236	24	gap	gap	NOUN
ajebi-561	236	25	.	.	PUNCT
ajebi-561	237	1	the	the	DET
ajebi-561	237	2	central	central	ADJ
ajebi-561	237	3	government	government	NOUN
ajebi-561	237	4	government	government	NOUN
ajebi-561	237	5	procurement	procurement	NOUN
ajebi-561	237	6	network	network	NOUN
ajebi-561	237	7	posts	post	VERB
ajebi-561	237	8	the	the	DET
ajebi-561	237	9	“	"	PUNCT
ajebi-561	237	10	announcement	announcement	NOUN
ajebi-561	237	11	of	of	ADP
ajebi-561	237	12	public	public	ADJ
ajebi-561	237	13	comment	comment	NOUN
ajebi-561	237	14	on	on	ADP
ajebi-561	237	15	information	information	NOUN
ajebi-561	237	16	products	product	NOUN
ajebi-561	237	17	(	(	PUNCT
ajebi-561	237	18	hardware	hardware	NOUN
ajebi-561	237	19	)	)	PUNCT
ajebi-561	237	20	and	and	CCONJ
ajebi-561	237	21	air	air	NOUN
ajebi-561	237	22	conditioning	conditioning	NOUN
ajebi-561	237	23	products	product	NOUN
ajebi-561	237	24	procurement	procurement	NOUN
ajebi-561	237	25	projects	project	NOUN
ajebi-561	237	26	of	of	ADP
ajebi-561	237	27	central	central	ADJ
ajebi-561	237	28	government	government	NOUN
ajebi-561	237	29	”	"	PUNCT
ajebi-561	237	30	included	include	VERB
ajebi-561	237	31	on	on	ADP
ajebi-561	237	32	the	the	DET
ajebi-561	237	33	list	list	NOUN
ajebi-561	237	34	were	be	AUX
ajebi-561	237	35	announcements	announcement	NOUN
ajebi-561	237	36	pertaining	pertain	VERB
ajebi-561	237	37	to	to	ADP
ajebi-561	237	38	desktop	desktop	NOUN
ajebi-561	237	39	,	,	PUNCT
ajebi-561	237	40	laptop	laptop	NOUN
ajebi-561	237	41	,	,	PUNCT
ajebi-561	237	42	server	server	NOUN
ajebi-561	237	43	,	,	PUNCT
ajebi-561	237	44	switch	switch	NOUN
ajebi-561	237	45	,	,	PUNCT
ajebi-561	237	46	air	air	NOUN
ajebi-561	237	47	conditioner	conditioner	NOUN
ajebi-561	237	48	,	,	PUNCT
ajebi-561	237	49	and	and	CCONJ
ajebi-561	237	50	other	other	ADJ
ajebi-561	237	51	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	237	52	pa	pa	PROPN
ajebi-561	237	53	ge	ge	PROPN
ajebi-561	237	54	30	30	NUM
ajebi-561	237	55	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	237	56	am	am	NOUN
ajebi-561	237	57	.	.	PUNCT
ajebi-561	238	1	j.	j.	PROPN
ajebi-561	238	2	econ	econ	PROPN
ajebi-561	238	3	.	.	PUNCT
ajebi-561	238	4	bus	bus	PROPN
ajebi-561	238	5	.	.	PUNCT
ajebi-561	239	1	innov	innov	PROPN
ajebi-561	239	2	.	.	PUNCT
ajebi-561	240	1	1(3	1(3	NUM
ajebi-561	240	2	)	)	PUNCT
ajebi-561	240	3	24	24	NUM
ajebi-561	240	4	-	-	SYM
ajebi-561	240	5	35	35	NUM
ajebi-561	240	6	,	,	PUNCT
ajebi-561	240	7	2022	2022	NUM
ajebi-561	240	8	procurement	procurement	NOUN
ajebi-561	240	9	brand	brand	NOUN
ajebi-561	240	10	-	-	PUNCT
ajebi-561	240	11	related	relate	VERB
ajebi-561	240	12	product	product	NOUN
ajebi-561	240	13	technical	technical	ADJ
ajebi-561	240	14	requirements	requirement	NOUN
ajebi-561	240	15	,	,	PUNCT
ajebi-561	240	16	domestic	domestic	ADJ
ajebi-561	240	17	operating	operating	NOUN
ajebi-561	240	18	systems	system	NOUN
ajebi-561	240	19	,	,	PUNCT
ajebi-561	240	20	and	and	CCONJ
ajebi-561	240	21	domestic	domestic	ADJ
ajebi-561	240	22	chips	chip	NOUN
ajebi-561	240	23	.	.	PUNCT
ajebi-561	241	1	this	this	PRON
ajebi-561	241	2	is	be	AUX
ajebi-561	241	3	very	very	ADV
ajebi-561	241	4	beneficial	beneficial	ADJ
ajebi-561	241	5	for	for	ADP
ajebi-561	241	6	the	the	DET
ajebi-561	241	7	growth	growth	NOUN
ajebi-561	241	8	of	of	ADP
ajebi-561	241	9	homegrown	homegrown	ADJ
ajebi-561	241	10	semiconductor	semiconductor	NOUN
ajebi-561	241	11	firms	firm	NOUN
ajebi-561	241	12	.	.	PUNCT
ajebi-561	242	1	after	after	SCONJ
ajebi-561	242	2	unis	unis	NOUN
ajebi-561	242	3	and	and	CCONJ
ajebi-561	242	4	tsmc	tsmc	PROPN
ajebi-561	242	5	amalgamated	amalgamate	VERB
ajebi-561	242	6	,	,	PUNCT
ajebi-561	242	7	the	the	DET
ajebi-561	242	8	resulting	result	VERB
ajebi-561	242	9	firm	firm	NOUN
ajebi-561	242	10	was	be	AUX
ajebi-561	242	11	recognized	recognize	VERB
ajebi-561	242	12	as	as	ADP
ajebi-561	242	13	a	a	DET
ajebi-561	242	14	“	"	PUNCT
ajebi-561	242	15	medium	medium	ADJ
ajebi-561	242	16	concept	concept	NOUN
ajebi-561	242	17	”	"	PUNCT
ajebi-561	242	18	business	business	NOUN
ajebi-561	242	19	,	,	PUNCT
ajebi-561	242	20	and	and	CCONJ
ajebi-561	242	21	it	it	PRON
ajebi-561	242	22	was	be	AUX
ajebi-561	242	23	deemed	deem	VERB
ajebi-561	242	24	advantageous	advantageous	ADJ
ajebi-561	242	25	to	to	PART
ajebi-561	242	26	enter	enter	VERB
ajebi-561	242	27	the	the	DET
ajebi-561	242	28	mainland	mainland	NOUN
ajebi-561	242	29	china	china	PROPN
ajebi-561	242	30	sales	sale	NOUN
ajebi-561	242	31	market	market	NOUN
ajebi-561	242	32	.	.	PUNCT
ajebi-561	243	1	the	the	DET
ajebi-561	243	2	beijing	beijing	PROPN
ajebi-561	243	3	municipal	municipal	ADJ
ajebi-561	243	4	government	government	NOUN
ajebi-561	243	5	and	and	CCONJ
ajebi-561	243	6	the	the	DET
ajebi-561	243	7	central	central	ADJ
ajebi-561	243	8	government	government	NOUN
ajebi-561	243	9	will	will	AUX
ajebi-561	243	10	provide	provide	VERB
ajebi-561	243	11	them	they	PRON
ajebi-561	243	12	with	with	ADP
ajebi-561	243	13	generous	generous	ADJ
ajebi-561	243	14	policies	policy	NOUN
ajebi-561	243	15	and	and	CCONJ
ajebi-561	243	16	financial	financial	ADJ
ajebi-561	243	17	support	support	NOUN
ajebi-561	243	18	:	:	PUNCT
ajebi-561	243	19	not	not	PART
ajebi-561	243	20	only	only	ADV
ajebi-561	243	21	in	in	ADP
ajebi-561	243	22	terms	term	NOUN
ajebi-561	243	23	of	of	ADP
ajebi-561	243	24	policies	policy	NOUN
ajebi-561	243	25	,	,	PUNCT
ajebi-561	243	26	but	but	CCONJ
ajebi-561	243	27	also	also	ADV
ajebi-561	243	28	actively	actively	ADV
ajebi-561	243	29	promoting	promote	VERB
ajebi-561	243	30	excellent	excellent	ADJ
ajebi-561	243	31	companies	company	NOUN
ajebi-561	243	32	at	at	ADP
ajebi-561	243	33	home	home	ADV
ajebi-561	243	34	and	and	CCONJ
ajebi-561	243	35	abroad	abroad	ADV
ajebi-561	243	36	to	to	PART
ajebi-561	243	37	cooperate	cooperate	VERB
ajebi-561	243	38	,	,	PUNCT
ajebi-561	243	39	and	and	CCONJ
ajebi-561	243	40	giving	give	VERB
ajebi-561	243	41	more	more	ADJ
ajebi-561	243	42	financial	financial	ADJ
ajebi-561	243	43	and	and	CCONJ
ajebi-561	243	44	tax	tax	NOUN
ajebi-561	243	45	concessions	concession	NOUN
ajebi-561	243	46	in	in	ADP
ajebi-561	243	47	the	the	DET
ajebi-561	243	48	planning	planning	NOUN
ajebi-561	243	49	and	and	CCONJ
ajebi-561	243	50	construction	construction	NOUN
ajebi-561	243	51	of	of	ADP
ajebi-561	243	52	factories	factory	NOUN
ajebi-561	243	53	.	.	PUNCT
ajebi-561	244	1	on	on	ADP
ajebi-561	244	2	february	february	PROPN
ajebi-561	244	3	14	14	NUM
ajebi-561	244	4	,	,	PUNCT
ajebi-561	244	5	2015	2015	NUM
ajebi-561	244	6	,	,	PUNCT
ajebi-561	244	7	the	the	DET
ajebi-561	244	8	national	national	ADJ
ajebi-561	244	9	integrated	integrate	VERB
ajebi-561	244	10	circuit	circuit	NOUN
ajebi-561	244	11	industry	industry	NOUN
ajebi-561	244	12	investment	investment	NOUN
ajebi-561	244	13	fund	fund	NOUN
ajebi-561	244	14	stated	state	VERB
ajebi-561	244	15	it	it	PRON
ajebi-561	244	16	will	will	AUX
ajebi-561	244	17	invest	invest	VERB
ajebi-561	244	18	10	10	NUM
ajebi-561	244	19	billion	billion	NUM
ajebi-561	244	20	yuan	yuan	NOUN
ajebi-561	244	21	in	in	ADP
ajebi-561	244	22	beijing	beijing	PROPN
ajebi-561	244	23	zhanrui	zhanrui	PROPN
ajebi-561	244	24	(	(	PUNCT
ajebi-561	244	25	a	a	DET
ajebi-561	244	26	subsidiary	subsidiary	NOUN
ajebi-561	244	27	of	of	ADP
ajebi-561	244	28	unis	unis	NOUN
ajebi-561	244	29	group	group	NOUN
ajebi-561	244	30	)	)	PUNCT
ajebi-561	244	31	,	,	PUNCT
ajebi-561	244	32	and	and	CCONJ
ajebi-561	244	33	the	the	DET
ajebi-561	244	34	china	china	PROPN
ajebi-561	244	35	development	development	PROPN
ajebi-561	244	36	bank	bank	PROPN
ajebi-561	244	37	(	(	PUNCT
ajebi-561	244	38	cdb	cdb	PROPN
ajebi-561	244	39	)	)	PUNCT
ajebi-561	244	40	announced	announce	VERB
ajebi-561	244	41	it	it	PRON
ajebi-561	244	42	would	would	AUX
ajebi-561	244	43	give	give	VERB
ajebi-561	244	44	20	20	NUM
ajebi-561	244	45	billion	billion	NUM
ajebi-561	244	46	yuan	yuan	NOUN
ajebi-561	244	47	in	in	ADP
ajebi-561	244	48	complete	complete	ADJ
ajebi-561	244	49	credit	credit	NOUN
ajebi-561	244	50	grants	grant	NOUN
ajebi-561	244	51	.	.	PUNCT
ajebi-561	245	1	after	after	ADP
ajebi-561	245	2	the	the	DET
ajebi-561	245	3	approval	approval	NOUN
ajebi-561	245	4	of	of	ADP
ajebi-561	245	5	the	the	DET
ajebi-561	245	6	national	national	PROPN
ajebi-561	245	7	industry	industry	PROPN
ajebi-561	245	8	fund	fund	PROPN
ajebi-561	245	9	and	and	CCONJ
ajebi-561	245	10	china	china	PROPN
ajebi-561	245	11	development	development	PROPN
ajebi-561	245	12	bank	bank	PROPN
ajebi-561	245	13	,	,	PUNCT
ajebi-561	245	14	several	several	ADJ
ajebi-561	245	15	marketplaces	marketplace	NOUN
ajebi-561	245	16	flooded	flood	VERB
ajebi-561	245	17	the	the	DET
ajebi-561	245	18	market	market	NOUN
ajebi-561	245	19	with	with	ADP
ajebi-561	245	20	capital	capital	NOUN
ajebi-561	245	21	.	.	PUNCT
ajebi-561	246	1	china	china	PROPN
ajebi-561	246	2	development	development	PROPN
ajebi-561	246	3	bank	bank	PROPN
ajebi-561	246	4	and	and	CCONJ
ajebi-561	246	5	the	the	DET
ajebi-561	246	6	national	national	PROPN
ajebi-561	246	7	ic	ic	PROPN
ajebi-561	246	8	industry	industry	NOUN
ajebi-561	246	9	investment	investment	NOUN
ajebi-561	246	10	fund	fund	NOUN
ajebi-561	246	11	provided	provide	VERB
ajebi-561	246	12	unis	unis	NOUN
ajebi-561	246	13	group	group	NOUN
ajebi-561	246	14	with	with	ADP
ajebi-561	246	15	150	150	NUM
ajebi-561	246	16	billion	billion	NUM
ajebi-561	246	17	yuan	yuan	NOUN
ajebi-561	246	18	in	in	ADP
ajebi-561	246	19	investment	investment	NOUN
ajebi-561	246	20	and	and	CCONJ
ajebi-561	246	21	financial	financial	ADJ
ajebi-561	246	22	assistance	assistance	NOUN
ajebi-561	246	23	in	in	ADP
ajebi-561	246	24	2017	2017	NUM
ajebi-561	246	25	.	.	PUNCT
ajebi-561	247	1	under	under	ADP
ajebi-561	247	2	the	the	DET
ajebi-561	247	3	direction	direction	NOUN
ajebi-561	247	4	of	of	ADP
ajebi-561	247	5	the	the	DET
ajebi-561	247	6	taiwan	taiwan	PROPN
ajebi-561	247	7	democratic	democratic	PROPN
ajebi-561	247	8	progressive	progressive	PROPN
ajebi-561	247	9	party	party	NOUN
ajebi-561	247	10	,	,	PUNCT
ajebi-561	247	11	industrial	industrial	ADJ
ajebi-561	247	12	power	power	NOUN
ajebi-561	247	13	prices	price	NOUN
ajebi-561	247	14	in	in	ADP
ajebi-561	247	15	taiwan	taiwan	PROPN
ajebi-561	247	16	have	have	AUX
ajebi-561	247	17	continued	continue	VERB
ajebi-561	247	18	to	to	PART
ajebi-561	247	19	increase	increase	VERB
ajebi-561	247	20	.	.	PUNCT
ajebi-561	248	1	the	the	DET
ajebi-561	248	2	dpp	dpp	PROPN
ajebi-561	248	3	administration	administration	PROPN
ajebi-561	248	4	opposed	oppose	VERB
ajebi-561	248	5	the	the	DET
ajebi-561	248	6	chinese	chinese	PROPN
ajebi-561	248	7	and	and	CCONJ
ajebi-561	248	8	impeded	impede	VERB
ajebi-561	248	9	the	the	DET
ajebi-561	248	10	regular	regular	ADJ
ajebi-561	248	11	interaction	interaction	NOUN
ajebi-561	248	12	between	between	ADP
ajebi-561	248	13	island	island	NOUN
ajebi-561	248	14	and	and	CCONJ
ajebi-561	248	15	mainland	mainland	NOUN
ajebi-561	248	16	businesses	business	NOUN
ajebi-561	248	17	(	(	PUNCT
ajebi-561	248	18	lo	lo	PROPN
ajebi-561	248	19	,	,	PUNCT
ajebi-561	248	20	2022	2022	NUM
ajebi-561	248	21	)	)	PUNCT
ajebi-561	248	22	.	.	PUNCT
ajebi-561	249	1	taiwan	taiwan	PROPN
ajebi-561	249	2	semiconductor	semiconductor	PROPN
ajebi-561	249	3	manufacturing	manufacturing	PROPN
ajebi-561	249	4	co.	co.	PROPN
ajebi-561	249	5	,	,	PUNCT
ajebi-561	249	6	ltd	ltd	PROPN
ajebi-561	249	7	.	.	PROPN
ajebi-561	249	8	actively	actively	ADV
ajebi-561	249	9	seeks	seek	VERB
ajebi-561	249	10	a	a	DET
ajebi-561	249	11	route	route	NOUN
ajebi-561	249	12	out	out	ADP
ajebi-561	249	13	of	of	ADP
ajebi-561	249	14	the	the	DET
ajebi-561	249	15	island	island	NOUN
ajebi-561	249	16	’s	’s	PART
ajebi-561	249	17	unfavorable	unfavorable	ADJ
ajebi-561	249	18	economic	economic	ADJ
ajebi-561	249	19	climate	climate	NOUN
ajebi-561	249	20	.	.	PUNCT
ajebi-561	250	1	in	in	ADP
ajebi-561	250	2	nanjing	nanjing	PROPN
ajebi-561	250	3	,	,	PUNCT
ajebi-561	250	4	chongqing	chongqing	PROPN
ajebi-561	250	5	,	,	PUNCT
ajebi-561	250	6	and	and	CCONJ
ajebi-561	250	7	other	other	ADJ
ajebi-561	250	8	chinese	chinese	ADJ
ajebi-561	250	9	cities	city	NOUN
ajebi-561	250	10	,	,	PUNCT
ajebi-561	250	11	they	they	PRON
ajebi-561	250	12	construct	construct	VERB
ajebi-561	250	13	factories	factory	NOUN
ajebi-561	250	14	in	in	ADP
ajebi-561	250	15	partnership	partnership	NOUN
ajebi-561	250	16	with	with	ADP
ajebi-561	250	17	local	local	ADJ
ajebi-561	250	18	businesses	business	NOUN
ajebi-561	250	19	.	.	PUNCT
ajebi-561	251	1	if	if	SCONJ
ajebi-561	251	2	tsmc	tsmc	PROPN
ajebi-561	251	3	and	and	CCONJ
ajebi-561	251	4	tsinghua	tsinghua	PROPN
ajebi-561	251	5	unisplendour	unisplendour	PROPN
ajebi-561	251	6	can	can	AUX
ajebi-561	251	7	work	work	VERB
ajebi-561	251	8	together	together	ADV
ajebi-561	251	9	,	,	PUNCT
ajebi-561	251	10	tsmc	tsmc	PROPN
ajebi-561	251	11	will	will	AUX
ajebi-561	251	12	be	be	AUX
ajebi-561	251	13	able	able	ADJ
ajebi-561	251	14	to	to	PART
ajebi-561	251	15	charge	charge	VERB
ajebi-561	251	16	for	for	ADP
ajebi-561	251	17	the	the	DET
ajebi-561	251	18	foreseeable	foreseeable	ADJ
ajebi-561	251	19	future	future	NOUN
ajebi-561	251	20	.	.	PUNCT
ajebi-561	252	1	valuation	valuation	NOUN
ajebi-561	252	2	of	of	ADP
ajebi-561	252	3	unis	unis	ADJ
ajebi-561	252	4	financial	financial	ADJ
ajebi-561	252	5	ratio	ratio	NOUN
ajebi-561	252	6	analysis	analysis	NOUN
ajebi-561	252	7	we	we	PRON
ajebi-561	252	8	will	will	AUX
ajebi-561	252	9	begin	begin	VERB
ajebi-561	252	10	our	our	PRON
ajebi-561	252	11	appraisal	appraisal	NOUN
ajebi-561	252	12	by	by	ADP
ajebi-561	252	13	studying	study	VERB
ajebi-561	252	14	unis	unis	NOUN
ajebi-561	252	15	’s	’s	PART
ajebi-561	252	16	profitability	profitability	NOUN
ajebi-561	252	17	ratio	ratio	NOUN
ajebi-561	252	18	,	,	PUNCT
ajebi-561	252	19	liquidity	liquidity	NOUN
ajebi-561	252	20	ratio	ratio	NOUN
ajebi-561	252	21	,	,	PUNCT
ajebi-561	252	22	activity	activity	NOUN
ajebi-561	252	23	ratio	ratio	NOUN
ajebi-561	252	24	,	,	PUNCT
ajebi-561	252	25	and	and	CCONJ
ajebi-561	252	26	leverage	leverage	NOUN
ajebi-561	252	27	ratio	ratio	NOUN
ajebi-561	252	28	in	in	ADP
ajebi-561	252	29	order	order	NOUN
ajebi-561	252	30	to	to	PART
ajebi-561	252	31	have	have	AUX
ajebi-561	252	32	a	a	DET
ajebi-561	252	33	basic	basic	ADJ
ajebi-561	252	34	knowledge	knowledge	NOUN
ajebi-561	252	35	of	of	ADP
ajebi-561	252	36	the	the	DET
ajebi-561	252	37	company	company	NOUN
ajebi-561	252	38	’s	’s	PART
ajebi-561	252	39	financial	financial	ADJ
ajebi-561	252	40	situation	situation	NOUN
ajebi-561	252	41	.	.	PUNCT
ajebi-561	253	1	all	all	DET
ajebi-561	253	2	information	information	NOUN
ajebi-561	253	3	is	be	AUX
ajebi-561	253	4	obtained	obtain	VERB
ajebi-561	253	5	from	from	ADP
ajebi-561	253	6	the	the	DET
ajebi-561	253	7	unis	unis	ADJ
ajebi-561	253	8	financial	financial	ADJ
ajebi-561	253	9	report	report	NOUN
ajebi-561	253	10	(	(	PUNCT
ajebi-561	253	11	2017	2017	NUM
ajebi-561	253	12	edition	edition	NOUN
ajebi-561	253	13	)	)	PUNCT
ajebi-561	253	14	.	.	PUNCT
ajebi-561	254	1	in	in	ADP
ajebi-561	254	2	this	this	DET
ajebi-561	254	3	part	part	NOUN
ajebi-561	254	4	,	,	PUNCT
ajebi-561	254	5	we	we	PRON
ajebi-561	254	6	will	will	AUX
ajebi-561	254	7	assess	assess	VERB
ajebi-561	254	8	the	the	DET
ajebi-561	254	9	profitability	profitability	NOUN
ajebi-561	254	10	of	of	ADP
ajebi-561	254	11	unis	unis	NOUN
ajebi-561	254	12	using	use	VERB
ajebi-561	254	13	two	two	NUM
ajebi-561	254	14	ratios	ratio	NOUN
ajebi-561	254	15	:	:	PUNCT
ajebi-561	254	16	return	return	VERB
ajebi-561	254	17	on	on	ADP
ajebi-561	254	18	equity	equity	NOUN
ajebi-561	254	19	(	(	PUNCT
ajebi-561	254	20	roe	roe	PROPN
ajebi-561	254	21	)	)	PUNCT
ajebi-561	254	22	and	and	CCONJ
ajebi-561	254	23	profit	profit	NOUN
ajebi-561	254	24	margin	margin	NOUN
ajebi-561	254	25	on	on	ADP
ajebi-561	254	26	sales	sale	NOUN
ajebi-561	254	27	.	.	PUNCT
ajebi-561	255	1	the	the	DET
ajebi-561	255	2	return	return	NOUN
ajebi-561	255	3	on	on	ADP
ajebi-561	255	4	equity	equity	NOUN
ajebi-561	255	5	(	(	PUNCT
ajebi-561	255	6	roe	roe	PROPN
ajebi-561	255	7	)	)	PUNCT
ajebi-561	255	8	is	be	AUX
ajebi-561	255	9	a	a	DET
ajebi-561	255	10	measure	measure	NOUN
ajebi-561	255	11	of	of	ADP
ajebi-561	255	12	a	a	DET
ajebi-561	255	13	company	company	NOUN
ajebi-561	255	14	’s	’s	PART
ajebi-561	255	15	profitability	profitability	NOUN
ajebi-561	255	16	;	;	PUNCT
ajebi-561	255	17	a	a	DET
ajebi-561	255	18	roe	roe	NOUN
ajebi-561	255	19	between	between	ADP
ajebi-561	255	20	15	15	NUM
ajebi-561	255	21	%	%	NOUN
ajebi-561	255	22	and	and	CCONJ
ajebi-561	255	23	20	20	NUM
ajebi-561	255	24	%	%	NOUN
ajebi-561	255	25	is	be	AUX
ajebi-561	255	26	often	often	ADV
ajebi-561	255	27	regarded	regard	VERB
ajebi-561	255	28	as	as	ADP
ajebi-561	255	29	satisfactory	satisfactory	ADJ
ajebi-561	255	30	.	.	PUNCT
ajebi-561	256	1	a	a	DET
ajebi-561	256	2	return	return	NOUN
ajebi-561	256	3	on	on	ADP
ajebi-561	256	4	equity	equity	NOUN
ajebi-561	256	5	of	of	ADP
ajebi-561	256	6	9.1	9.1	NUM
ajebi-561	256	7	%	%	NOUN
ajebi-561	256	8	is	be	AUX
ajebi-561	256	9	reasonable	reasonable	ADJ
ajebi-561	256	10	,	,	PUNCT
ajebi-561	256	11	given	give	VERB
ajebi-561	256	12	that	that	DET
ajebi-561	256	13	unis	unis	NOUN
ajebi-561	256	14	operates	operate	VERB
ajebi-561	256	15	in	in	ADP
ajebi-561	256	16	a	a	DET
ajebi-561	256	17	rapidly	rapidly	ADV
ajebi-561	256	18	expanding	expand	VERB
ajebi-561	256	19	sector	sector	NOUN
ajebi-561	256	20	in	in	ADP
ajebi-561	256	21	china	china	PROPN
ajebi-561	256	22	and	and	CCONJ
ajebi-561	256	23	invests	invest	VERB
ajebi-561	256	24	heavily	heavily	ADV
ajebi-561	256	25	in	in	ADP
ajebi-561	256	26	r&d	r&d	NOUN
ajebi-561	256	27	.	.	PUNCT
ajebi-561	257	1	profit	profit	NOUN
ajebi-561	257	2	margin	margin	NOUN
ajebi-561	257	3	is	be	AUX
ajebi-561	257	4	the	the	DET
ajebi-561	257	5	proportion	proportion	NOUN
ajebi-561	257	6	of	of	ADP
ajebi-561	257	7	the	the	DET
ajebi-561	257	8	selling	selling	NOUN
ajebi-561	257	9	price	price	NOUN
ajebi-561	257	10	that	that	PRON
ajebi-561	257	11	is	be	AUX
ajebi-561	257	12	converted	convert	VERB
ajebi-561	257	13	to	to	ADP
ajebi-561	257	14	profit	profit	NOUN
ajebi-561	257	15	,	,	PUNCT
ajebi-561	257	16	and	and	CCONJ
ajebi-561	257	17	the	the	PRON
ajebi-561	257	18	higher	high	ADJ
ajebi-561	257	19	it	it	PRON
ajebi-561	257	20	is	be	AUX
ajebi-561	257	21	,	,	PUNCT
ajebi-561	257	22	the	the	PRON
ajebi-561	257	23	better	well	ADJ
ajebi-561	257	24	.	.	PUNCT
ajebi-561	258	1	this	this	DET
ajebi-561	258	2	company	company	NOUN
ajebi-561	258	3	’s	’s	PART
ajebi-561	258	4	6.7	6.7	NUM
ajebi-561	258	5	%	%	NOUN
ajebi-561	258	6	profit	profit	NOUN
ajebi-561	258	7	margin	margin	NOUN
ajebi-561	258	8	on	on	ADP
ajebi-561	258	9	sales	sale	NOUN
ajebi-561	258	10	is	be	AUX
ajebi-561	258	11	not	not	PART
ajebi-561	258	12	outstanding	outstanding	ADJ
ajebi-561	258	13	,	,	PUNCT
ajebi-561	258	14	but	but	CCONJ
ajebi-561	258	15	its	its	PRON
ajebi-561	258	16	high	high	ADJ
ajebi-561	258	17	r&d	r&d	NOUN
ajebi-561	258	18	expenditure	expenditure	NOUN
ajebi-561	258	19	may	may	AUX
ajebi-561	258	20	help	help	VERB
ajebi-561	258	21	it	it	PRON
ajebi-561	258	22	attain	attain	VERB
ajebi-561	258	23	a	a	DET
ajebi-561	258	24	better	well	ADJ
ajebi-561	258	25	profit	profit	NOUN
ajebi-561	258	26	margin	margin	NOUN
ajebi-561	258	27	on	on	ADP
ajebi-561	258	28	sales	sale	NOUN
ajebi-561	258	29	in	in	ADP
ajebi-561	258	30	the	the	DET
ajebi-561	258	31	future	future	NOUN
ajebi-561	258	32	.	.	PUNCT
ajebi-561	259	1	the	the	DET
ajebi-561	259	2	debt	debt	NOUN
ajebi-561	259	3	-	-	PUNCT
ajebi-561	259	4	to	to	ADP
ajebi-561	259	5	-	-	PUNCT
ajebi-561	259	6	asset	asset	NOUN
ajebi-561	259	7	ratio	ratio	NOUN
ajebi-561	259	8	measures	measure	VERB
ajebi-561	259	9	the	the	DET
ajebi-561	259	10	financial	financial	ADJ
ajebi-561	259	11	risks	risk	NOUN
ajebi-561	259	12	and	and	CCONJ
ajebi-561	259	13	leverage	leverage	NOUN
ajebi-561	259	14	ratio	ratio	NOUN
ajebi-561	259	15	of	of	ADP
ajebi-561	259	16	a	a	DET
ajebi-561	259	17	corporation	corporation	NOUN
ajebi-561	259	18	.	.	PUNCT
ajebi-561	260	1	nearly	nearly	ADV
ajebi-561	260	2	one	one	NUM
ajebi-561	260	3	-	-	PUNCT
ajebi-561	260	4	third	third	NOUN
ajebi-561	260	5	of	of	ADP
ajebi-561	260	6	the	the	DET
ajebi-561	260	7	firm	firm	NOUN
ajebi-561	260	8	is	be	AUX
ajebi-561	260	9	backed	back	VERB
ajebi-561	260	10	by	by	ADP
ajebi-561	260	11	debt	debt	NOUN
ajebi-561	260	12	,	,	PUNCT
ajebi-561	260	13	indicating	indicate	VERB
ajebi-561	260	14	that	that	SCONJ
ajebi-561	260	15	it	it	PRON
ajebi-561	260	16	is	be	AUX
ajebi-561	260	17	leveraged	leverage	VERB
ajebi-561	260	18	and	and	CCONJ
ajebi-561	260	19	that	that	SCONJ
ajebi-561	260	20	investors	investor	NOUN
ajebi-561	260	21	can	can	AUX
ajebi-561	260	22	anticipate	anticipate	VERB
ajebi-561	260	23	typical	typical	ADJ
ajebi-561	260	24	levels	level	NOUN
ajebi-561	260	25	of	of	ADP
ajebi-561	260	26	risk	risk	NOUN
ajebi-561	260	27	.	.	PUNCT
ajebi-561	261	1	the	the	DET
ajebi-561	261	2	average	average	ADJ
ajebi-561	261	3	collection	collection	NOUN
ajebi-561	261	4	period	period	NOUN
ajebi-561	261	5	is	be	AUX
ajebi-561	261	6	the	the	DET
ajebi-561	261	7	estimated	estimate	VERB
ajebi-561	261	8	length	length	NOUN
ajebi-561	261	9	of	of	ADP
ajebi-561	261	10	time	time	NOUN
ajebi-561	261	11	it	it	PRON
ajebi-561	261	12	takes	take	VERB
ajebi-561	261	13	a	a	DET
ajebi-561	261	14	firm	firm	NOUN
ajebi-561	261	15	to	to	PART
ajebi-561	261	16	obtain	obtain	VERB
ajebi-561	261	17	payments	payment	NOUN
ajebi-561	261	18	owing	owe	VERB
ajebi-561	261	19	.	.	PUNCT
ajebi-561	262	1	also	also	ADV
ajebi-561	262	2	known	know	VERB
ajebi-561	262	3	as	as	ADP
ajebi-561	262	4	the	the	DET
ajebi-561	262	5	activity	activity	NOUN
ajebi-561	262	6	ratio	ratio	NOUN
ajebi-561	262	7	.	.	PUNCT
ajebi-561	263	1	the	the	DET
ajebi-561	263	2	collection	collection	NOUN
ajebi-561	263	3	time	time	NOUN
ajebi-561	263	4	of	of	ADP
ajebi-561	263	5	51.4	51.4	NUM
ajebi-561	263	6	days	day	NOUN
ajebi-561	263	7	suggests	suggest	VERB
ajebi-561	263	8	that	that	SCONJ
ajebi-561	263	9	this	this	DET
ajebi-561	263	10	firm	firm	NOUN
ajebi-561	263	11	collects	collect	VERB
ajebi-561	263	12	money	money	NOUN
ajebi-561	263	13	quickly	quickly	ADV
ajebi-561	263	14	,	,	PUNCT
ajebi-561	263	15	but	but	CCONJ
ajebi-561	263	16	also	also	ADV
ajebi-561	263	17	has	have	VERB
ajebi-561	263	18	severe	severe	ADJ
ajebi-561	263	19	credit	credit	NOUN
ajebi-561	263	20	restrictions	restriction	NOUN
ajebi-561	263	21	.	.	PUNCT
ajebi-561	264	1	this	this	PRON
ajebi-561	264	2	provides	provide	VERB
ajebi-561	264	3	unis	unis	NOUN
ajebi-561	264	4	with	with	ADP
ajebi-561	264	5	a	a	DET
ajebi-561	264	6	rather	rather	ADV
ajebi-561	264	7	stable	stable	ADJ
ajebi-561	264	8	financial	financial	ADJ
ajebi-561	264	9	flow	flow	NOUN
ajebi-561	264	10	.	.	PUNCT
ajebi-561	265	1	inventory	inventory	NOUN
ajebi-561	265	2	turnover	turnover	NOUN
ajebi-561	265	3	is	be	AUX
ajebi-561	265	4	the	the	DET
ajebi-561	265	5	number	number	NOUN
ajebi-561	265	6	of	of	ADP
ajebi-561	265	7	times	time	NOUN
ajebi-561	265	8	in	in	ADP
ajebi-561	265	9	a	a	DET
ajebi-561	265	10	certain	certain	ADJ
ajebi-561	265	11	time	time	NOUN
ajebi-561	265	12	period	period	NOUN
ajebi-561	265	13	that	that	PRON
ajebi-561	265	14	inventory	inventory	NOUN
ajebi-561	265	15	is	be	AUX
ajebi-561	265	16	sold	sell	VERB
ajebi-561	265	17	.	.	PUNCT
ajebi-561	266	1	in	in	ADP
ajebi-561	266	2	2017	2017	NUM
ajebi-561	266	3	,	,	PUNCT
ajebi-561	266	4	unis	uni	NOUN
ajebi-561	266	5	sold	sell	VERB
ajebi-561	266	6	their	their	PRON
ajebi-561	266	7	goods	good	NOUN
ajebi-561	266	8	six	six	NUM
ajebi-561	266	9	times	time	NOUN
ajebi-561	266	10	.	.	PUNCT
ajebi-561	267	1	considering	consider	VERB
ajebi-561	267	2	that	that	SCONJ
ajebi-561	267	3	high	high	ADJ
ajebi-561	267	4	-	-	PUNCT
ajebi-561	267	5	tech	tech	NOUN
ajebi-561	267	6	businesses	business	NOUN
ajebi-561	267	7	such	such	ADJ
ajebi-561	267	8	as	as	ADP
ajebi-561	267	9	unis	uni	NOUN
ajebi-561	267	10	often	often	ADV
ajebi-561	267	11	have	have	VERB
ajebi-561	267	12	lengthy	lengthy	ADJ
ajebi-561	267	13	manufacturing	manufacturing	NOUN
ajebi-561	267	14	periods	period	NOUN
ajebi-561	267	15	,	,	PUNCT
ajebi-561	267	16	this	this	DET
ajebi-561	267	17	rate	rate	NOUN
ajebi-561	267	18	is	be	AUX
ajebi-561	267	19	reasonable	reasonable	ADJ
ajebi-561	267	20	.	.	PUNCT
ajebi-561	268	1	moreover	moreover	ADV
ajebi-561	268	2	,	,	PUNCT
ajebi-561	268	3	investors	investor	NOUN
ajebi-561	268	4	should	should	AUX
ajebi-561	268	5	be	be	AUX
ajebi-561	268	6	wary	wary	ADJ
ajebi-561	268	7	of	of	ADP
ajebi-561	268	8	unis	unis	NOUN
ajebi-561	268	9	’s	’s	PART
ajebi-561	268	10	comparatively	comparatively	ADV
ajebi-561	268	11	big	big	ADJ
ajebi-561	268	12	inventory	inventory	NOUN
ajebi-561	268	13	,	,	PUNCT
ajebi-561	268	14	which	which	PRON
ajebi-561	268	15	might	might	AUX
ajebi-561	268	16	result	result	VERB
ajebi-561	268	17	in	in	ADP
ajebi-561	268	18	a	a	DET
ajebi-561	268	19	sluggish	sluggish	ADJ
ajebi-561	268	20	cash	cash	NOUN
ajebi-561	268	21	flow	flow	NOUN
ajebi-561	268	22	.	.	PUNCT
ajebi-561	269	1	next	next	ADV
ajebi-561	269	2	,	,	PUNCT
ajebi-561	269	3	we	we	PRON
ajebi-561	269	4	utilize	utilize	VERB
ajebi-561	269	5	the	the	DET
ajebi-561	269	6	current	current	ADJ
ajebi-561	269	7	ratio	ratio	NOUN
ajebi-561	269	8	and	and	CCONJ
ajebi-561	269	9	the	the	DET
ajebi-561	269	10	quick	quick	ADJ
ajebi-561	269	11	ratio	ratio	NOUN
ajebi-561	269	12	to	to	PART
ajebi-561	269	13	get	get	VERB
ajebi-561	269	14	unis	unis	NOUN
ajebi-561	269	15	’s	’s	PART
ajebi-561	269	16	liquidity	liquidity	NOUN
ajebi-561	269	17	ratio	ratio	NOUN
ajebi-561	269	18	.	.	PUNCT
ajebi-561	270	1	current	current	ADJ
ajebi-561	270	2	ratio	ratio	NOUN
ajebi-561	270	3	is	be	AUX
ajebi-561	270	4	a	a	DET
ajebi-561	270	5	liquidity	liquidity	NOUN
ajebi-561	270	6	ratio	ratio	NOUN
ajebi-561	270	7	that	that	PRON
ajebi-561	270	8	assesses	assess	VERB
ajebi-561	270	9	a	a	DET
ajebi-561	270	10	company	company	NOUN
ajebi-561	270	11	’s	’s	PART
ajebi-561	270	12	capacity	capacity	NOUN
ajebi-561	270	13	to	to	PART
ajebi-561	270	14	meet	meet	VERB
ajebi-561	270	15	both	both	DET
ajebi-561	270	16	shortand	shortand	NOUN
ajebi-561	270	17	long	long	ADJ
ajebi-561	270	18	-	-	PUNCT
ajebi-561	270	19	term	term	NOUN
ajebi-561	270	20	commitments	commitment	NOUN
ajebi-561	270	21	.	.	PUNCT
ajebi-561	271	1	the	the	DET
ajebi-561	271	2	ratio	ratio	NOUN
ajebi-561	271	3	of	of	ADP
ajebi-561	271	4	1.67	1.67	NUM
ajebi-561	271	5	is	be	AUX
ajebi-561	271	6	well	well	ADV
ajebi-561	271	7	within	within	ADP
ajebi-561	271	8	the	the	DET
ajebi-561	271	9	acceptable	acceptable	ADJ
ajebi-561	271	10	range	range	NOUN
ajebi-561	271	11	of	of	ADP
ajebi-561	271	12	1	1	NUM
ajebi-561	271	13	-	-	SYM
ajebi-561	271	14	2	2	NUM
ajebi-561	271	15	,	,	PUNCT
ajebi-561	271	16	showing	show	VERB
ajebi-561	271	17	that	that	DET
ajebi-561	271	18	unis	unis	NOUN
ajebi-561	271	19	has	have	VERB
ajebi-561	271	20	the	the	DET
ajebi-561	271	21	capacity	capacity	NOUN
ajebi-561	271	22	to	to	PART
ajebi-561	271	23	pay	pay	VERB
ajebi-561	271	24	off	off	ADP
ajebi-561	271	25	its	its	PRON
ajebi-561	271	26	obligations	obligation	NOUN
ajebi-561	271	27	and	and	CCONJ
ajebi-561	271	28	uses	use	VERB
ajebi-561	271	29	its	its	PRON
ajebi-561	271	30	current	current	ADJ
ajebi-561	271	31	assets	asset	NOUN
ajebi-561	271	32	and	and	CCONJ
ajebi-561	271	33	working	work	VERB
ajebi-561	271	34	capital	capital	NOUN
ajebi-561	271	35	well	well	ADV
ajebi-561	271	36	.	.	PUNCT
ajebi-561	272	1	the	the	DET
ajebi-561	272	2	quick	quick	ADJ
ajebi-561	272	3	ratio	ratio	NOUN
ajebi-561	272	4	gauges	gauge	VERB
ajebi-561	272	5	a	a	DET
ajebi-561	272	6	company	company	NOUN
ajebi-561	272	7	’s	’s	PART
ajebi-561	272	8	capacity	capacity	NOUN
ajebi-561	272	9	to	to	PART
ajebi-561	272	10	satisfy	satisfy	VERB
ajebi-561	272	11	its	its	PRON
ajebi-561	272	12	short	short	ADJ
ajebi-561	272	13	-	-	PUNCT
ajebi-561	272	14	term	term	NOUN
ajebi-561	272	15	commitments	commitment	NOUN
ajebi-561	272	16	using	use	VERB
ajebi-561	272	17	its	its	PRON
ajebi-561	272	18	most	most	ADV
ajebi-561	272	19	liquid	liquid	ADJ
ajebi-561	272	20	assets	asset	NOUN
ajebi-561	272	21	.	.	PUNCT
ajebi-561	273	1	the	the	DET
ajebi-561	273	2	rate	rate	NOUN
ajebi-561	273	3	of	of	ADP
ajebi-561	273	4	1.26	1.26	NUM
ajebi-561	273	5	is	be	AUX
ajebi-561	273	6	moderate	moderate	ADJ
ajebi-561	273	7	,	,	PUNCT
ajebi-561	273	8	suggesting	suggest	VERB
ajebi-561	273	9	that	that	DET
ajebi-561	273	10	unis	unis	NOUN
ajebi-561	273	11	has	have	VERB
ajebi-561	273	12	sufficient	sufficient	ADJ
ajebi-561	273	13	liquidity	liquidity	NOUN
ajebi-561	273	14	,	,	PUNCT
ajebi-561	273	15	does	do	AUX
ajebi-561	273	16	not	not	PART
ajebi-561	273	17	depend	depend	VERB
ajebi-561	273	18	excessively	excessively	ADV
ajebi-561	273	19	on	on	ADP
ajebi-561	273	20	inventories	inventory	NOUN
ajebi-561	273	21	and	and	CCONJ
ajebi-561	273	22	other	other	ADJ
ajebi-561	273	23	assets	asset	NOUN
ajebi-561	273	24	to	to	PART
ajebi-561	273	25	pay	pay	VERB
ajebi-561	273	26	off	off	ADP
ajebi-561	273	27	its	its	PRON
ajebi-561	273	28	short	short	ADJ
ajebi-561	273	29	-	-	PUNCT
ajebi-561	273	30	term	term	NOUN
ajebi-561	273	31	debt	debt	NOUN
ajebi-561	273	32	,	,	PUNCT
ajebi-561	273	33	and	and	CCONJ
ajebi-561	273	34	does	do	AUX
ajebi-561	273	35	not	not	PART
ajebi-561	273	36	have	have	VERB
ajebi-561	273	37	excessive	excessive	ADJ
ajebi-561	273	38	cash	cash	NOUN
ajebi-561	273	39	reserves	reserve	NOUN
ajebi-561	273	40	.	.	PUNCT
ajebi-561	274	1	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	274	2	pa	pa	PROPN
ajebi-561	274	3	ge	ge	PROPN
ajebi-561	274	4	31	31	NUM
ajebi-561	274	5	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	274	6	am	am	NOUN
ajebi-561	274	7	.	.	PUNCT
ajebi-561	275	1	j.	j.	PROPN
ajebi-561	275	2	econ	econ	PROPN
ajebi-561	275	3	.	.	PUNCT
ajebi-561	275	4	bus	bus	PROPN
ajebi-561	275	5	.	.	PUNCT
ajebi-561	276	1	innov	innov	PROPN
ajebi-561	276	2	.	.	PUNCT
ajebi-561	277	1	1(3	1(3	NUM
ajebi-561	277	2	)	)	PUNCT
ajebi-561	277	3	24	24	NUM
ajebi-561	277	4	-	-	SYM
ajebi-561	277	5	35	35	NUM
ajebi-561	277	6	,	,	PUNCT
ajebi-561	277	7	2022	2022	NUM
ajebi-561	278	1	the	the	DET
ajebi-561	278	2	book	book	NOUN
ajebi-561	278	3	value	value	NOUN
ajebi-561	278	4	of	of	ADP
ajebi-561	278	5	equity	equity	NOUN
ajebi-561	278	6	per	per	ADP
ajebi-561	278	7	share	share	NOUN
ajebi-561	278	8	is	be	AUX
ajebi-561	278	9	one	one	NUM
ajebi-561	278	10	measure	measure	NOUN
ajebi-561	278	11	investors	investor	NOUN
ajebi-561	278	12	use	use	VERB
ajebi-561	278	13	to	to	PART
ajebi-561	278	14	decide	decide	VERB
ajebi-561	278	15	if	if	SCONJ
ajebi-561	278	16	a	a	DET
ajebi-561	278	17	stock	stock	NOUN
ajebi-561	278	18	price	price	NOUN
ajebi-561	278	19	is	be	AUX
ajebi-561	278	20	cheap	cheap	ADJ
ajebi-561	278	21	,	,	PUNCT
ajebi-561	278	22	and	and	CCONJ
ajebi-561	278	23	the	the	DET
ajebi-561	278	24	price	price	NOUN
ajebi-561	278	25	-	-	PUNCT
ajebi-561	278	26	tobook	tobook	NOUN
ajebi-561	278	27	ratio	ratio	NOUN
ajebi-561	278	28	(	(	PUNCT
ajebi-561	278	29	p	p	NOUN
ajebi-561	278	30	/	/	SYM
ajebi-561	278	31	b	b	NOUN
ajebi-561	278	32	ratio	ratio	NOUN
ajebi-561	278	33	)	)	PUNCT
ajebi-561	278	34	compares	compare	VERB
ajebi-561	278	35	a	a	DET
ajebi-561	278	36	firm	firm	NOUN
ajebi-561	278	37	’s	’s	PART
ajebi-561	278	38	market	market	NOUN
ajebi-561	278	39	value	value	NOUN
ajebi-561	278	40	to	to	ADP
ajebi-561	278	41	its	its	PRON
ajebi-561	278	42	book	book	NOUN
ajebi-561	278	43	value	value	NOUN
ajebi-561	278	44	(	(	PUNCT
ajebi-561	278	45	salim	salim	PROPN
ajebi-561	278	46	&	&	CCONJ
ajebi-561	278	47	pardiman	pardiman	PROPN
ajebi-561	278	48	,	,	PUNCT
ajebi-561	278	49	2022	2022	NUM
ajebi-561	278	50	)	)	PUNCT
ajebi-561	278	51	.	.	PUNCT
ajebi-561	279	1	this	this	DET
ajebi-561	279	2	rate	rate	NOUN
ajebi-561	279	3	of	of	ADP
ajebi-561	279	4	140.2	140.2	NUM
ajebi-561	279	5	is	be	AUX
ajebi-561	279	6	approximately	approximately	ADV
ajebi-561	279	7	double	double	DET
ajebi-561	279	8	the	the	DET
ajebi-561	279	9	market	market	NOUN
ajebi-561	279	10	rate	rate	NOUN
ajebi-561	279	11	;	;	PUNCT
ajebi-561	279	12	this	this	PRON
ajebi-561	279	13	is	be	AUX
ajebi-561	279	14	not	not	PART
ajebi-561	279	15	a	a	DET
ajebi-561	279	16	normal	normal	ADJ
ajebi-561	279	17	or	or	CCONJ
ajebi-561	279	18	acceptable	acceptable	ADJ
ajebi-561	279	19	rate	rate	NOUN
ajebi-561	279	20	and	and	CCONJ
ajebi-561	279	21	is	be	AUX
ajebi-561	279	22	quite	quite	ADV
ajebi-561	279	23	upsetting	upsetting	ADJ
ajebi-561	279	24	.	.	PUNCT
ajebi-561	280	1	likewise	likewise	ADV
ajebi-561	280	2	,	,	PUNCT
ajebi-561	280	3	the	the	DET
ajebi-561	280	4	price	price	NOUN
ajebi-561	280	5	to	to	ADP
ajebi-561	280	6	book	book	NOUN
ajebi-561	280	7	ratio	ratio	NOUN
ajebi-561	280	8	of	of	ADP
ajebi-561	280	9	0.537	0.537	NUM
ajebi-561	280	10	is	be	AUX
ajebi-561	280	11	not	not	PART
ajebi-561	280	12	optimistic	optimistic	ADJ
ajebi-561	280	13	.	.	PUNCT
ajebi-561	281	1	the	the	DET
ajebi-561	281	2	first	first	ADJ
ajebi-561	281	3	explanation	explanation	NOUN
ajebi-561	281	4	is	be	AUX
ajebi-561	281	5	the	the	DET
ajebi-561	281	6	accounting	accounting	NOUN
ajebi-561	281	7	method	method	NOUN
ajebi-561	281	8	;	;	PUNCT
ajebi-561	281	9	given	give	VERB
ajebi-561	281	10	the	the	DET
ajebi-561	281	11	nature	nature	NOUN
ajebi-561	281	12	of	of	ADP
ajebi-561	281	13	unis	unis	NOUN
ajebi-561	281	14	’s	’s	PART
ajebi-561	281	15	industry	industry	NOUN
ajebi-561	281	16	,	,	PUNCT
ajebi-561	281	17	the	the	DET
ajebi-561	281	18	machinery	machinery	NOUN
ajebi-561	281	19	quickly	quickly	ADV
ajebi-561	281	20	becomes	become	VERB
ajebi-561	281	21	obsolete	obsolete	ADJ
ajebi-561	281	22	and	and	CCONJ
ajebi-561	281	23	can	can	AUX
ajebi-561	281	24	not	not	PART
ajebi-561	281	25	be	be	AUX
ajebi-561	281	26	used	use	VERB
ajebi-561	281	27	to	to	PART
ajebi-561	281	28	produce	produce	VERB
ajebi-561	281	29	product	product	NOUN
ajebi-561	281	30	if	if	SCONJ
ajebi-561	281	31	the	the	DET
ajebi-561	281	32	company	company	NOUN
ajebi-561	281	33	is	be	AUX
ajebi-561	281	34	to	to	PART
ajebi-561	281	35	remain	remain	VERB
ajebi-561	281	36	competitive	competitive	ADJ
ajebi-561	281	37	;	;	PUNCT
ajebi-561	281	38	consequently	consequently	ADV
ajebi-561	281	39	,	,	PUNCT
ajebi-561	281	40	the	the	DET
ajebi-561	281	41	machinery	machinery	NOUN
ajebi-561	281	42	can	can	AUX
ajebi-561	281	43	only	only	ADV
ajebi-561	281	44	be	be	AUX
ajebi-561	281	45	sold	sell	VERB
ajebi-561	281	46	for	for	ADP
ajebi-561	281	47	scrap	scrap	NOUN
ajebi-561	281	48	while	while	SCONJ
ajebi-561	281	49	the	the	DET
ajebi-561	281	50	accounting	accounting	NOUN
ajebi-561	281	51	value	value	NOUN
ajebi-561	281	52	remains	remain	VERB
ajebi-561	281	53	the	the	DET
ajebi-561	281	54	purchase	purchase	NOUN
ajebi-561	281	55	price	price	NOUN
ajebi-561	281	56	.	.	PUNCT
ajebi-561	282	1	the	the	DET
ajebi-561	282	2	second	second	ADJ
ajebi-561	282	3	factor	factor	NOUN
ajebi-561	282	4	is	be	AUX
ajebi-561	282	5	that	that	SCONJ
ajebi-561	282	6	investors	investor	NOUN
ajebi-561	282	7	on	on	ADP
ajebi-561	282	8	the	the	DET
ajebi-561	282	9	market	market	NOUN
ajebi-561	282	10	are	be	AUX
ajebi-561	282	11	losing	lose	VERB
ajebi-561	282	12	confidence	confidence	NOUN
ajebi-561	282	13	in	in	ADP
ajebi-561	282	14	the	the	DET
ajebi-561	282	15	company	company	NOUN
ajebi-561	282	16	’s	’s	PART
ajebi-561	282	17	future	future	NOUN
ajebi-561	282	18	and	and	CCONJ
ajebi-561	282	19	are	be	AUX
ajebi-561	282	20	withdrawing	withdraw	VERB
ajebi-561	282	21	funds	fund	NOUN
ajebi-561	282	22	.	.	PUNCT
ajebi-561	283	1	before	before	ADP
ajebi-561	283	2	purchasing	purchase	VERB
ajebi-561	283	3	this	this	DET
ajebi-561	283	4	firm	firm	NOUN
ajebi-561	283	5	,	,	PUNCT
ajebi-561	283	6	we	we	PRON
ajebi-561	283	7	must	must	AUX
ajebi-561	283	8	do	do	VERB
ajebi-561	283	9	extensive	extensive	ADJ
ajebi-561	283	10	due	due	ADJ
ajebi-561	283	11	diligence	diligence	NOUN
ajebi-561	283	12	to	to	PART
ajebi-561	283	13	determine	determine	VERB
ajebi-561	283	14	the	the	DET
ajebi-561	283	15	true	true	ADJ
ajebi-561	283	16	cause	cause	NOUN
ajebi-561	283	17	of	of	ADP
ajebi-561	283	18	this	this	DET
ajebi-561	283	19	situation	situation	NOUN
ajebi-561	283	20	.	.	PUNCT
ajebi-561	284	1	then	then	ADV
ajebi-561	284	2	,	,	PUNCT
ajebi-561	284	3	we	we	PRON
ajebi-561	284	4	determine	determine	VERB
ajebi-561	284	5	the	the	DET
ajebi-561	284	6	current	current	ADJ
ajebi-561	284	7	market	market	NOUN
ajebi-561	284	8	value	value	NOUN
ajebi-561	284	9	of	of	ADP
ajebi-561	284	10	unis	unis	NOUN
ajebi-561	284	11	.	.	PUNCT
ajebi-561	285	1	unis	unis	PROPN
ajebi-561	285	2	has	have	VERB
ajebi-561	285	3	206,000,000	206,000,000	NUM
ajebi-561	285	4	outstanding	outstanding	ADJ
ajebi-561	285	5	with	with	ADP
ajebi-561	285	6	a	a	DET
ajebi-561	285	7	value	value	NOUN
ajebi-561	285	8	of	of	ADP
ajebi-561	285	9	$	$	SYM
ajebi-561	285	10	72.03	72.03	NUM
ajebi-561	285	11	and	and	CCONJ
ajebi-561	285	12	13,700,000,000	13,700,000,000	NUM
ajebi-561	285	13	in	in	ADP
ajebi-561	285	14	debt	debt	NOUN
ajebi-561	285	15	at	at	ADP
ajebi-561	285	16	the	the	DET
ajebi-561	285	17	end	end	NOUN
ajebi-561	285	18	of	of	ADP
ajebi-561	285	19	2017	2017	NUM
ajebi-561	285	20	.	.	PUNCT
ajebi-561	286	1	table	table	NOUN
ajebi-561	286	2	7	7	NUM
ajebi-561	286	3	:	:	PUNCT
ajebi-561	286	4	trading	trade	VERB
ajebi-561	286	5	multiples	multiple	NOUN
ajebi-561	286	6	of	of	ADP
ajebi-561	286	7	similar	similar	ADJ
ajebi-561	286	8	high	high	ADJ
ajebi-561	286	9	-	-	PUNCT
ajebi-561	286	10	tech	tech	NOUN
ajebi-561	286	11	companies	company	NOUN
ajebi-561	286	12	.	.	PUNCT
ajebi-561	287	1	company	company	NOUN
ajebi-561	287	2	stock	stock	NOUN
ajebi-561	287	3	index	index	NOUN
ajebi-561	287	4	(	(	PUNCT
ajebi-561	287	5	in	in	ADP
ajebi-561	287	6	china	china	PROPN
ajebi-561	287	7	)	)	PUNCT
ajebi-561	288	1	p	p	X
ajebi-561	288	2	/	/	SYM
ajebi-561	288	3	e	e	NOUN
ajebi-561	288	4	ratio	ratio	NOUN
ajebi-561	288	5	beijing	beijing	PROPN
ajebi-561	288	6	thunisoft	thunisoft	ADP
ajebi-561	288	7	300271	300271	NUM
ajebi-561	288	8	34.91	34.91	NUM
ajebi-561	288	9	tian	tian	PROPN
ajebi-561	288	10	di	di	X
ajebi-561	288	11	science	science	NOUN
ajebi-561	288	12	600582	600582	NUM
ajebi-561	288	13	18.67	18.67	NUM
ajebi-561	288	14	advanced	advanced	ADJ
ajebi-561	288	15	tech	tech	NOUN
ajebi-561	288	16	&	&	CCONJ
ajebi-561	288	17	material	material	PROPN
ajebi-561	288	18	000969	000969	NUM
ajebi-561	288	19	132.65	132.65	NUM
ajebi-561	288	20	rapoo	rapoo	NOUN
ajebi-561	288	21	002577	002577	NUM
ajebi-561	289	1	265.75	265.75	NUM
ajebi-561	289	2	chunqiu	chunqiu	ADJ
ajebi-561	289	3	electronic	electronic	ADJ
ajebi-561	289	4	603890	603890	NUM
ajebi-561	289	5	26.38	26.38	NUM
ajebi-561	289	6	kingsun	kingsun	PROPN
ajebi-561	289	7	science	science	PROPN
ajebi-561	289	8	300235	300235	NUM
ajebi-561	289	9	257.19	257.19	NUM
ajebi-561	289	10	grg	grg	NOUN
ajebi-561	289	11	banking	banking	NOUN
ajebi-561	289	12	002152	002152	NUM
ajebi-561	289	13	20.60	20.60	NUM
ajebi-561	289	14	jieshun	jieshun	PROPN
ajebi-561	289	15	science	science	NOUN
ajebi-561	289	16	002609	002609	NUM
ajebi-561	289	17	44.45	44.45	NUM
ajebi-561	289	18	wiscom	wiscom	NOUN
ajebi-561	289	19	system	system	NOUN
ajebi-561	289	20	002090	002090	NUM
ajebi-561	289	21	29.33	29.33	NUM
ajebi-561	289	22	shenzhen	shenzhen	PROPN
ajebi-561	289	23	longood	longood	PROPN
ajebi-561	289	24	300543	300543	NUM
ajebi-561	289	25	47.01	47.01	NUM
ajebi-561	289	26	sinosun	sinosun	NOUN
ajebi-561	289	27	technology	technology	NOUN
ajebi-561	289	28	300333	300333	NUM
ajebi-561	289	29	186.23	186.23	NUM
ajebi-561	289	30	tecsun	tecsun	ADJ
ajebi-561	289	31	science	science	NOUN
ajebi-561	289	32	002908	002908	NUM
ajebi-561	289	33	90.22	90.22	NUM
ajebi-561	289	34	zhejiang	zhejiang	PROPN
ajebi-561	289	35	leo	leo	PROPN
ajebi-561	289	36	002131	002131	NUM
ajebi-561	290	1	33.17	33.17	NUM
ajebi-561	290	2	shenzhen	shenzhen	PROPN
ajebi-561	290	3	minde	minde	PROPN
ajebi-561	290	4	300656	300656	NUM
ajebi-561	290	5	74.04	74.04	NUM
ajebi-561	290	6	now	now	ADV
ajebi-561	290	7	that	that	SCONJ
ajebi-561	290	8	we	we	PRON
ajebi-561	290	9	have	have	VERB
ajebi-561	290	10	a	a	DET
ajebi-561	290	11	rate	rate	NOUN
ajebi-561	290	12	of	of	ADP
ajebi-561	290	13	the	the	DET
ajebi-561	290	14	average	average	ADJ
ajebi-561	290	15	price	price	NOUN
ajebi-561	290	16	-	-	PUNCT
ajebi-561	290	17	to	to	ADP
ajebi-561	290	18	-	-	PUNCT
ajebi-561	290	19	earnings	earning	NOUN
ajebi-561	290	20	ratio	ratio	NOUN
ajebi-561	290	21	of	of	ADP
ajebi-561	290	22	comparable	comparable	ADJ
ajebi-561	290	23	sectors	sector	NOUN
ajebi-561	290	24	in	in	ADP
ajebi-561	290	25	china	china	PROPN
ajebi-561	290	26	,	,	PUNCT
ajebi-561	290	27	we	we	PRON
ajebi-561	290	28	can	can	AUX
ajebi-561	290	29	estimate	estimate	VERB
ajebi-561	290	30	the	the	DET
ajebi-561	290	31	stock	stock	NOUN
ajebi-561	290	32	price	price	NOUN
ajebi-561	290	33	of	of	ADP
ajebi-561	290	34	unis	unis	NOUN
ajebi-561	290	35	.	.	PUNCT
ajebi-561	291	1	a	a	DET
ajebi-561	291	2	ratio	ratio	NOUN
ajebi-561	291	3	of	of	ADP
ajebi-561	291	4	85.5	85.5	NUM
ajebi-561	291	5	indicates	indicate	VERB
ajebi-561	291	6	that	that	SCONJ
ajebi-561	291	7	hightech	hightech	NOUN
ajebi-561	291	8	is	be	AUX
ajebi-561	291	9	still	still	ADV
ajebi-561	291	10	a	a	DET
ajebi-561	291	11	promising	promising	ADJ
ajebi-561	291	12	business	business	NOUN
ajebi-561	291	13	in	in	ADP
ajebi-561	291	14	china	china	PROPN
ajebi-561	291	15	,	,	PUNCT
ajebi-561	291	16	but	but	CCONJ
ajebi-561	291	17	investors	investor	NOUN
ajebi-561	291	18	should	should	AUX
ajebi-561	291	19	be	be	AUX
ajebi-561	291	20	wary	wary	ADJ
ajebi-561	291	21	of	of	ADP
ajebi-561	291	22	bubbles	bubble	NOUN
ajebi-561	291	23	we	we	PRON
ajebi-561	291	24	can	can	AUX
ajebi-561	291	25	see	see	VERB
ajebi-561	291	26	that	that	SCONJ
ajebi-561	291	27	our	our	PRON
ajebi-561	291	28	estimate	estimate	NOUN
ajebi-561	291	29	of	of	ADP
ajebi-561	291	30	the	the	DET
ajebi-561	291	31	stock	stock	NOUN
ajebi-561	291	32	price	price	NOUN
ajebi-561	291	33	is	be	AUX
ajebi-561	291	34	significantly	significantly	ADV
ajebi-561	291	35	higher	high	ADJ
ajebi-561	291	36	than	than	ADP
ajebi-561	291	37	the	the	DET
ajebi-561	291	38	market	market	NOUN
ajebi-561	291	39	price	price	NOUN
ajebi-561	291	40	,	,	PUNCT
ajebi-561	291	41	but	but	CCONJ
ajebi-561	291	42	nearly	nearly	ADV
ajebi-561	291	43	in	in	ADP
ajebi-561	291	44	line	line	NOUN
ajebi-561	291	45	with	with	ADP
ajebi-561	291	46	the	the	DET
ajebi-561	291	47	book	book	NOUN
ajebi-561	291	48	value	value	NOUN
ajebi-561	291	49	of	of	ADP
ajebi-561	291	50	equity	equity	NOUN
ajebi-561	291	51	per	per	ADP
ajebi-561	291	52	share	share	NOUN
ajebi-561	291	53	;	;	PUNCT
ajebi-561	291	54	therefore	therefore	ADV
ajebi-561	291	55	,	,	PUNCT
ajebi-561	291	56	we	we	PRON
ajebi-561	291	57	can	can	AUX
ajebi-561	291	58	assume	assume	VERB
ajebi-561	291	59	that	that	SCONJ
ajebi-561	291	60	our	our	PRON
ajebi-561	291	61	first	first	ADJ
ajebi-561	291	62	explanation	explanation	NOUN
ajebi-561	291	63	of	of	ADP
ajebi-561	291	64	the	the	DET
ajebi-561	291	65	low	low	ADJ
ajebi-561	291	66	price	price	NOUN
ajebi-561	291	67	to	to	ADP
ajebi-561	291	68	book	book	NOUN
ajebi-561	291	69	ratio	ratio	NOUN
ajebi-561	291	70	is	be	AUX
ajebi-561	291	71	accurate	accurate	ADJ
ajebi-561	291	72	and	and	CCONJ
ajebi-561	291	73	that	that	SCONJ
ajebi-561	291	74	the	the	DET
ajebi-561	291	75	current	current	ADJ
ajebi-561	291	76	market	market	NOUN
ajebi-561	291	77	price	price	NOUN
ajebi-561	291	78	for	for	ADP
ajebi-561	291	79	unis	unis	NOUN
ajebi-561	291	80	stock	stock	NOUN
ajebi-561	291	81	is	be	AUX
ajebi-561	291	82	undervalued	undervalue	VERB
ajebi-561	291	83	.	.	PUNCT
ajebi-561	292	1	china	china	PROPN
ajebi-561	292	2	’s	’s	PART
ajebi-561	292	3	stock	stock	NOUN
ajebi-561	292	4	market	market	NOUN
ajebi-561	292	5	is	be	AUX
ajebi-561	292	6	not	not	PART
ajebi-561	292	7	yet	yet	ADV
ajebi-561	292	8	completely	completely	ADV
ajebi-561	292	9	established	establish	VERB
ajebi-561	292	10	,	,	PUNCT
ajebi-561	292	11	thus	thus	ADV
ajebi-561	292	12	its	its	PRON
ajebi-561	292	13	equity	equity	NOUN
ajebi-561	292	14	value	value	NOUN
ajebi-561	292	15	should	should	AUX
ajebi-561	292	16	only	only	ADV
ajebi-561	292	17	be	be	AUX
ajebi-561	292	18	used	use	VERB
ajebi-561	292	19	as	as	ADP
ajebi-561	292	20	a	a	DET
ajebi-561	292	21	point	point	NOUN
ajebi-561	292	22	of	of	ADP
ajebi-561	292	23	comparison	comparison	NOUN
ajebi-561	292	24	.	.	PUNCT
ajebi-561	293	1	there	there	PRON
ajebi-561	293	2	is	be	VERB
ajebi-561	293	3	no	no	DET
ajebi-561	293	4	record	record	NOUN
ajebi-561	293	5	of	of	ADP
ajebi-561	293	6	unis	unis	NOUN
ajebi-561	293	7	acquiring	acquire	VERB
ajebi-561	293	8	another	another	DET
ajebi-561	293	9	firm	firm	NOUN
ajebi-561	293	10	,	,	PUNCT
ajebi-561	293	11	but	but	CCONJ
ajebi-561	293	12	we	we	PRON
ajebi-561	293	13	may	may	AUX
ajebi-561	293	14	examine	examine	VERB
ajebi-561	293	15	a	a	DET
ajebi-561	293	16	merger	merger	NOUN
ajebi-561	293	17	of	of	ADP
ajebi-561	293	18	two	two	NUM
ajebi-561	293	19	companies	company	NOUN
ajebi-561	293	20	of	of	ADP
ajebi-561	293	21	comparable	comparable	ADJ
ajebi-561	293	22	size	size	NOUN
ajebi-561	293	23	and	and	CCONJ
ajebi-561	293	24	industry	industry	NOUN
ajebi-561	293	25	:	:	PUNCT
ajebi-561	293	26	marvell	marvell	PROPN
ajebi-561	293	27	and	and	CCONJ
ajebi-561	293	28	cavium	cavium	NOUN
ajebi-561	293	29	.	.	PUNCT
ajebi-561	294	1	on	on	ADP
ajebi-561	294	2	2017	2017	NUM
ajebi-561	294	3	-	-	SYM
ajebi-561	294	4	11	11	NUM
ajebi-561	294	5	-	-	SYM
ajebi-561	294	6	14	14	NUM
ajebi-561	294	7	,	,	PUNCT
ajebi-561	294	8	marvell	marvell	PROPN
ajebi-561	294	9	acquired	acquire	VERB
ajebi-561	294	10	cavium	cavium	NOUN
ajebi-561	294	11	for	for	ADP
ajebi-561	294	12	six	six	NUM
ajebi-561	294	13	billion	billion	NUM
ajebi-561	294	14	dollars	dollar	NOUN
ajebi-561	294	15	and	and	CCONJ
ajebi-561	294	16	paid	pay	VERB
ajebi-561	294	17	a	a	DET
ajebi-561	294	18	20	20	NUM
ajebi-561	294	19	%	%	NOUN
ajebi-561	294	20	premium	premium	NOUN
ajebi-561	294	21	on	on	ADP
ajebi-561	294	22	target	target	NOUN
ajebi-561	294	23	’s	’s	PART
ajebi-561	294	24	total	total	ADJ
ajebi-561	294	25	asset	asset	NOUN
ajebi-561	294	26	value	value	NOUN
ajebi-561	294	27	.	.	PUNCT
ajebi-561	295	1	we	we	PRON
ajebi-561	295	2	assessed	assess	VERB
ajebi-561	295	3	the	the	DET
ajebi-561	295	4	purchase	purchase	NOUN
ajebi-561	295	5	price	price	NOUN
ajebi-561	295	6	for	for	ADP
ajebi-561	295	7	unis	unis	NOUN
ajebi-561	295	8	based	base	VERB
ajebi-561	295	9	on	on	ADP
ajebi-561	295	10	prior	prior	ADJ
ajebi-561	295	11	transactions	transaction	NOUN
ajebi-561	295	12	to	to	PART
ajebi-561	295	13	be	be	AUX
ajebi-561	295	14	:	:	PUNCT
ajebi-561	295	15	total	total	ADJ
ajebi-561	295	16	asset	asset	NOUN
ajebi-561	295	17	price*120	price*120	NOUN
ajebi-561	295	18	%	%	NOUN
ajebi-561	295	19	=	=	SYM
ajebi-561	295	20	51,120,000,000	51,120,000,000	NUM
ajebi-561	295	21	discounted	discount	VERB
ajebi-561	295	22	cash	cash	NOUN
ajebi-561	295	23	flow	flow	NOUN
ajebi-561	295	24	revenue	revenue	NOUN
ajebi-561	295	25	:	:	PUNCT
ajebi-561	295	26	considering	consider	VERB
ajebi-561	295	27	that	that	SCONJ
ajebi-561	295	28	unis	unis	NOUN
ajebi-561	295	29	operates	operate	VERB
ajebi-561	295	30	in	in	ADP
ajebi-561	295	31	a	a	DET
ajebi-561	295	32	mature	mature	ADJ
ajebi-561	295	33	high	high	ADJ
ajebi-561	295	34	-	-	PUNCT
ajebi-561	295	35	tech	tech	NOUN
ajebi-561	295	36	sector	sector	NOUN
ajebi-561	295	37	,	,	PUNCT
ajebi-561	295	38	we	we	PRON
ajebi-561	295	39	predicted	predict	VERB
ajebi-561	295	40	unis	unis	NOUN
ajebi-561	295	41	’s	’s	PART
ajebi-561	295	42	future	future	ADJ
ajebi-561	295	43	operational	operational	ADJ
ajebi-561	295	44	performance	performance	NOUN
ajebi-561	295	45	based	base	VERB
ajebi-561	295	46	on	on	ADP
ajebi-561	295	47	the	the	DET
ajebi-561	295	48	previous	previous	ADJ
ajebi-561	295	49	revenue	revenue	NOUN
ajebi-561	295	50	growth	growth	NOUN
ajebi-561	295	51	rate	rate	NOUN
ajebi-561	295	52	of	of	ADP
ajebi-561	295	53	the	the	DET
ajebi-561	295	54	targeted	target	VERB
ajebi-561	295	55	firm	firm	NOUN
ajebi-561	295	56	.	.	PUNCT
ajebi-561	296	1	cost	cost	NOUN
ajebi-561	296	2	of	of	ADP
ajebi-561	296	3	goods	good	NOUN
ajebi-561	296	4	sold	sell	VERB
ajebi-561	296	5	:	:	PUNCT
ajebi-561	296	6	we	we	PRON
ajebi-561	296	7	calculate	calculate	VERB
ajebi-561	296	8	the	the	DET
ajebi-561	296	9	ratio	ratio	NOUN
ajebi-561	296	10	of	of	ADP
ajebi-561	296	11	cogs	cog	NOUN
ajebi-561	296	12	to	to	ADP
ajebi-561	296	13	sales	sale	NOUN
ajebi-561	296	14	using	use	VERB
ajebi-561	296	15	unis	unis	NOUN
ajebi-561	296	16	’s	’s	PART
ajebi-561	296	17	financial	financial	ADJ
ajebi-561	296	18	statements	statement	NOUN
ajebi-561	296	19	from	from	ADP
ajebi-561	296	20	the	the	DET
ajebi-561	296	21	previous	previous	ADJ
ajebi-561	296	22	five	five	NUM
ajebi-561	296	23	years	year	NOUN
ajebi-561	296	24	in	in	ADP
ajebi-561	296	25	order	order	NOUN
ajebi-561	296	26	to	to	PART
ajebi-561	296	27	get	get	VERB
ajebi-561	296	28	an	an	DET
ajebi-561	296	29	estimate	estimate	NOUN
ajebi-561	296	30	of	of	ADP
ajebi-561	296	31	unis	unis	NOUN
ajebi-561	296	32	’s	’s	PART
ajebi-561	296	33	cogs	cog	NOUN
ajebi-561	296	34	in	in	ADP
ajebi-561	296	35	the	the	DET
ajebi-561	296	36	next	next	ADJ
ajebi-561	296	37	five	five	NUM
ajebi-561	296	38	years	year	NOUN
ajebi-561	296	39	after	after	SCONJ
ajebi-561	296	40	the	the	DET
ajebi-561	296	41	purchase	purchase	NOUN
ajebi-561	296	42	has	have	AUX
ajebi-561	296	43	been	be	AUX
ajebi-561	296	44	completed	complete	VERB
ajebi-561	296	45	.	.	PUNCT
ajebi-561	297	1	r&d	r&d	NOUN
ajebi-561	297	2	expense	expense	NOUN
ajebi-561	297	3	:	:	PUNCT
ajebi-561	297	4	the	the	DET
ajebi-561	297	5	information	information	NOUN
ajebi-561	297	6	presented	present	VERB
ajebi-561	297	7	by	by	ADP
ajebi-561	297	8	unis	uni	NOUN
ajebi-561	297	9	’s	’s	PART
ajebi-561	297	10	financial	financial	ADJ
ajebi-561	297	11	statements	statement	NOUN
ajebi-561	297	12	and	and	CCONJ
ajebi-561	297	13	other	other	ADJ
ajebi-561	297	14	sources	source	NOUN
ajebi-561	297	15	reveals	reveal	VERB
ajebi-561	297	16	that	that	SCONJ
ajebi-561	297	17	research	research	NOUN
ajebi-561	297	18	and	and	CCONJ
ajebi-561	297	19	development	development	NOUN
ajebi-561	297	20	expenses	expense	NOUN
ajebi-561	297	21	have	have	AUX
ajebi-561	297	22	remained	remain	VERB
ajebi-561	297	23	at	at	ADP
ajebi-561	297	24	a	a	DET
ajebi-561	297	25	high	high	ADJ
ajebi-561	297	26	level	level	NOUN
ajebi-561	297	27	of	of	ADP
ajebi-561	297	28	10	10	NUM
ajebi-561	297	29	%	%	NOUN
ajebi-561	297	30	of	of	ADP
ajebi-561	297	31	sales	sale	NOUN
ajebi-561	297	32	over	over	ADP
ajebi-561	297	33	the	the	DET
ajebi-561	297	34	previous	previous	ADJ
ajebi-561	297	35	five	five	NUM
ajebi-561	297	36	years	year	NOUN
ajebi-561	297	37	.	.	PUNCT
ajebi-561	298	1	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	298	2	pa	pa	PROPN
ajebi-561	298	3	ge	ge	PROPN
ajebi-561	298	4	32	32	NUM
ajebi-561	298	5	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	298	6	am	am	NOUN
ajebi-561	298	7	.	.	PUNCT
ajebi-561	299	1	j.	j.	PROPN
ajebi-561	299	2	econ	econ	PROPN
ajebi-561	299	3	.	.	PUNCT
ajebi-561	299	4	bus	bus	PROPN
ajebi-561	299	5	.	.	PUNCT
ajebi-561	300	1	innov	innov	PROPN
ajebi-561	300	2	.	.	PUNCT
ajebi-561	301	1	1(3	1(3	NUM
ajebi-561	301	2	)	)	PUNCT
ajebi-561	301	3	24	24	NUM
ajebi-561	301	4	-	-	SYM
ajebi-561	301	5	35	35	NUM
ajebi-561	301	6	,	,	PUNCT
ajebi-561	301	7	2022	2022	NUM
ajebi-561	301	8	table	table	NOUN
ajebi-561	301	9	8	8	NUM
ajebi-561	301	10	:	:	PUNCT
ajebi-561	301	11	revenue	revenue	NOUN
ajebi-561	301	12	and	and	CCONJ
ajebi-561	301	13	growth	growth	NOUN
ajebi-561	301	14	rate	rate	NOUN
ajebi-561	301	15	of	of	ADP
ajebi-561	301	16	unis	unis	NOUN
ajebi-561	301	17	from	from	ADP
ajebi-561	301	18	2013	2013	NUM
ajebi-561	301	19	to	to	ADP
ajebi-561	301	20	2017	2017	NUM
ajebi-561	301	21	(	(	PUNCT
ajebi-561	301	22	unit	unit	NOUN
ajebi-561	301	23	:	:	PUNCT
ajebi-561	301	24	chinese	chinese	PROPN
ajebi-561	301	25	yuan	yuan	PROPN
ajebi-561	301	26	)	)	PUNCT
ajebi-561	301	27	.	.	PUNCT
ajebi-561	302	1	unis	unis	PROPN
ajebi-561	302	2	year	year	NOUN
ajebi-561	302	3	revenue	revenue	NOUN
ajebi-561	302	4	growth	growth	NOUN
ajebi-561	302	5	rate	rate	NOUN
ajebi-561	302	6	(	(	PUNCT
ajebi-561	302	7	%	%	INTJ
ajebi-561	302	8	)	)	PUNCT
ajebi-561	302	9	2017	2017	NUM
ajebi-561	302	10	39,071,040,894	39,071,040,894	NUM
ajebi-561	302	11	41.00	41.00	NUM
ajebi-561	302	12	2016	2016	NUM
ajebi-561	302	13	27,709,709,064	27,709,709,064	NUM
ajebi-561	302	14	107.56	107.56	NUM
ajebi-561	302	15	2015	2015	NUM
ajebi-561	302	16	13,349,904,816	13,349,904,816	NUM
ajebi-561	302	17	19.78	19.78	NUM
ajebi-561	302	18	2014	2014	NUM
ajebi-561	302	19	11,144,913,830	11,144,913,830	NUM
ajebi-561	302	20	30.81	30.81	NUM
ajebi-561	302	21	2013	2013	NUM
ajebi-561	302	22	8,520,037,292	8,520,037,292	NUM
ajebi-561	302	23	average	average	ADJ
ajebi-561	302	24	49.79	49.79	NUM
ajebi-561	302	25	table	table	NOUN
ajebi-561	302	26	9	9	NUM
ajebi-561	302	27	:	:	PUNCT
ajebi-561	302	28	sales	sale	NOUN
ajebi-561	302	29	and	and	CCONJ
ajebi-561	302	30	cost	cost	NOUN
ajebi-561	302	31	of	of	ADP
ajebi-561	302	32	unis	unis	NOUN
ajebi-561	302	33	from	from	ADP
ajebi-561	302	34	2013	2013	NUM
ajebi-561	302	35	to	to	ADP
ajebi-561	302	36	2017	2017	NUM
ajebi-561	302	37	(	(	PUNCT
ajebi-561	302	38	unit	unit	NOUN
ajebi-561	302	39	:	:	PUNCT
ajebi-561	302	40	chinese	chinese	PROPN
ajebi-561	302	41	yuan	yuan	PROPN
ajebi-561	302	42	)	)	PUNCT
ajebi-561	302	43	.	.	PUNCT
ajebi-561	303	1	unis	unis	PROPN
ajebi-561	303	2	year	year	NOUN
ajebi-561	303	3	sales	sale	NOUN
ajebi-561	303	4	cogs	cog	NOUN
ajebi-561	303	5	cogs	cog	NOUN
ajebi-561	303	6	/	/	SYM
ajebi-561	303	7	sales	sale	NOUN
ajebi-561	303	8	2017	2017	NUM
ajebi-561	303	9	39,071,040,894	39,071,040,894	NUM
ajebi-561	303	10	30,486,639,519	30,486,639,519	NUM
ajebi-561	303	11	0.78	0.78	NUM
ajebi-561	303	12	2016	2016	NUM
ajebi-561	303	13	27,709,709,064	27,709,709,064	NUM
ajebi-561	303	14	22,525,182,549	22,525,182,549	NUM
ajebi-561	303	15	0.81	0.81	NUM
ajebi-561	303	16	2015	2015	NUM
ajebi-561	303	17	13,349,904,816	13,349,904,816	NUM
ajebi-561	303	18	12,745,578,064	12,745,578,064	NUM
ajebi-561	303	19	0.95	0.95	NUM
ajebi-561	303	20	2014	2014	NUM
ajebi-561	303	21	11,144,913,830	11,144,913,830	NUM
ajebi-561	303	22	10,628,793,427	10,628,793,427	NUM
ajebi-561	303	23	0.95	0.95	NUM
ajebi-561	303	24	2013	2013	NUM
ajebi-561	303	25	8,520,037,292	8,520,037,292	NUM
ajebi-561	303	26	8,114,271,969	8,114,271,969	NUM
ajebi-561	303	27	0.95	0.95	NUM
ajebi-561	303	28	average	average	NOUN
ajebi-561	303	29	0.83	0.83	NUM
ajebi-561	303	30	this	this	PRON
ajebi-561	303	31	is	be	AUX
ajebi-561	303	32	why	why	SCONJ
ajebi-561	303	33	we	we	PRON
ajebi-561	303	34	have	have	AUX
ajebi-561	303	35	fixed	fix	VERB
ajebi-561	303	36	r&d	r&d	NOUN
ajebi-561	303	37	expenditures	expenditure	NOUN
ajebi-561	303	38	at	at	ADP
ajebi-561	303	39	10	10	NUM
ajebi-561	303	40	%	%	NOUN
ajebi-561	303	41	of	of	ADP
ajebi-561	303	42	revenue	revenue	NOUN
ajebi-561	303	43	collected	collect	VERB
ajebi-561	303	44	.	.	PUNCT
ajebi-561	304	1	the	the	DET
ajebi-561	304	2	ratio	ratio	NOUN
ajebi-561	304	3	of	of	ADP
ajebi-561	304	4	operating	operating	NOUN
ajebi-561	304	5	,	,	PUNCT
ajebi-561	304	6	finance	finance	NOUN
ajebi-561	304	7	,	,	PUNCT
ajebi-561	304	8	and	and	CCONJ
ajebi-561	304	9	administrative	administrative	ADJ
ajebi-561	304	10	expenditures	expenditure	NOUN
ajebi-561	304	11	to	to	ADP
ajebi-561	304	12	revenue	revenue	NOUN
ajebi-561	304	13	will	will	AUX
ajebi-561	304	14	remain	remain	VERB
ajebi-561	304	15	unchanged	unchanged	ADJ
ajebi-561	304	16	at	at	ADP
ajebi-561	304	17	8.3	8.3	NUM
ajebi-561	304	18	%	%	NOUN
ajebi-561	304	19	during	during	ADP
ajebi-561	304	20	the	the	DET
ajebi-561	304	21	next	next	ADJ
ajebi-561	304	22	five	five	NUM
ajebi-561	304	23	years	year	NOUN
ajebi-561	304	24	,	,	PUNCT
ajebi-561	304	25	based	base	VERB
ajebi-561	304	26	on	on	ADP
ajebi-561	304	27	historical	historical	ADJ
ajebi-561	304	28	financial	financial	ADJ
ajebi-561	304	29	data	datum	NOUN
ajebi-561	304	30	.	.	PUNCT
ajebi-561	305	1	tax	tax	NOUN
ajebi-561	305	2	rate	rate	NOUN
ajebi-561	305	3	:	:	PUNCT
ajebi-561	305	4	according	accord	VERB
ajebi-561	305	5	to	to	ADP
ajebi-561	305	6	its	its	PRON
ajebi-561	305	7	2017	2017	NUM
ajebi-561	305	8	annual	annual	ADJ
ajebi-561	305	9	report	report	NOUN
ajebi-561	305	10	,	,	PUNCT
ajebi-561	305	11	as	as	ADP
ajebi-561	305	12	a	a	DET
ajebi-561	305	13	hightech	hightech	NOUN
ajebi-561	305	14	business	business	NOUN
ajebi-561	305	15	unis	unis	NOUN
ajebi-561	305	16	has	have	VERB
ajebi-561	305	17	a	a	DET
ajebi-561	305	18	favorable	favorable	ADJ
ajebi-561	305	19	15	15	NUM
ajebi-561	305	20	%	%	NOUN
ajebi-561	305	21	tax	tax	NOUN
ajebi-561	305	22	rate	rate	NOUN
ajebi-561	305	23	.	.	PUNCT
ajebi-561	306	1	the	the	DET
ajebi-561	306	2	average	average	ADJ
ajebi-561	306	3	depreciation	depreciation	NOUN
ajebi-561	306	4	rate	rate	NOUN
ajebi-561	306	5	is	be	AUX
ajebi-561	306	6	deemed	deem	VERB
ajebi-561	306	7	to	to	PART
ajebi-561	306	8	be	be	AUX
ajebi-561	306	9	consistent	consistent	ADJ
ajebi-561	306	10	with	with	ADP
ajebi-561	306	11	the	the	DET
ajebi-561	306	12	depreciation	depreciation	NOUN
ajebi-561	306	13	policy	policy	NOUN
ajebi-561	306	14	of	of	ADP
ajebi-561	306	15	the	the	DET
ajebi-561	306	16	parent	parent	NOUN
ajebi-561	306	17	firm	firm	NOUN
ajebi-561	306	18	:	:	PUNCT
ajebi-561	306	19	14	14	NUM
ajebi-561	306	20	%	%	NOUN
ajebi-561	306	21	,	,	PUNCT
ajebi-561	306	22	according	accord	VERB
ajebi-561	306	23	to	to	ADP
ajebi-561	306	24	data	datum	NOUN
ajebi-561	306	25	from	from	ADP
ajebi-561	306	26	tsmc	tsmc	PROPN
ajebi-561	306	27	’s	’s	PART
ajebi-561	306	28	annual	annual	ADJ
ajebi-561	306	29	report	report	NOUN
ajebi-561	306	30	(	(	PUNCT
ajebi-561	306	31	total	total	ADJ
ajebi-561	306	32	fixed	fix	VERB
ajebi-561	306	33	assets	asset	NOUN
ajebi-561	306	34	of	of	ADP
ajebi-561	306	35	1,563,707,177	1,563,707,177	NUM
ajebi-561	306	36	divided	divide	VERB
ajebi-561	306	37	by	by	ADP
ajebi-561	306	38	total	total	ADJ
ajebi-561	306	39	depreciation	depreciation	NOUN
ajebi-561	306	40	expense	expense	NOUN
ajebi-561	306	41	of	of	ADP
ajebi-561	306	42	3,525,229	3,525,229	NUM
ajebi-561	306	43	)	)	PUNCT
ajebi-561	306	44	.	.	PUNCT
ajebi-561	307	1	we	we	PRON
ajebi-561	307	2	consider	consider	VERB
ajebi-561	307	3	this	this	PRON
ajebi-561	307	4	to	to	PART
ajebi-561	307	5	be	be	AUX
ajebi-561	307	6	the	the	DET
ajebi-561	307	7	future	future	ADJ
ajebi-561	307	8	unis	unis	NOUN
ajebi-561	307	9	depreciation	depreciation	NOUN
ajebi-561	307	10	rate	rate	NOUN
ajebi-561	307	11	.	.	PUNCT
ajebi-561	308	1	regarding	regard	VERB
ajebi-561	308	2	the	the	DET
ajebi-561	308	3	change	change	NOUN
ajebi-561	308	4	in	in	ADP
ajebi-561	308	5	net	net	ADJ
ajebi-561	308	6	working	working	NOUN
ajebi-561	308	7	capital	capital	NOUN
ajebi-561	308	8	,	,	PUNCT
ajebi-561	308	9	we	we	PRON
ajebi-561	308	10	determine	determine	VERB
ajebi-561	308	11	the	the	DET
ajebi-561	308	12	average	average	ADJ
ajebi-561	308	13	change	change	NOUN
ajebi-561	308	14	in	in	ADP
ajebi-561	308	15	tsmc	tsmc	PROPN
ajebi-561	308	16	’s	’s	PART
ajebi-561	308	17	net	net	ADJ
ajebi-561	308	18	working	work	VERB
ajebi-561	308	19	capital	capital	NOUN
ajebi-561	308	20	to	to	ADP
ajebi-561	308	21	its	its	PRON
ajebi-561	308	22	revenue	revenue	NOUN
ajebi-561	308	23	and	and	CCONJ
ajebi-561	308	24	apply	apply	VERB
ajebi-561	308	25	it	it	PRON
ajebi-561	308	26	to	to	PART
ajebi-561	308	27	unis	unis	VERB
ajebi-561	308	28	.	.	PUNCT
ajebi-561	308	29	table	table	NOUN
ajebi-561	308	30	10	10	NUM
ajebi-561	308	31	:	:	PUNCT
ajebi-561	308	32	expense	expense	NOUN
ajebi-561	308	33	and	and	CCONJ
ajebi-561	308	34	revenue	revenue	NOUN
ajebi-561	308	35	of	of	ADP
ajebi-561	308	36	unis	unis	NOUN
ajebi-561	308	37	from	from	ADP
ajebi-561	308	38	2013	2013	NUM
ajebi-561	308	39	to	to	ADP
ajebi-561	308	40	2017	2017	NUM
ajebi-561	308	41	(	(	PUNCT
ajebi-561	308	42	unit	unit	NOUN
ajebi-561	308	43	:	:	PUNCT
ajebi-561	308	44	chinese	chinese	PROPN
ajebi-561	308	45	yuan	yuan	PROPN
ajebi-561	308	46	)	)	PUNCT
ajebi-561	308	47	.	.	PUNCT
ajebi-561	309	1	unis	unis	PROPN
ajebi-561	309	2	year	year	NOUN
ajebi-561	309	3	ofa	ofa	PROPN
ajebi-561	309	4	expenses	expense	VERB
ajebi-561	309	5	revenue	revenue	NOUN
ajebi-561	309	6	proportion	proportion	NOUN
ajebi-561	309	7	(	(	PUNCT
ajebi-561	309	8	%	%	NOUN
ajebi-561	309	9	)	)	PUNCT
ajebi-561	309	10	2017	2017	NUM
ajebi-561	309	11	6,531,763,538	6,531,763,538	NUM
ajebi-561	309	12	39,071,040,894	39,071,040,894	NUM
ajebi-561	310	1	16.6	16.6	NUM
ajebi-561	310	2	2016	2016	NUM
ajebi-561	310	3	4,455,757,561	4,455,757,561	NOUN
ajebi-561	310	4	27,709,709,064	27,709,709,064	NUM
ajebi-561	310	5	16.4	16.4	NUM
ajebi-561	310	6	2015	2015	NUM
ajebi-561	310	7	386,694,158	386,694,158	NUM
ajebi-561	310	8	13,349,904,816	13,349,904,816	NUM
ajebi-561	310	9	2.9	2.9	NUM
ajebi-561	310	10	2014	2014	NUM
ajebi-561	310	11	318,775,230	318,775,230	NUM
ajebi-561	310	12	11,144,913,830	11,144,913,830	NUM
ajebi-561	310	13	2.9	2.9	NUM
ajebi-561	310	14	2013	2013	NUM
ajebi-561	310	15	235,064,380	235,064,380	NUM
ajebi-561	310	16	8,520,037,292	8,520,037,292	NUM
ajebi-561	310	17	2.8	2.8	NUM
ajebi-561	310	18	average	average	ADJ
ajebi-561	310	19	8.3	8.3	NUM
ajebi-561	310	20	table	table	NOUN
ajebi-561	310	21	11	11	NUM
ajebi-561	310	22	:	:	PUNCT
ajebi-561	310	23	net	net	ADJ
ajebi-561	310	24	working	work	VERB
ajebi-561	310	25	capital	capital	NOUN
ajebi-561	310	26	of	of	ADP
ajebi-561	310	27	tsmc	tsmc	PROPN
ajebi-561	310	28	from	from	ADP
ajebi-561	310	29	2013	2013	NUM
ajebi-561	310	30	to	to	ADP
ajebi-561	310	31	2017	2017	NUM
ajebi-561	310	32	(	(	PUNCT
ajebi-561	310	33	unit	unit	NOUN
ajebi-561	310	34	:	:	PUNCT
ajebi-561	310	35	chinese	chinese	PROPN
ajebi-561	310	36	yuan	yuan	PROPN
ajebi-561	310	37	)	)	PUNCT
ajebi-561	310	38	unis	unis	NOUN
ajebi-561	310	39	year	year	NOUN
ajebi-561	310	40	net	net	NOUN
ajebi-561	310	41	working	working	NOUN
ajebi-561	310	42	capital	capital	NOUN
ajebi-561	310	43	change	change	NOUN
ajebi-561	310	44	of	of	ADP
ajebi-561	310	45	nwc	nwc	PROPN
ajebi-561	310	46	percentage	percentage	NOUN
ajebi-561	310	47	to	to	ADP
ajebi-561	310	48	revenue	revenue	NOUN
ajebi-561	310	49	(	(	PUNCT
ajebi-561	310	50	%	%	INTJ
ajebi-561	310	51	)	)	PUNCT
ajebi-561	310	52	2017	2017	NUM
ajebi-561	310	53	498,496,430	498,496,430	NUM
ajebi-561	310	54	-993,423	-993,423	SYM
ajebi-561	310	55	-0.1	-0.1	PROPN
ajebi-561	310	56	2016	2016	NUM
ajebi-561	310	57	499,489,853	499,489,853	NUM
ajebi-561	310	58	120,556,739	120,556,739	NUM
ajebi-561	310	59	25.5	25.5	NUM
ajebi-561	310	60	2015	2015	NUM
ajebi-561	310	61	378,933,114	378,933,114	NUM
ajebi-561	310	62	70,064,585	70,064,585	NUM
ajebi-561	310	63	20.0	20.0	NUM
ajebi-561	310	64	2014	2014	NUM
ajebi-561	310	65	308,868,529	308,868,529	NUM
ajebi-561	310	66	217,945,660	217,945,660	NUM
ajebi-561	310	67	72.1	72.1	NUM
ajebi-561	310	68	2013	2013	NUM
ajebi-561	310	69	90,922,869	90,922,869	NUM
ajebi-561	310	70	average	average	NOUN
ajebi-561	310	71	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	310	72	pa	pa	PROPN
ajebi-561	310	73	ge	ge	PROPN
ajebi-561	310	74	33	33	NUM
ajebi-561	310	75	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	310	76	am	am	NOUN
ajebi-561	310	77	.	.	PUNCT
ajebi-561	311	1	j.	j.	PROPN
ajebi-561	311	2	econ	econ	PROPN
ajebi-561	311	3	.	.	PUNCT
ajebi-561	311	4	bus	bus	PROPN
ajebi-561	311	5	.	.	PUNCT
ajebi-561	312	1	innov	innov	PROPN
ajebi-561	312	2	.	.	PUNCT
ajebi-561	313	1	1(3	1(3	NUM
ajebi-561	313	2	)	)	PUNCT
ajebi-561	313	3	24	24	NUM
ajebi-561	313	4	-	-	SYM
ajebi-561	313	5	35	35	NUM
ajebi-561	313	6	,	,	PUNCT
ajebi-561	313	7	2022	2022	NUM
ajebi-561	313	8	discount	discount	NOUN
ajebi-561	313	9	rate	rate	NOUN
ajebi-561	313	10	:	:	PUNCT
ajebi-561	313	11	the	the	DET
ajebi-561	313	12	β	β	PROPN
ajebi-561	313	13	of	of	ADP
ajebi-561	313	14	computer	computer	NOUN
ajebi-561	313	15	accessories	accessory	NOUN
ajebi-561	313	16	industry	industry	NOUN
ajebi-561	313	17	is	be	AUX
ajebi-561	313	18	about	about	ADV
ajebi-561	313	19	1.39	1.39	NUM
ajebi-561	313	20	;	;	PUNCT
ajebi-561	313	21	rfis	rfis	VERB
ajebi-561	313	22	about	about	ADP
ajebi-561	313	23	3.4	3.4	NUM
ajebi-561	313	24	%	%	NOUN
ajebi-561	313	25	and	and	CCONJ
ajebi-561	313	26	rm	rm	PROPN
ajebi-561	313	27	-	-	PUNCT
ajebi-561	313	28	rfis	rfi	VERB
ajebi-561	313	29	about	about	ADV
ajebi-561	313	30	5.81	5.81	NUM
ajebi-561	313	31	%	%	NOUN
ajebi-561	313	32	;	;	PUNCT
ajebi-561	313	33	d	d	X
ajebi-561	313	34	/	/	SYM
ajebi-561	313	35	e=0.3	e=0.3	PROPN
ajebi-561	313	36	(	(	PUNCT
ajebi-561	313	37	according	accord	VERB
ajebi-561	313	38	to	to	ADP
ajebi-561	313	39	the	the	DET
ajebi-561	313	40	annual	annual	ADJ
ajebi-561	313	41	report	report	NOUN
ajebi-561	313	42	of	of	ADP
ajebi-561	313	43	tsmc	tsmc	PROPN
ajebi-561	313	44	)	)	PUNCT
ajebi-561	313	45	.	.	PUNCT
ajebi-561	314	1	we	we	PRON
ajebi-561	314	2	use	use	VERB
ajebi-561	314	3	the	the	DET
ajebi-561	314	4	interest	interest	NOUN
ajebi-561	314	5	rate	rate	NOUN
ajebi-561	314	6	on	on	ADP
ajebi-561	314	7	10	10	NUM
ajebi-561	314	8	-	-	PUNCT
ajebi-561	314	9	year	year	NOUN
ajebi-561	314	10	bonds	bond	NOUN
ajebi-561	314	11	,	,	PUNCT
ajebi-561	314	12	which	which	PRON
ajebi-561	314	13	is	be	AUX
ajebi-561	314	14	3.67	3.67	NUM
ajebi-561	314	15	percent	percent	NOUN
ajebi-561	314	16	,	,	PUNCT
ajebi-561	314	17	as	as	ADP
ajebi-561	314	18	our	our	PRON
ajebi-561	314	19	risk	risk	NOUN
ajebi-561	314	20	-	-	PUNCT
ajebi-561	314	21	free	free	ADJ
ajebi-561	314	22	rate	rate	NOUN
ajebi-561	314	23	.	.	PUNCT
ajebi-561	315	1	the	the	DET
ajebi-561	315	2	majority	majority	NOUN
ajebi-561	315	3	of	of	ADP
ajebi-561	315	4	research	research	NOUN
ajebi-561	315	5	institutions	institution	NOUN
ajebi-561	315	6	predict	predict	VERB
ajebi-561	315	7	that	that	SCONJ
ajebi-561	315	8	china	china	PROPN
ajebi-561	315	9	’s	’s	PART
ajebi-561	315	10	gdp	gdp	NOUN
ajebi-561	315	11	will	will	AUX
ajebi-561	315	12	expand	expand	VERB
ajebi-561	315	13	by	by	ADP
ajebi-561	315	14	6	6	NUM
ajebi-561	315	15	%	%	NOUN
ajebi-561	315	16	during	during	ADP
ajebi-561	315	17	the	the	DET
ajebi-561	315	18	next	next	ADJ
ajebi-561	315	19	several	several	ADJ
ajebi-561	315	20	years	year	NOUN
ajebi-561	315	21	(	(	PUNCT
ajebi-561	315	22	removed	remove	VERB
ajebi-561	315	23	the	the	DET
ajebi-561	315	24	impact	impact	NOUN
ajebi-561	315	25	of	of	ADP
ajebi-561	315	26	the	the	DET
ajebi-561	315	27	covid-19	covid-19	PROPN
ajebi-561	315	28	)	)	PUNCT
ajebi-561	315	29	.	.	PUNCT
ajebi-561	316	1	this	this	PRON
ajebi-561	316	2	is	be	AUX
ajebi-561	316	3	the	the	DET
ajebi-561	316	4	growth	growth	NOUN
ajebi-561	316	5	rate	rate	NOUN
ajebi-561	316	6	used	use	VERB
ajebi-561	316	7	to	to	PART
ajebi-561	316	8	calculate	calculate	VERB
ajebi-561	316	9	the	the	DET
ajebi-561	316	10	terminal	terminal	ADJ
ajebi-561	316	11	value	value	NOUN
ajebi-561	316	12	.	.	PUNCT
ajebi-561	317	1	the	the	DET
ajebi-561	317	2	determination	determination	NOUN
ajebi-561	317	3	of	of	ADP
ajebi-561	317	4	the	the	DET
ajebi-561	317	5	discount	discount	NOUN
ajebi-561	317	6	rate	rate	NOUN
ajebi-561	317	7	:	:	PUNCT
ajebi-561	317	8	k	k	X
ajebi-561	317	9	=	=	NOUN
ajebi-561	317	10	wacc=0.23	wacc=0.23	NOUN
ajebi-561	317	11	*	*	NOUN
ajebi-561	317	12	2.2%*85%+0.77*(3.4%+1.39	2.2%*85%+0.77*(3.4%+1.39	NUM
ajebi-561	317	13	*	*	SYM
ajebi-561	317	14	5.81	5.81	NUM
ajebi-561	317	15	%	%	NOUN
ajebi-561	317	16	)	)	PUNCT
ajebi-561	318	1	=	=	NOUN
ajebi-561	318	2	9.267	9.267	NUM
ajebi-561	318	3	%	%	NOUN
ajebi-561	318	4	16	16	NUM
ajebi-561	318	5	table	table	NOUN
ajebi-561	318	6	12	12	NUM
ajebi-561	318	7	:	:	PUNCT
ajebi-561	318	8	expected	expect	VERB
ajebi-561	318	9	tsmc	tsmc	PROPN
ajebi-561	318	10	npv	npv	PROPN
ajebi-561	318	11	from	from	ADP
ajebi-561	318	12	2017	2017	NUM
ajebi-561	318	13	(	(	PUNCT
ajebi-561	318	14	unit	unit	NOUN
ajebi-561	318	15	:	:	PUNCT
ajebi-561	318	16	chinese	chinese	PROPN
ajebi-561	318	17	yuan	yuan	PROPN
ajebi-561	318	18	)	)	PUNCT
ajebi-561	318	19	.	.	PUNCT
ajebi-561	319	1	future	future	ADJ
ajebi-561	319	2	year	year	NOUN
ajebi-561	319	3	1	1	NUM
ajebi-561	319	4	2	2	NUM
ajebi-561	319	5	3	3	NUM
ajebi-561	319	6	4	4	NUM
ajebi-561	319	7	5	5	NUM
ajebi-561	319	8	revenue	revenue	NOUN
ajebi-561	319	9	5,860,656,134	5,860,656,134	NUM
ajebi-561	319	10	8,790,984,201	8,790,984,201	NUM
ajebi-561	319	11	13,186,476,301	13,186,476,301	NUM
ajebi-561	319	12	19,779,714,452	19,779,714,452	NUM
ajebi-561	319	13	29,669,571,678	29,669,571,678	NUM
ajebi-561	319	14	less	less	ADJ
ajebi-561	319	15	:	:	PUNCT
ajebi-561	319	16	costs	cost	VERB
ajebi-561	319	17	4,864,344,591	4,864,344,591	NOUN
ajebi-561	319	18	7,296,516,886	7,296,516,886	NUM
ajebi-561	319	19	10,944,775,329	10,944,775,329	PROPN
ajebi-561	320	1	16,417,162,995	16,417,162,995	NUM
ajebi-561	320	2	24,625,744,493	24,625,744,493	NUM
ajebi-561	321	1	less	less	ADJ
ajebi-561	321	2	:	:	PUNCT
ajebi-561	321	3	r&d	r&d	NOUN
ajebi-561	321	4	expense	expense	NOUN
ajebi-561	321	5	586,065,613	586,065,613	NUM
ajebi-561	321	6	879,098,420	879,098,420	NUM
ajebi-561	321	7	1,318,647,630	1,318,647,630	NUM
ajebi-561	321	8	1,977,971,445	1,977,971,445	NUM
ajebi-561	321	9	2,966,957,168	2,966,957,168	NOUN
ajebi-561	321	10	less	less	ADJ
ajebi-561	321	11	:	:	PUNCT
ajebi-561	321	12	other	other	ADJ
ajebi-561	321	13	expenses	expense	NOUN
ajebi-561	321	14	486,434,459	486,434,459	NUM
ajebi-561	321	15	729,651,688	729,651,688	NUM
ajebi-561	321	16	1,094,477,533	1,094,477,533	NUM
ajebi-561	321	17	1,641,716,300	1,641,716,300	NUM
ajebi-561	321	18	2,462,574,449	2,462,574,449	NUM
ajebi-561	321	19	ebit	ebit	NOUN
ajebi-561	321	20	less	less	ADJ
ajebi-561	321	21	:	:	PUNCT
ajebi-561	321	22	tax	tax	NOUN
ajebi-561	321	23	-76,188,529	-76,188,529	NOUN
ajebi-561	321	24	-114,282,793	-114,282,793	PROPN
ajebi-561	321	25	-170,542,419	-170,542,419	PROPN
ajebi-561	321	26	-257,136,287	-257,136,287	PROPN
ajebi-561	321	27	-385,704,431	-385,704,431	PROPN
ajebi-561	321	28	depreciation	depreciation	NOUN
ajebi-561	321	29	11,774,539,154	11,774,539,154	NUM
ajebi-561	321	30	11,774,539,154	11,774,539,154	NUM
ajebi-561	321	31	11,774,539,154	11,774,539,154	NUM
ajebi-561	321	32	11,774,539,154	11,774,539,154	NUM
ajebi-561	321	33	11,774,539,154	11,774,539,154	NUM
ajebi-561	321	34	less	less	ADJ
ajebi-561	321	35	:	:	PUNCT
ajebi-561	321	36	ch.nwc	ch.nwc	PROPN
ajebi-561	321	37	1,758,196,840	1,758,196,840	NOUN
ajebi-561	321	38	2,637,295,260	2,637,295,260	NOUN
ajebi-561	321	39	3,955,942,890	3,955,942,890	NUM
ajebi-561	321	40	5,933,914,336	5,933,914,336	NUM
ajebi-561	321	41	8,900,871,503	8,900,871,503	NUM
ajebi-561	321	42	free	free	ADJ
ajebi-561	321	43	cash	cash	NOUN
ajebi-561	321	44	flow	flow	NOUN
ajebi-561	321	45	9,940,153,785	9,940,153,785	NUM
ajebi-561	321	46	9,022,961,101	9,022,961,101	NUM
ajebi-561	321	47	7,648,053,845	7,648,053,845	NUM
ajebi-561	321	48	5,583,488,531	5,583,488,531	NUM
ajebi-561	321	49	2,487,963,220	2,487,963,220	NUM
ajebi-561	322	1	the	the	DET
ajebi-561	322	2	calculation	calculation	NOUN
ajebi-561	322	3	of	of	ADP
ajebi-561	322	4	npv	npv	NOUN
ajebi-561	322	5	:	:	PUNCT
ajebi-561	322	6	conclusions	conclusion	NOUN
ajebi-561	322	7	the	the	DET
ajebi-561	322	8	transaction	transaction	NOUN
ajebi-561	322	9	will	will	AUX
ajebi-561	322	10	be	be	AUX
ajebi-561	322	11	structured	structure	VERB
ajebi-561	322	12	according	accord	VERB
ajebi-561	322	13	to	to	ADP
ajebi-561	322	14	what	what	PRON
ajebi-561	322	15	is	be	AUX
ajebi-561	322	16	known	know	VERB
ajebi-561	322	17	as	as	ADP
ajebi-561	322	18	the	the	DET
ajebi-561	322	19	reverse	reverse	ADJ
ajebi-561	322	20	triangular	triangular	NOUN
ajebi-561	322	21	merger	merger	NOUN
ajebi-561	322	22	model	model	NOUN
ajebi-561	322	23	,	,	PUNCT
ajebi-561	322	24	which	which	PRON
ajebi-561	322	25	we	we	PRON
ajebi-561	322	26	believe	believe	VERB
ajebi-561	322	27	to	to	PART
ajebi-561	322	28	be	be	AUX
ajebi-561	322	29	the	the	DET
ajebi-561	322	30	most	most	ADV
ajebi-561	322	31	effective	effective	ADJ
ajebi-561	322	32	approach	approach	NOUN
ajebi-561	322	33	.	.	PUNCT
ajebi-561	323	1	there	there	PRON
ajebi-561	323	2	are	be	VERB
ajebi-561	323	3	about	about	ADV
ajebi-561	323	4	four	four	NUM
ajebi-561	323	5	categories	category	NOUN
ajebi-561	323	6	of	of	ADP
ajebi-561	323	7	factors	factor	NOUN
ajebi-561	323	8	that	that	PRON
ajebi-561	323	9	contribute	contribute	VERB
ajebi-561	323	10	to	to	ADP
ajebi-561	323	11	our	our	PRON
ajebi-561	323	12	decision	decision	NOUN
ajebi-561	323	13	to	to	PART
ajebi-561	323	14	go	go	VERB
ajebi-561	323	15	with	with	ADP
ajebi-561	323	16	this	this	DET
ajebi-561	323	17	model	model	NOUN
ajebi-561	323	18	rather	rather	ADV
ajebi-561	323	19	than	than	ADP
ajebi-561	323	20	others	other	NOUN
ajebi-561	323	21	:	:	PUNCT
ajebi-561	323	22	keeping	keep	VERB
ajebi-561	323	23	away	away	ADP
ajebi-561	323	24	the	the	DET
ajebi-561	323	25	minority	minority	NOUN
ajebi-561	323	26	shareholders	shareholder	NOUN
ajebi-561	323	27	for	for	ADP
ajebi-561	323	28	ultimate	ultimate	ADJ
ajebi-561	323	29	control	control	NOUN
ajebi-561	323	30	;	;	PUNCT
ajebi-561	323	31	a	a	DET
ajebi-561	323	32	tax	tax	NOUN
ajebi-561	323	33	shield	shield	NOUN
ajebi-561	323	34	effect	effect	NOUN
ajebi-561	323	35	(	(	PUNCT
ajebi-561	323	36	so	so	SCONJ
ajebi-561	323	37	that	that	SCONJ
ajebi-561	323	38	we	we	PRON
ajebi-561	323	39	accept	accept	VERB
ajebi-561	323	40	stocks	stock	NOUN
ajebi-561	323	41	as	as	ADP
ajebi-561	323	42	the	the	DET
ajebi-561	323	43	primary	primary	ADJ
ajebi-561	323	44	form	form	NOUN
ajebi-561	323	45	of	of	ADP
ajebi-561	323	46	payment	payment	NOUN
ajebi-561	323	47	)	)	PUNCT
ajebi-561	323	48	;	;	PUNCT
ajebi-561	323	49	restrictions	restriction	NOUN
ajebi-561	323	50	on	on	ADP
ajebi-561	323	51	certain	certain	ADJ
ajebi-561	323	52	sorts	sort	NOUN
ajebi-561	323	53	of	of	ADP
ajebi-561	323	54	acts	act	NOUN
ajebi-561	323	55	,	,	PUNCT
ajebi-561	323	56	such	such	ADJ
ajebi-561	323	57	as	as	ADP
ajebi-561	323	58	selling	sell	VERB
ajebi-561	323	59	target	target	NOUN
ajebi-561	323	60	firms	firm	NOUN
ajebi-561	323	61	’	'	PUNCT
ajebi-561	323	62	assets	asset	NOUN
ajebi-561	323	63	or	or	CCONJ
ajebi-561	323	64	stripping	strip	VERB
ajebi-561	323	65	shares	share	NOUN
ajebi-561	323	66	;	;	PUNCT
ajebi-561	323	67	possible	possible	ADJ
ajebi-561	323	68	for	for	SCONJ
ajebi-561	323	69	the	the	DET
ajebi-561	323	70	obligations	obligation	NOUN
ajebi-561	323	71	of	of	ADP
ajebi-561	323	72	unis	unis	NOUN
ajebi-561	323	73	to	to	PART
ajebi-561	323	74	be	be	AUX
ajebi-561	323	75	contained	contain	VERB
ajebi-561	323	76	inside	inside	ADP
ajebi-561	323	77	the	the	DET
ajebi-561	323	78	subsidiary	subsidiary	NOUN
ajebi-561	323	79	.	.	PUNCT
ajebi-561	324	1	to	to	PART
ajebi-561	324	2	take	take	VERB
ajebi-561	324	3	advantage	advantage	NOUN
ajebi-561	324	4	of	of	ADP
ajebi-561	324	5	the	the	DET
ajebi-561	324	6	tax	tax	NOUN
ajebi-561	324	7	shield	shield	NOUN
ajebi-561	324	8	effect	effect	NOUN
ajebi-561	324	9	,	,	PUNCT
ajebi-561	324	10	the	the	DET
ajebi-561	324	11	kind	kind	NOUN
ajebi-561	324	12	of	of	ADP
ajebi-561	324	13	payment	payment	NOUN
ajebi-561	324	14	that	that	PRON
ajebi-561	324	15	we	we	PRON
ajebi-561	324	16	recommend	recommend	VERB
ajebi-561	324	17	is	be	AUX
ajebi-561	324	18	to	to	PART
ajebi-561	324	19	pay	pay	VERB
ajebi-561	324	20	a	a	DET
ajebi-561	324	21	20	20	NUM
ajebi-561	324	22	%	%	NOUN
ajebi-561	324	23	premium	premium	NOUN
ajebi-561	324	24	on	on	ADP
ajebi-561	324	25	the	the	DET
ajebi-561	324	26	target	target	NOUN
ajebi-561	324	27	firm	firm	NOUN
ajebi-561	324	28	,	,	PUNCT
ajebi-561	324	29	with	with	ADP
ajebi-561	324	30	80	80	NUM
ajebi-561	324	31	%	%	NOUN
ajebi-561	324	32	of	of	ADP
ajebi-561	324	33	the	the	DET
ajebi-561	324	34	payment	payment	NOUN
ajebi-561	324	35	coming	come	VERB
ajebi-561	324	36	in	in	ADP
ajebi-561	324	37	the	the	DET
ajebi-561	324	38	form	form	NOUN
ajebi-561	324	39	of	of	ADP
ajebi-561	324	40	stocks	stock	NOUN
ajebi-561	324	41	(	(	PUNCT
ajebi-561	324	42	common	common	ADJ
ajebi-561	324	43	or	or	CCONJ
ajebi-561	324	44	preferred	preferred	ADJ
ajebi-561	324	45	)	)	PUNCT
ajebi-561	324	46	,	,	PUNCT
ajebi-561	324	47	and	and	CCONJ
ajebi-561	324	48	the	the	DET
ajebi-561	324	49	remaining	remain	VERB
ajebi-561	324	50	20	20	NUM
ajebi-561	324	51	%	%	NOUN
ajebi-561	324	52	coming	come	VERB
ajebi-561	324	53	in	in	ADP
ajebi-561	324	54	the	the	DET
ajebi-561	324	55	form	form	NOUN
ajebi-561	324	56	of	of	ADP
ajebi-561	324	57	cash	cash	NOUN
ajebi-561	324	58	.	.	PUNCT
ajebi-561	325	1	in	in	ADP
ajebi-561	325	2	this	this	DET
ajebi-561	325	3	way	way	NOUN
ajebi-561	325	4	,	,	PUNCT
ajebi-561	325	5	unis	unis	NOUN
ajebi-561	325	6	and	and	CCONJ
ajebi-561	325	7	tsmc	tsmc	PROPN
ajebi-561	325	8	have	have	AUX
ajebi-561	325	9	completed	complete	VERB
ajebi-561	325	10	substantial	substantial	ADJ
ajebi-561	325	11	mergers	merger	NOUN
ajebi-561	325	12	and	and	CCONJ
ajebi-561	325	13	acquisitions	acquisition	NOUN
ajebi-561	325	14	and	and	CCONJ
ajebi-561	325	15	bundling	bundling	NOUN
ajebi-561	325	16	of	of	ADP
ajebi-561	325	17	interests	interest	NOUN
ajebi-561	325	18	by	by	ADP
ajebi-561	325	19	establishing	establish	VERB
ajebi-561	325	20	a	a	DET
ajebi-561	325	21	joint	joint	ADJ
ajebi-561	325	22	new	new	ADJ
ajebi-561	325	23	company	company	NOUN
ajebi-561	325	24	.	.	PUNCT
ajebi-561	326	1	let	let	VERB
ajebi-561	326	2	’s	’s	PRON
ajebi-561	326	3	call	call	VERB
ajebi-561	326	4	it	it	PRON
ajebi-561	326	5	a	a	DET
ajebi-561	326	6	contingent	contingent	ADJ
ajebi-561	326	7	approach	approach	NOUN
ajebi-561	326	8	for	for	ADP
ajebi-561	326	9	the	the	DET
ajebi-561	326	10	sake	sake	NOUN
ajebi-561	326	11	of	of	ADP
ajebi-561	326	12	argument	argument	NOUN
ajebi-561	326	13	.	.	PUNCT
ajebi-561	327	1	figure	figure	NOUN
ajebi-561	327	2	1	1	NUM
ajebi-561	327	3	:	:	PUNCT
ajebi-561	327	4	proposed	propose	VERB
ajebi-561	327	5	acquisition	acquisition	NOUN
ajebi-561	327	6	plan	plan	NOUN
ajebi-561	327	7	to	to	PART
ajebi-561	327	8	merge	merge	VERB
ajebi-561	327	9	tsmc	tsmc	PROPN
ajebi-561	327	10	into	into	ADP
ajebi-561	327	11	unis	unis	NOUN
ajebi-561	327	12	in	in	ADP
ajebi-561	327	13	addition	addition	NOUN
ajebi-561	327	14	to	to	ADP
ajebi-561	327	15	the	the	DET
ajebi-561	327	16	benefit	benefit	NOUN
ajebi-561	327	17	of	of	ADP
ajebi-561	327	18	providing	provide	VERB
ajebi-561	327	19	a	a	DET
ajebi-561	327	20	tax	tax	NOUN
ajebi-561	327	21	shield	shield	NOUN
ajebi-561	327	22	,	,	PUNCT
ajebi-561	327	23	there	there	PRON
ajebi-561	327	24	are	be	VERB
ajebi-561	327	25	a	a	DET
ajebi-561	327	26	number	number	NOUN
ajebi-561	327	27	of	of	ADP
ajebi-561	327	28	other	other	ADJ
ajebi-561	327	29	considerations	consideration	NOUN
ajebi-561	327	30	as	as	ADP
ajebi-561	327	31	following	follow	VERB
ajebi-561	327	32	that	that	PRON
ajebi-561	327	33	strongly	strongly	ADV
ajebi-561	327	34	encourage	encourage	VERB
ajebi-561	327	35	us	we	PRON
ajebi-561	327	36	to	to	PART
ajebi-561	327	37	use	use	VERB
ajebi-561	327	38	the	the	DET
ajebi-561	327	39	stock	stock	NOUN
ajebi-561	327	40	as	as	ADP
ajebi-561	327	41	the	the	DET
ajebi-561	327	42	payment	payment	NOUN
ajebi-561	327	43	.	.	PUNCT
ajebi-561	328	1	such	such	ADJ
ajebi-561	328	2	mergers	merger	NOUN
ajebi-561	328	3	and	and	CCONJ
ajebi-561	328	4	acquisitions	acquisition	NOUN
ajebi-561	328	5	will	will	AUX
ajebi-561	328	6	not	not	PART
ajebi-561	328	7	be	be	AUX
ajebi-561	328	8	considered	consider	VERB
ajebi-561	328	9	as	as	ADP
ajebi-561	328	10	unfriendly	unfriendly	ADJ
ajebi-561	328	11	takeovers	takeover	NOUN
ajebi-561	328	12	since	since	SCONJ
ajebi-561	328	13	both	both	CCONJ
ajebi-561	328	14	china	china	PROPN
ajebi-561	328	15	mainland	mainland	PROPN
ajebi-561	328	16	tsmc	tsmc	PROPN
ajebi-561	328	17	’s	’s	PART
ajebi-561	328	18	interest	interest	NOUN
ajebi-561	328	19	meet	meet	VERB
ajebi-561	328	20	in	in	ADP
ajebi-561	328	21	the	the	DET
ajebi-561	328	22	process	process	NOUN
ajebi-561	328	23	.	.	PUNCT
ajebi-561	329	1	china	china	PROPN
ajebi-561	329	2	maintains	maintain	VERB
ajebi-561	329	3	a	a	DET
ajebi-561	329	4	longterm	longterm	ADJ
ajebi-561	329	5	policy	policy	NOUN
ajebi-561	329	6	favorable	favorable	ADJ
ajebi-561	329	7	to	to	ADP
ajebi-561	329	8	the	the	DET
ajebi-561	329	9	semiconductor	semiconductor	NOUN
ajebi-561	329	10	sector	sector	NOUN
ajebi-561	329	11	and	and	CCONJ
ajebi-561	329	12	there	there	PRON
ajebi-561	329	13	is	be	VERB
ajebi-561	329	14	a	a	DET
ajebi-561	329	15	reasonably	reasonably	ADV
ajebi-561	329	16	strong	strong	ADJ
ajebi-561	329	17	demand	demand	NOUN
ajebi-561	329	18	for	for	ADP
ajebi-561	329	19	semiconductors	semiconductor	NOUN
ajebi-561	329	20	both	both	CCONJ
ajebi-561	329	21	now	now	ADV
ajebi-561	329	22	and	and	CCONJ
ajebi-561	329	23	in	in	ADP
ajebi-561	329	24	the	the	DET
ajebi-561	329	25	near	near	ADJ
ajebi-561	329	26	future	future	NOUN
ajebi-561	329	27	.	.	PUNCT
ajebi-561	330	1	tsmc	tsmc	PROPN
ajebi-561	330	2	also	also	ADV
ajebi-561	330	3	actively	actively	ADV
ajebi-561	330	4	seeks	seek	VERB
ajebi-561	330	5	long	long	ADJ
ajebi-561	330	6	-	-	PUNCT
ajebi-561	330	7	term	term	NOUN
ajebi-561	330	8	profit	profit	NOUN
ajebi-561	330	9	opportunities	opportunity	NOUN
ajebi-561	330	10	in	in	ADP
ajebi-561	330	11	the	the	DET
ajebi-561	330	12	mainland	mainland	NOUN
ajebi-561	330	13	chinese	chinese	ADJ
ajebi-561	330	14	market	market	NOUN
ajebi-561	330	15	.	.	PUNCT
ajebi-561	331	1	additionally	additionally	ADV
ajebi-561	331	2	,	,	PUNCT
ajebi-561	331	3	the	the	DET
ajebi-561	331	4	majority	majority	NOUN
ajebi-561	331	5	of	of	ADP
ajebi-561	331	6	unis	unis	NOUN
ajebi-561	331	7	’s	’s	PART
ajebi-561	331	8	senior	senior	ADJ
ajebi-561	331	9	managers	manager	NOUN
ajebi-561	331	10	are	be	AUX
ajebi-561	331	11	the	the	DET
ajebi-561	331	12	most	most	ADV
ajebi-561	331	13	significant	significant	ADJ
ajebi-561	331	14	engineers	engineer	NOUN
ajebi-561	331	15	in	in	ADP
ajebi-561	331	16	this	this	DET
ajebi-561	331	17	business	business	NOUN
ajebi-561	331	18	and	and	CCONJ
ajebi-561	331	19	are	be	AUX
ajebi-561	331	20	responsible	responsible	ADJ
ajebi-561	331	21	for	for	ADP
ajebi-561	331	22	the	the	DET
ajebi-561	331	23	most	most	ADV
ajebi-561	331	24	crucial	crucial	ADJ
ajebi-561	331	25	tasks	task	NOUN
ajebi-561	331	26	in	in	ADP
ajebi-561	331	27	production	production	NOUN
ajebi-561	331	28	.	.	PUNCT
ajebi-561	332	1	according	accord	VERB
ajebi-561	332	2	to	to	ADP
ajebi-561	332	3	the	the	DET
ajebi-561	332	4	findings	finding	NOUN
ajebi-561	332	5	of	of	ADP
ajebi-561	332	6	zhang	zhang	PROPN
ajebi-561	332	7	(	(	PUNCT
ajebi-561	332	8	2001	2001	NUM
ajebi-561	332	9	)	)	PUNCT
ajebi-561	332	10	,	,	PUNCT
ajebi-561	332	11	the	the	DET
ajebi-561	332	12	buyer	buyer	NOUN
ajebi-561	332	13	is	be	AUX
ajebi-561	332	14	more	more	ADV
ajebi-561	332	15	likely	likely	ADJ
ajebi-561	332	16	to	to	PART
ajebi-561	332	17	pay	pay	VERB
ajebi-561	332	18	with	with	ADP
ajebi-561	332	19	stocks	stock	NOUN
ajebi-561	332	20	when	when	SCONJ
ajebi-561	332	21	the	the	DET
ajebi-561	332	22	scales	scale	NOUN
ajebi-561	332	23	of	of	ADP
ajebi-561	332	24	the	the	DET
ajebi-561	332	25	target	target	NOUN
ajebi-561	332	26	enterprises	enterprise	NOUN
ajebi-561	332	27	are	be	AUX
ajebi-561	332	28	relatively	relatively	ADV
ajebi-561	332	29	huge	huge	ADJ
ajebi-561	332	30	.	.	PUNCT
ajebi-561	333	1	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	333	2	pa	pa	PROPN
ajebi-561	333	3	ge	ge	PROPN
ajebi-561	333	4	34	34	NUM
ajebi-561	333	5	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	333	6	am	am	NOUN
ajebi-561	333	7	.	.	PUNCT
ajebi-561	334	1	j.	j.	PROPN
ajebi-561	334	2	econ	econ	PROPN
ajebi-561	334	3	.	.	PUNCT
ajebi-561	334	4	bus	bus	PROPN
ajebi-561	334	5	.	.	PUNCT
ajebi-561	335	1	innov	innov	PROPN
ajebi-561	335	2	.	.	PUNCT
ajebi-561	336	1	1(3	1(3	NUM
ajebi-561	336	2	)	)	PUNCT
ajebi-561	336	3	24	24	NUM
ajebi-561	336	4	-	-	SYM
ajebi-561	336	5	35	35	NUM
ajebi-561	336	6	,	,	PUNCT
ajebi-561	336	7	2022	2022	NUM
ajebi-561	336	8	when	when	SCONJ
ajebi-561	336	9	the	the	DET
ajebi-561	336	10	scales	scale	NOUN
ajebi-561	336	11	of	of	ADP
ajebi-561	336	12	the	the	DET
ajebi-561	336	13	merger	merger	NOUN
ajebi-561	336	14	are	be	AUX
ajebi-561	336	15	great	great	ADJ
ajebi-561	336	16	,	,	PUNCT
ajebi-561	336	17	using	use	VERB
ajebi-561	336	18	the	the	DET
ajebi-561	336	19	stock	stock	NOUN
ajebi-561	336	20	as	as	ADP
ajebi-561	336	21	a	a	DET
ajebi-561	336	22	form	form	NOUN
ajebi-561	336	23	of	of	ADP
ajebi-561	336	24	payment	payment	NOUN
ajebi-561	336	25	may	may	AUX
ajebi-561	336	26	help	help	VERB
ajebi-561	336	27	ease	ease	VERB
ajebi-561	336	28	the	the	DET
ajebi-561	336	29	burden	burden	NOUN
ajebi-561	336	30	of	of	ADP
ajebi-561	336	31	cash	cash	NOUN
ajebi-561	336	32	and	and	CCONJ
ajebi-561	336	33	finance	finance	NOUN
ajebi-561	336	34	.	.	PUNCT
ajebi-561	337	1	the	the	DET
ajebi-561	337	2	heavy	heavy	ADJ
ajebi-561	337	3	demands	demand	NOUN
ajebi-561	337	4	for	for	ADP
ajebi-561	337	5	cash	cash	NOUN
ajebi-561	337	6	that	that	PRON
ajebi-561	337	7	tsmc	tsmc	PROPN
ajebi-561	337	8	has	have	AUX
ajebi-561	337	9	are	be	AUX
ajebi-561	337	10	still	still	ADV
ajebi-561	337	11	another	another	DET
ajebi-561	337	12	important	important	ADJ
ajebi-561	337	13	factor	factor	NOUN
ajebi-561	337	14	contributing	contribute	VERB
ajebi-561	337	15	to	to	ADP
ajebi-561	337	16	the	the	DET
ajebi-561	337	17	restriction	restriction	NOUN
ajebi-561	337	18	of	of	ADP
ajebi-561	337	19	the	the	DET
ajebi-561	337	20	payment	payment	NOUN
ajebi-561	337	21	.	.	PUNCT
ajebi-561	338	1	because	because	SCONJ
ajebi-561	338	2	of	of	ADP
ajebi-561	338	3	the	the	DET
ajebi-561	338	4	high	high	ADJ
ajebi-561	338	5	cost	cost	NOUN
ajebi-561	338	6	of	of	ADP
ajebi-561	338	7	research	research	NOUN
ajebi-561	338	8	,	,	PUNCT
ajebi-561	338	9	tsmc	tsmc	PROPN
ajebi-561	338	10	has	have	VERB
ajebi-561	338	11	a	a	DET
ajebi-561	338	12	relatively	relatively	ADV
ajebi-561	338	13	low	low	ADJ
ajebi-561	338	14	free	free	ADJ
ajebi-561	338	15	cash	cash	NOUN
ajebi-561	338	16	flow	flow	NOUN
ajebi-561	338	17	,	,	PUNCT
ajebi-561	338	18	considering	consider	VERB
ajebi-561	338	19	its	its	PRON
ajebi-561	338	20	magnitude	magnitude	NOUN
ajebi-561	338	21	,	,	PUNCT
ajebi-561	338	22	as	as	SCONJ
ajebi-561	338	23	was	be	AUX
ajebi-561	338	24	seen	see	VERB
ajebi-561	338	25	in	in	ADP
ajebi-561	338	26	the	the	DET
ajebi-561	338	27	preceding	precede	VERB
ajebi-561	338	28	section	section	NOUN
ajebi-561	338	29	of	of	ADP
ajebi-561	338	30	the	the	DET
ajebi-561	338	31	company	company	NOUN
ajebi-561	338	32	’s	’s	PART
ajebi-561	338	33	financial	financial	ADJ
ajebi-561	338	34	statement	statement	NOUN
ajebi-561	338	35	.	.	PUNCT
ajebi-561	339	1	equipped	equip	VERB
ajebi-561	339	2	with	with	ADP
ajebi-561	339	3	the	the	DET
ajebi-561	339	4	favorable	favorable	ADJ
ajebi-561	339	5	measures	measure	NOUN
ajebi-561	339	6	from	from	ADP
ajebi-561	339	7	chinese	chinese	ADJ
ajebi-561	339	8	government	government	NOUN
ajebi-561	339	9	,	,	PUNCT
ajebi-561	339	10	for	for	ADP
ajebi-561	339	11	unis	unis	NOUN
ajebi-561	339	12	,	,	PUNCT
ajebi-561	339	13	the	the	DET
ajebi-561	339	14	form	form	NOUN
ajebi-561	339	15	of	of	ADP
ajebi-561	339	16	payment	payment	NOUN
ajebi-561	339	17	is	be	AUX
ajebi-561	339	18	actually	actually	ADV
ajebi-561	339	19	the	the	DET
ajebi-561	339	20	investment	investment	NOUN
ajebi-561	339	21	problem	problem	NOUN
ajebi-561	339	22	.	.	PUNCT
ajebi-561	340	1	as	as	SCONJ
ajebi-561	340	2	the	the	DET
ajebi-561	340	3	executive	executive	PROPN
ajebi-561	340	4	board	board	NOUN
ajebi-561	340	5	of	of	ADP
ajebi-561	340	6	unis	unis	NOUN
ajebi-561	340	7	,	,	PUNCT
ajebi-561	340	8	in	in	ADP
ajebi-561	340	9	theory	theory	NOUN
ajebi-561	340	10	prefers	prefer	VERB
ajebi-561	340	11	receiving	receive	VERB
ajebi-561	340	12	cash	cash	NOUN
ajebi-561	340	13	,	,	PUNCT
ajebi-561	340	14	but	but	CCONJ
ajebi-561	340	15	as	as	ADP
ajebi-561	340	16	in	in	ADP
ajebi-561	340	17	a	a	DET
ajebi-561	340	18	technological	technological	ADJ
ajebi-561	340	19	sector	sector	NOUN
ajebi-561	340	20	,	,	PUNCT
ajebi-561	340	21	the	the	DET
ajebi-561	340	22	majority	majority	NOUN
ajebi-561	340	23	of	of	ADP
ajebi-561	340	24	them	they	PRON
ajebi-561	340	25	are	be	AUX
ajebi-561	340	26	aware	aware	ADJ
ajebi-561	340	27	of	of	ADP
ajebi-561	340	28	the	the	DET
ajebi-561	340	29	long	long	ADJ
ajebi-561	340	30	-	-	PUNCT
ajebi-561	340	31	term	term	NOUN
ajebi-561	340	32	profit	profit	NOUN
ajebi-561	340	33	.	.	PUNCT
ajebi-561	341	1	the	the	DET
ajebi-561	341	2	challenge	challenge	NOUN
ajebi-561	341	3	of	of	ADP
ajebi-561	341	4	funding	funding	NOUN
ajebi-561	341	5	for	for	ADP
ajebi-561	341	6	tsmc	tsmc	PROPN
ajebi-561	341	7	is	be	AUX
ajebi-561	341	8	the	the	DET
ajebi-561	341	9	form	form	NOUN
ajebi-561	341	10	of	of	ADP
ajebi-561	341	11	payment	payment	NOUN
ajebi-561	341	12	.	.	PUNCT
ajebi-561	342	1	with	with	ADP
ajebi-561	342	2	a	a	DET
ajebi-561	342	3	good	good	ADJ
ajebi-561	342	4	return	return	NOUN
ajebi-561	342	5	expectation	expectation	NOUN
ajebi-561	342	6	from	from	ADP
ajebi-561	342	7	society	society	NOUN
ajebi-561	342	8	,	,	PUNCT
ajebi-561	342	9	tsmc	tsmc	PROPN
ajebi-561	342	10	is	be	AUX
ajebi-561	342	11	under	under	ADP
ajebi-561	342	12	less	less	ADJ
ajebi-561	342	13	pressure	pressure	NOUN
ajebi-561	342	14	to	to	PART
ajebi-561	342	15	get	get	VERB
ajebi-561	342	16	finance	finance	NOUN
ajebi-561	342	17	.	.	PUNCT
ajebi-561	343	1	but	but	CCONJ
ajebi-561	343	2	even	even	ADV
ajebi-561	343	3	if	if	SCONJ
ajebi-561	343	4	its	its	PRON
ajebi-561	343	5	potential	potential	ADJ
ajebi-561	343	6	competitors	competitor	NOUN
ajebi-561	343	7	’	'	PUNCT
ajebi-561	343	8	market	market	NOUN
ajebi-561	343	9	share	share	NOUN
ajebi-561	343	10	is	be	AUX
ajebi-561	343	11	not	not	PART
ajebi-561	343	12	as	as	ADV
ajebi-561	343	13	large	large	ADJ
ajebi-561	343	14	as	as	ADP
ajebi-561	343	15	tsmc	tsmc	PROPN
ajebi-561	343	16	’s	’s	PART
ajebi-561	343	17	,	,	PUNCT
ajebi-561	343	18	they	they	PRON
ajebi-561	343	19	may	may	AUX
ajebi-561	343	20	also	also	ADV
ajebi-561	343	21	benefit	benefit	VERB
ajebi-561	343	22	from	from	ADP
ajebi-561	343	23	the	the	DET
ajebi-561	343	24	same	same	ADJ
ajebi-561	343	25	policy	policy	NOUN
ajebi-561	343	26	privileges	privilege	NOUN
ajebi-561	343	27	,	,	PUNCT
ajebi-561	343	28	reduced	reduce	VERB
ajebi-561	343	29	material	material	NOUN
ajebi-561	343	30	costs	cost	NOUN
ajebi-561	343	31	,	,	PUNCT
ajebi-561	343	32	and	and	CCONJ
ajebi-561	343	33	lower	low	ADJ
ajebi-561	343	34	land	land	NOUN
ajebi-561	343	35	costs	cost	NOUN
ajebi-561	343	36	.	.	PUNCT
ajebi-561	344	1	in	in	ADP
ajebi-561	344	2	fact	fact	NOUN
ajebi-561	344	3	,	,	PUNCT
ajebi-561	344	4	tsmc	tsmc	PROPN
ajebi-561	344	5	has	have	AUX
ajebi-561	344	6	lost	lose	VERB
ajebi-561	344	7	its	its	PRON
ajebi-561	344	8	past	past	ADJ
ajebi-561	344	9	capital	capital	NOUN
ajebi-561	344	10	and	and	CCONJ
ajebi-561	344	11	technological	technological	ADJ
ajebi-561	344	12	advantages	advantage	NOUN
ajebi-561	344	13	as	as	ADP
ajebi-561	344	14	a	a	DET
ajebi-561	344	15	result	result	NOUN
ajebi-561	344	16	of	of	ADP
ajebi-561	344	17	the	the	DET
ajebi-561	344	18	general	general	ADJ
ajebi-561	344	19	industrial	industrial	ADJ
ajebi-561	344	20	subsidies	subsidy	NOUN
ajebi-561	344	21	,	,	PUNCT
ajebi-561	344	22	and	and	CCONJ
ajebi-561	344	23	its	its	PRON
ajebi-561	344	24	future	future	ADJ
ajebi-561	344	25	profitability	profitability	NOUN
ajebi-561	344	26	would	would	AUX
ajebi-561	344	27	be	be	AUX
ajebi-561	344	28	devalued	devalue	VERB
ajebi-561	344	29	.	.	PUNCT
ajebi-561	345	1	at	at	ADP
ajebi-561	345	2	this	this	DET
ajebi-561	345	3	time	time	NOUN
ajebi-561	345	4	,	,	PUNCT
ajebi-561	345	5	it	it	PRON
ajebi-561	345	6	appears	appear	VERB
ajebi-561	345	7	to	to	PART
ajebi-561	345	8	be	be	AUX
ajebi-561	345	9	a	a	DET
ajebi-561	345	10	win	win	NOUN
ajebi-561	345	11	-	-	PUNCT
ajebi-561	345	12	win	win	NOUN
ajebi-561	345	13	situation	situation	NOUN
ajebi-561	345	14	if	if	SCONJ
ajebi-561	345	15	unis	unis	NOUN
ajebi-561	345	16	acquires	acquire	VERB
ajebi-561	345	17	tsmc	tsmc	PRON
ajebi-561	345	18	and	and	CCONJ
ajebi-561	345	19	develops	develop	VERB
ajebi-561	345	20	a	a	DET
ajebi-561	345	21	joint	joint	ADJ
ajebi-561	345	22	venture	venture	NOUN
ajebi-561	345	23	,	,	PUNCT
ajebi-561	345	24	as	as	SCONJ
ajebi-561	345	25	depicted	depict	VERB
ajebi-561	345	26	in	in	ADP
ajebi-561	345	27	figure	figure	NOUN
ajebi-561	345	28	1	1	NUM
ajebi-561	345	29	.	.	PUNCT
ajebi-561	346	1	lastly	lastly	ADV
ajebi-561	346	2	,	,	PUNCT
ajebi-561	346	3	the	the	DET
ajebi-561	346	4	attractiveness	attractiveness	NOUN
ajebi-561	346	5	of	of	ADP
ajebi-561	346	6	stock	stock	NOUN
ajebi-561	346	7	payment	payment	NOUN
ajebi-561	346	8	stems	stem	VERB
ajebi-561	346	9	from	from	ADP
ajebi-561	346	10	its	its	PRON
ajebi-561	346	11	variable	variable	ADJ
ajebi-561	346	12	pricing	pricing	NOUN
ajebi-561	346	13	feature	feature	NOUN
ajebi-561	346	14	.	.	PUNCT
ajebi-561	347	1	the	the	DET
ajebi-561	347	2	new	new	ADJ
ajebi-561	347	3	company	company	NOUN
ajebi-561	347	4	will	will	AUX
ajebi-561	347	5	benefit	benefit	VERB
ajebi-561	347	6	from	from	ADP
ajebi-561	347	7	the	the	DET
ajebi-561	347	8	value	value	NOUN
ajebi-561	347	9	of	of	ADP
ajebi-561	347	10	the	the	DET
ajebi-561	347	11	coordinating	coordinating	NOUN
ajebi-561	347	12	effect	effect	NOUN
ajebi-561	347	13	.	.	PUNCT
ajebi-561	348	1	the	the	DET
ajebi-561	348	2	contingent	contingent	ADJ
ajebi-561	348	3	price	price	NOUN
ajebi-561	348	4	indicates	indicate	VERB
ajebi-561	348	5	that	that	SCONJ
ajebi-561	348	6	shareholders	shareholder	NOUN
ajebi-561	348	7	of	of	ADP
ajebi-561	348	8	the	the	DET
ajebi-561	348	9	target	target	NOUN
ajebi-561	348	10	firm	firm	NOUN
ajebi-561	348	11	who	who	PRON
ajebi-561	348	12	get	get	VERB
ajebi-561	348	13	the	the	DET
ajebi-561	348	14	new	new	ADJ
ajebi-561	348	15	company	company	NOUN
ajebi-561	348	16	’s	’s	PART
ajebi-561	348	17	shares	share	NOUN
ajebi-561	348	18	will	will	AUX
ajebi-561	348	19	receive	receive	VERB
ajebi-561	348	20	the	the	DET
ajebi-561	348	21	total	total	ADJ
ajebi-561	348	22	payment	payment	NOUN
ajebi-561	348	23	value	value	NOUN
ajebi-561	348	24	that	that	PRON
ajebi-561	348	25	is	be	AUX
ajebi-561	348	26	equivalent	equivalent	ADJ
ajebi-561	348	27	to	to	ADP
ajebi-561	348	28	or	or	CCONJ
ajebi-561	348	29	more	more	ADJ
ajebi-561	348	30	than	than	ADP
ajebi-561	348	31	their	their	PRON
ajebi-561	348	32	proportionate	proportionate	ADJ
ajebi-561	348	33	part	part	NOUN
ajebi-561	348	34	of	of	ADP
ajebi-561	348	35	the	the	DET
ajebi-561	348	36	merger	merger	NOUN
ajebi-561	348	37	and	and	CCONJ
ajebi-561	348	38	acquisition	acquisition	NOUN
ajebi-561	348	39	profits	profit	NOUN
ajebi-561	348	40	.	.	PUNCT
ajebi-561	349	1	acquisition	acquisition	NOUN
ajebi-561	349	2	profit	profit	NOUN
ajebi-561	349	3	is	be	AUX
ajebi-561	349	4	unpredictable	unpredictable	ADJ
ajebi-561	349	5	;	;	PUNCT
ajebi-561	349	6	therefore	therefore	ADV
ajebi-561	349	7	,	,	PUNCT
ajebi-561	349	8	selecting	select	VERB
ajebi-561	349	9	stocks	stock	NOUN
ajebi-561	349	10	as	as	SCONJ
ajebi-561	349	11	payment	payment	NOUN
ajebi-561	349	12	will	will	AUX
ajebi-561	349	13	eliminate	eliminate	VERB
ajebi-561	349	14	the	the	DET
ajebi-561	349	15	profit	profit	NOUN
ajebi-561	349	16	uncertainty	uncertainty	NOUN
ajebi-561	349	17	.	.	PUNCT
ajebi-561	350	1	according	accord	VERB
ajebi-561	350	2	to	to	ADP
ajebi-561	350	3	the	the	DET
ajebi-561	350	4	notion	notion	NOUN
ajebi-561	350	5	of	of	ADP
ajebi-561	350	6	the	the	DET
ajebi-561	350	7	corporate	corporate	ADJ
ajebi-561	350	8	pecking	pecking	NOUN
ajebi-561	350	9	order	order	NOUN
ajebi-561	350	10	,	,	PUNCT
ajebi-561	350	11	the	the	DET
ajebi-561	350	12	corporation	corporation	NOUN
ajebi-561	350	13	chooses	choose	VERB
ajebi-561	350	14	internal	internal	ADJ
ajebi-561	350	15	cash	cash	NOUN
ajebi-561	350	16	financing	financing	NOUN
ajebi-561	350	17	over	over	ADP
ajebi-561	350	18	treasury	treasury	NOUN
ajebi-561	350	19	shares	share	NOUN
ajebi-561	350	20	,	,	PUNCT
ajebi-561	350	21	the	the	DET
ajebi-561	350	22	issuing	issuing	NOUN
ajebi-561	350	23	of	of	ADP
ajebi-561	350	24	new	new	ADJ
ajebi-561	350	25	bonds	bond	NOUN
ajebi-561	350	26	,	,	PUNCT
ajebi-561	350	27	and	and	CCONJ
ajebi-561	350	28	the	the	DET
ajebi-561	350	29	issuance	issuance	NOUN
ajebi-561	350	30	of	of	ADP
ajebi-561	350	31	new	new	ADJ
ajebi-561	350	32	shares	share	NOUN
ajebi-561	350	33	.	.	PUNCT
ajebi-561	351	1	the	the	DET
ajebi-561	351	2	debtto	debtto	PROPN
ajebi-561	351	3	-	-	PUNCT
ajebi-561	351	4	asset	asset	NOUN
ajebi-561	351	5	ratio	ratio	NOUN
ajebi-561	351	6	of	of	ADP
ajebi-561	351	7	tsmc	tsmc	PROPN
ajebi-561	351	8	is	be	AUX
ajebi-561	351	9	21.2	21.2	NUM
ajebi-561	351	10	%	%	NOUN
ajebi-561	351	11	,	,	PUNCT
ajebi-561	351	12	while	while	SCONJ
ajebi-561	351	13	the	the	DET
ajebi-561	351	14	liquid	liquid	ADJ
ajebi-561	351	15	assets	asset	NOUN
ajebi-561	351	16	ratio	ratio	NOUN
ajebi-561	351	17	is	be	AUX
ajebi-561	351	18	20	20	NUM
ajebi-561	351	19	%	%	NOUN
ajebi-561	351	20	,	,	PUNCT
ajebi-561	351	21	showing	show	VERB
ajebi-561	351	22	a	a	DET
ajebi-561	351	23	robust	robust	ADJ
ajebi-561	351	24	capacity	capacity	NOUN
ajebi-561	351	25	for	for	ADP
ajebi-561	351	26	debt	debt	NOUN
ajebi-561	351	27	payback	payback	NOUN
ajebi-561	351	28	.	.	PUNCT
ajebi-561	352	1	despite	despite	SCONJ
ajebi-561	352	2	the	the	DET
ajebi-561	352	3	favorable	favorable	ADJ
ajebi-561	352	4	financial	financial	ADJ
ajebi-561	352	5	and	and	CCONJ
ajebi-561	352	6	regulatory	regulatory	ADJ
ajebi-561	352	7	circumstances	circumstance	NOUN
ajebi-561	352	8	outlined	outline	VERB
ajebi-561	352	9	above	above	ADV
ajebi-561	352	10	,	,	PUNCT
ajebi-561	352	11	the	the	DET
ajebi-561	352	12	merger	merger	NOUN
ajebi-561	352	13	did	do	AUX
ajebi-561	352	14	not	not	PART
ajebi-561	352	15	materialize	materialize	VERB
ajebi-561	352	16	,	,	PUNCT
ajebi-561	352	17	which	which	PRON
ajebi-561	352	18	is	be	AUX
ajebi-561	352	19	regrettable	regrettable	ADJ
ajebi-561	352	20	for	for	ADP
ajebi-561	352	21	the	the	DET
ajebi-561	352	22	growth	growth	NOUN
ajebi-561	352	23	of	of	ADP
ajebi-561	352	24	china	china	PROPN
ajebi-561	352	25	’s	’s	PART
ajebi-561	352	26	semiconductor	semiconductor	NOUN
ajebi-561	352	27	sector	sector	NOUN
ajebi-561	352	28	.	.	PUNCT
ajebi-561	353	1	the	the	DET
ajebi-561	353	2	collapse	collapse	NOUN
ajebi-561	353	3	of	of	ADP
ajebi-561	353	4	the	the	DET
ajebi-561	353	5	merger	merger	NOUN
ajebi-561	353	6	seems	seem	VERB
ajebi-561	353	7	to	to	PART
ajebi-561	353	8	be	be	AUX
ajebi-561	353	9	an	an	DET
ajebi-561	353	10	indication	indication	NOUN
ajebi-561	353	11	of	of	ADP
ajebi-561	353	12	the	the	DET
ajebi-561	353	13	problems	problem	NOUN
ajebi-561	353	14	and	and	CCONJ
ajebi-561	353	15	obstacles	obstacle	NOUN
ajebi-561	353	16	that	that	PRON
ajebi-561	353	17	china	china	PROPN
ajebi-561	353	18	’s	’s	PART
ajebi-561	353	19	future	future	ADJ
ajebi-561	353	20	high	high	ADJ
ajebi-561	353	21	-	-	PUNCT
ajebi-561	353	22	tech	tech	NOUN
ajebi-561	353	23	route	route	NOUN
ajebi-561	353	24	would	would	AUX
ajebi-561	353	25	provide	provide	VERB
ajebi-561	353	26	.	.	PUNCT
ajebi-561	354	1	this	this	DET
ajebi-561	354	2	article	article	NOUN
ajebi-561	354	3	provides	provide	VERB
ajebi-561	354	4	a	a	DET
ajebi-561	354	5	thorough	thorough	ADJ
ajebi-561	354	6	overview	overview	NOUN
ajebi-561	354	7	of	of	ADP
ajebi-561	354	8	the	the	DET
ajebi-561	354	9	history	history	NOUN
ajebi-561	354	10	and	and	CCONJ
ajebi-561	354	11	evolution	evolution	NOUN
ajebi-561	354	12	of	of	ADP
ajebi-561	354	13	tsmc	tsmc	PROPN
ajebi-561	354	14	and	and	CCONJ
ajebi-561	354	15	tsinghua	tsinghua	PROPN
ajebi-561	354	16	unigroup	unigroup	PROPN
ajebi-561	354	17	.	.	PUNCT
ajebi-561	355	1	in	in	ADP
ajebi-561	355	2	addition	addition	NOUN
ajebi-561	355	3	,	,	PUNCT
ajebi-561	355	4	we	we	PRON
ajebi-561	355	5	investigate	investigate	VERB
ajebi-561	355	6	the	the	DET
ajebi-561	355	7	viability	viability	NOUN
ajebi-561	355	8	and	and	CCONJ
ajebi-561	355	9	profitability	profitability	NOUN
ajebi-561	355	10	of	of	ADP
ajebi-561	355	11	a	a	DET
ajebi-561	355	12	merger	merger	NOUN
ajebi-561	355	13	between	between	ADP
ajebi-561	355	14	the	the	DET
ajebi-561	355	15	two	two	NUM
ajebi-561	355	16	firms	firm	NOUN
ajebi-561	355	17	.	.	PUNCT
ajebi-561	356	1	future	future	ADJ
ajebi-561	356	2	investors	investor	NOUN
ajebi-561	356	3	are	be	AUX
ajebi-561	356	4	supplied	supply	VERB
ajebi-561	356	5	with	with	ADP
ajebi-561	356	6	guidelines	guideline	NOUN
ajebi-561	356	7	and	and	CCONJ
ajebi-561	356	8	financial	financial	ADJ
ajebi-561	356	9	analysis	analysis	NOUN
ajebi-561	356	10	indicators	indicator	NOUN
ajebi-561	356	11	for	for	ADP
ajebi-561	356	12	analyzing	analyze	VERB
ajebi-561	356	13	comparable	comparable	ADJ
ajebi-561	356	14	enterprises	enterprise	NOUN
ajebi-561	356	15	on	on	ADP
ajebi-561	356	16	the	the	DET
ajebi-561	356	17	financial	financial	ADJ
ajebi-561	356	18	market	market	NOUN
ajebi-561	356	19	.	.	PUNCT
ajebi-561	357	1	the	the	DET
ajebi-561	357	2	study	study	NOUN
ajebi-561	357	3	has	have	VERB
ajebi-561	357	4	extensive	extensive	ADJ
ajebi-561	357	5	ramifications	ramification	NOUN
ajebi-561	357	6	.	.	PUNCT
ajebi-561	358	1	in	in	ADP
ajebi-561	358	2	the	the	DET
ajebi-561	358	3	future	future	NOUN
ajebi-561	358	4	,	,	PUNCT
ajebi-561	358	5	we	we	PRON
ajebi-561	358	6	will	will	AUX
ajebi-561	358	7	be	be	AUX
ajebi-561	358	8	able	able	ADJ
ajebi-561	358	9	to	to	PART
ajebi-561	358	10	examine	examine	VERB
ajebi-561	358	11	the	the	DET
ajebi-561	358	12	likelihood	likelihood	NOUN
ajebi-561	358	13	of	of	ADP
ajebi-561	358	14	tsmc	tsmc	PROPN
ajebi-561	358	15	’s	’s	PART
ajebi-561	358	16	continued	continue	VERB
ajebi-561	358	17	expansion	expansion	NOUN
ajebi-561	358	18	and	and	CCONJ
ajebi-561	358	19	the	the	DET
ajebi-561	358	20	acquisition	acquisition	NOUN
ajebi-561	358	21	of	of	ADP
ajebi-561	358	22	other	other	ADJ
ajebi-561	358	23	small	small	ADJ
ajebi-561	358	24	and	and	CCONJ
ajebi-561	358	25	medium	medium	ADJ
ajebi-561	358	26	-	-	PUNCT
ajebi-561	358	27	sized	sized	ADJ
ajebi-561	358	28	chip	chip	NOUN
ajebi-561	358	29	makers	maker	NOUN
ajebi-561	358	30	by	by	ADP
ajebi-561	358	31	combining	combine	VERB
ajebi-561	358	32	its	its	PRON
ajebi-561	358	33	recent	recent	ADJ
ajebi-561	358	34	growth	growth	NOUN
ajebi-561	358	35	and	and	CCONJ
ajebi-561	358	36	the	the	DET
ajebi-561	358	37	current	current	ADJ
ajebi-561	358	38	financial	financial	ADJ
ajebi-561	358	39	condition	condition	NOUN
ajebi-561	358	40	.	.	PUNCT
ajebi-561	359	1	references	reference	NOUN
ajebi-561	359	2	almeida	almeida	PROPN
ajebi-561	359	3	,	,	PUNCT
ajebi-561	359	4	p.	p.	PROPN
ajebi-561	359	5	,	,	PUNCT
ajebi-561	359	6	&	&	CCONJ
ajebi-561	359	7	kogut	kogut	PROPN
ajebi-561	359	8	,	,	PUNCT
ajebi-561	359	9	b.	b.	PROPN
ajebi-561	359	10	(	(	PUNCT
ajebi-561	359	11	1999	1999	NUM
ajebi-561	359	12	)	)	PUNCT
ajebi-561	359	13	.	.	PUNCT
ajebi-561	360	1	localization	localization	NOUN
ajebi-561	360	2	of	of	ADP
ajebi-561	360	3	knowledge	knowledge	NOUN
ajebi-561	360	4	and	and	CCONJ
ajebi-561	360	5	the	the	DET
ajebi-561	360	6	mobility	mobility	NOUN
ajebi-561	360	7	of	of	ADP
ajebi-561	360	8	engineers	engineer	NOUN
ajebi-561	360	9	in	in	ADP
ajebi-561	360	10	regional	regional	ADJ
ajebi-561	360	11	networks	network	NOUN
ajebi-561	360	12	.	.	PUNCT
ajebi-561	361	1	management	management	NOUN
ajebi-561	361	2	science	science	NOUN
ajebi-561	361	3	,	,	PUNCT
ajebi-561	361	4	45(7	45(7	NUM
ajebi-561	361	5	)	)	PUNCT
ajebi-561	361	6	,	,	PUNCT
ajebi-561	361	7	905–917	905–917	NUM
ajebi-561	361	8	.	.	PUNCT
ajebi-561	362	1	https://	https://	PROPN
ajebi-561	362	2	doi.org/10.1287/mnsc.45.7.905	doi.org/10.1287/mnsc.45.7.905	PROPN
ajebi-561	362	3	baum	baum	PROPN
ajebi-561	362	4	,	,	PUNCT
ajebi-561	362	5	j.	j.	PROPN
ajebi-561	362	6	a.	a.	PROPN
ajebi-561	362	7	c.	c.	PROPN
ajebi-561	362	8	,	,	PUNCT
ajebi-561	362	9	&	&	CCONJ
ajebi-561	362	10	ingram	ingram	PROPN
ajebi-561	362	11	,	,	PUNCT
ajebi-561	362	12	p.	p.	PROPN
ajebi-561	362	13	(	(	PUNCT
ajebi-561	362	14	1998	1998	NUM
ajebi-561	362	15	)	)	PUNCT
ajebi-561	362	16	.	.	PUNCT
ajebi-561	363	1	survival	survival	NOUN
ajebi-561	363	2	-	-	PUNCT
ajebi-561	363	3	enhancing	enhance	VERB
ajebi-561	363	4	learning	learning	NOUN
ajebi-561	363	5	in	in	ADP
ajebi-561	363	6	the	the	DET
ajebi-561	363	7	manhattan	manhattan	PROPN
ajebi-561	363	8	hotel	hotel	NOUN
ajebi-561	363	9	industry	industry	NOUN
ajebi-561	363	10	,	,	PUNCT
ajebi-561	363	11	1898–1980	1898–1980	NUM
ajebi-561	363	12	.	.	PUNCT
ajebi-561	364	1	management	management	NOUN
ajebi-561	364	2	science	science	NOUN
ajebi-561	364	3	,	,	PUNCT
ajebi-561	364	4	44(7	44(7	NOUN
ajebi-561	364	5	)	)	PUNCT
ajebi-561	364	6	,	,	PUNCT
ajebi-561	364	7	996–1016	996–1016	NUM
ajebi-561	364	8	.	.	PUNCT
ajebi-561	365	1	https://doi	https://doi	NOUN
ajebi-561	365	2	.	.	PUNCT
ajebi-561	365	3	org/10.1287	org/10.1287	NUM
ajebi-561	365	4	/	/	SYM
ajebi-561	365	5	mnsc.44.7.996	mnsc.44.7.996	NOUN
ajebi-561	365	6	biggart	biggart	NOUN
ajebi-561	365	7	,	,	PUNCT
ajebi-561	365	8	n.	n.	PROPN
ajebi-561	365	9	w.	w.	PROPN
ajebi-561	365	10	(	(	PUNCT
ajebi-561	365	11	1996	1996	NUM
ajebi-561	365	12	)	)	PUNCT
ajebi-561	365	13	.	.	PUNCT
ajebi-561	366	1	enterprise	enterprise	NOUN
ajebi-561	366	2	and	and	CCONJ
ajebi-561	366	3	the	the	DET
ajebi-561	366	4	state	state	NOUN
ajebi-561	366	5	in	in	ADP
ajebi-561	366	6	korea	korea	PROPN
ajebi-561	366	7	and	and	CCONJ
ajebi-561	366	8	taiwan	taiwan	PROPN
ajebi-561	366	9	.	.	PUNCT
ajebi-561	367	1	american	american	PROPN
ajebi-561	367	2	journal	journal	PROPN
ajebi-561	367	3	of	of	ADP
ajebi-561	367	4	sociology	sociology	NOUN
ajebi-561	367	5	,	,	PUNCT
ajebi-561	367	6	101(6	101(6	NUM
ajebi-561	367	7	)	)	PUNCT
ajebi-561	367	8	,	,	PUNCT
ajebi-561	367	9	1726	1726	NUM
ajebi-561	367	10	–	–	PUNCT
ajebi-561	367	11	1727	1727	NUM
ajebi-561	367	12	.	.	PUNCT
ajebi-561	368	1	https://doi.org/10.1086/230876	https://doi.org/10.1086/230876	PROPN
ajebi-561	368	2	cai	cai	PROPN
ajebi-561	368	3	,	,	PUNCT
ajebi-561	368	4	y.	y.	PROPN
ajebi-561	368	5	,	,	PUNCT
ajebi-561	368	6	zhang	zhang	PROPN
ajebi-561	368	7	,	,	PUNCT
ajebi-561	368	8	h.	h.	PROPN
ajebi-561	368	9	,	,	PUNCT
ajebi-561	368	10	&	&	CCONJ
ajebi-561	368	11	pinheiro	pinheiro	PROPN
ajebi-561	368	12	,	,	PUNCT
ajebi-561	368	13	r.	r.	PROPN
ajebi-561	368	14	(	(	PUNCT
ajebi-561	368	15	2015	2015	NUM
ajebi-561	368	16	)	)	PUNCT
ajebi-561	368	17	.	.	PUNCT
ajebi-561	369	1	institutionalization	institutionalization	NOUN
ajebi-561	369	2	of	of	ADP
ajebi-561	369	3	technology	technology	NOUN
ajebi-561	369	4	transfer	transfer	NOUN
ajebi-561	369	5	organizations	organization	NOUN
ajebi-561	369	6	in	in	ADP
ajebi-561	369	7	chinese	chinese	ADJ
ajebi-561	369	8	universities	university	NOUN
ajebi-561	369	9	.	.	PUNCT
ajebi-561	370	1	european	european	ADJ
ajebi-561	370	2	journal	journal	PROPN
ajebi-561	370	3	of	of	ADP
ajebi-561	370	4	higher	high	ADJ
ajebi-561	370	5	education	education	NOUN
ajebi-561	370	6	,	,	PUNCT
ajebi-561	370	7	5(3	5(3	NUM
ajebi-561	370	8	)	)	PUNCT
ajebi-561	370	9	,	,	PUNCT
ajebi-561	370	10	297–315	297–315	NUM
ajebi-561	370	11	.	.	PUNCT
ajebi-561	371	1	https://doi.org/10.1080/21568235.2015.1	https://doi.org/10.1080/21568235.2015.1	PROPN
ajebi-561	371	2	044548	044548	NUM
ajebi-561	371	3	chang	chang	PROPN
ajebi-561	371	4	,	,	PUNCT
ajebi-561	371	5	m.	m.	NOUN
ajebi-561	371	6	(	(	PUNCT
ajebi-561	371	7	2011	2011	NUM
ajebi-561	371	8	)	)	PUNCT
ajebi-561	371	9	.	.	PUNCT
ajebi-561	372	1	pure	pure	ADJ
ajebi-561	372	2	play	play	NOUN
ajebi-561	372	3	.	.	PUNCT
ajebi-561	373	1	ieee	ieee	PROPN
ajebi-561	373	2	solid	solid	ADJ
ajebi-561	373	3	-	-	PUNCT
ajebi-561	373	4	state	state	NOUN
ajebi-561	373	5	circuits	circuit	NOUN
ajebi-561	373	6	magazine	magazine	NOUN
ajebi-561	373	7	,	,	PUNCT
ajebi-561	373	8	3(4	3(4	NUM
ajebi-561	373	9	)	)	PUNCT
ajebi-561	373	10	,	,	PUNCT
ajebi-561	373	11	21–24	21–24	NUM
ajebi-561	373	12	.	.	PUNCT
ajebi-561	374	1	https://doi.org/10.1109/	https://doi.org/10.1109/	PROPN
ajebi-561	374	2	mssc.2011.942450	mssc.2011.942450	PROPN
ajebi-561	374	3	chao	chao	PROPN
ajebi-561	374	4	,	,	PUNCT
ajebi-561	374	5	c.-h	c.-h	PROPN
ajebi-561	374	6	.	.	PUNCT
ajebi-561	375	1	(	(	PUNCT
ajebi-561	375	2	2012	2012	NUM
ajebi-561	375	3	)	)	PUNCT
ajebi-561	375	4	.	.	PUNCT
ajebi-561	376	1	the	the	DET
ajebi-561	376	2	influence	influence	NOUN
ajebi-561	376	3	of	of	ADP
ajebi-561	376	4	capital	capital	NOUN
ajebi-561	376	5	structure	structure	NOUN
ajebi-561	376	6	on	on	ADP
ajebi-561	376	7	organizational	organizational	ADJ
ajebi-561	376	8	performance	performance	NOUN
ajebi-561	376	9	at	at	ADP
ajebi-561	376	10	taiwan	taiwan	NOUN
ajebi-561	376	11	-	-	PUNCT
ajebi-561	376	12	listed	list	VERB
ajebi-561	376	13	info	info	NOUN
ajebi-561	376	14	-	-	PUNCT
ajebi-561	376	15	electronics	electronic	NOUN
ajebi-561	376	16	companies	company	NOUN
ajebi-561	376	17	:	:	PUNCT
ajebi-561	376	18	using	use	VERB
ajebi-561	376	19	corporate	corporate	ADJ
ajebi-561	376	20	governance	governance	NOUN
ajebi-561	376	21	as	as	ADP
ajebi-561	376	22	the	the	DET
ajebi-561	376	23	moderator	moderator	NOUN
ajebi-561	376	24	.	.	PUNCT
ajebi-561	377	1	american	american	PROPN
ajebi-561	377	2	journal	journal	PROPN
ajebi-561	377	3	of	of	ADP
ajebi-561	377	4	business	business	NOUN
ajebi-561	377	5	and	and	CCONJ
ajebi-561	377	6	management	management	NOUN
ajebi-561	377	7	,	,	PUNCT
ajebi-561	377	8	1(1	1(1	NUM
ajebi-561	377	9	)	)	PUNCT
ajebi-561	377	10	,	,	PUNCT
ajebi-561	377	11	60	60	NUM
ajebi-561	377	12	.	.	PUNCT
ajebi-561	378	1	https://doi	https://doi	X
ajebi-561	378	2	.	.	PUNCT
ajebi-561	378	3	org/10.11634/21679606170694	org/10.11634/21679606170694	PROPN
ajebi-561	378	4	chen	chen	PROPN
ajebi-561	378	5	,	,	PUNCT
ajebi-561	378	6	j.	j.	PROPN
ajebi-561	378	7	y.	y.	PROPN
ajebi-561	378	8	(	(	PUNCT
ajebi-561	378	9	2020	2020	NUM
ajebi-561	378	10	)	)	PUNCT
ajebi-561	378	11	.	.	PUNCT
ajebi-561	379	1	the	the	DET
ajebi-561	379	2	mirage	mirage	NOUN
ajebi-561	379	3	and	and	CCONJ
ajebi-561	379	4	politics	politic	NOUN
ajebi-561	379	5	of	of	ADP
ajebi-561	379	6	participation	participation	NOUN
ajebi-561	379	7	in	in	ADP
ajebi-561	379	8	china	china	PROPN
ajebi-561	379	9	’s	’s	PART
ajebi-561	379	10	platform	platform	NOUN
ajebi-561	379	11	economy	economy	NOUN
ajebi-561	379	12	.	.	PUNCT
ajebi-561	380	1	javnost	javnost	VERB
ajebi-561	380	2	the	the	DET
ajebi-561	380	3	public	public	NOUN
ajebi-561	380	4	,	,	PUNCT
ajebi-561	380	5	27(2	27(2	NUM
ajebi-561	380	6	)	)	PUNCT
ajebi-561	380	7	,	,	PUNCT
ajebi-561	380	8	154–170	154–170	NUM
ajebi-561	380	9	.	.	PUNCT
ajebi-561	381	1	https://doi.org/10.1080/13183222	https://doi.org/10.1080/13183222	NOUN
ajebi-561	381	2	.	.	PUNCT
ajebi-561	382	1	2020.1727271	2020.1727271	NUM
ajebi-561	382	2	chen	chen	PROPN
ajebi-561	382	3	,	,	PUNCT
ajebi-561	382	4	t.-c	t.-c	PROPN
ajebi-561	382	5	.	.	PROPN
ajebi-561	382	6	,	,	PUNCT
ajebi-561	382	7	guo	guo	PROPN
ajebi-561	382	8	,	,	PUNCT
ajebi-561	382	9	d.-q	d.-q	PROPN
ajebi-561	382	10	.	.	PROPN
ajebi-561	382	11	,	,	PUNCT
ajebi-561	382	12	chen	chen	PROPN
ajebi-561	382	13	,	,	PUNCT
ajebi-561	382	14	h.-m	h.-m	PROPN
ajebi-561	382	15	.	.	PUNCT
ajebi-561	382	16	,	,	PUNCT
ajebi-561	382	17	&	&	CCONJ
ajebi-561	382	18	wei	wei	PROPN
ajebi-561	382	19	,	,	PUNCT
ajebi-561	382	20	t.-t	t.-t	NOUN
ajebi-561	382	21	.	.	PUNCT
ajebi-561	383	1	(	(	PUNCT
ajebi-561	383	2	2019	2019	NUM
ajebi-561	383	3	)	)	PUNCT
ajebi-561	383	4	.	.	PUNCT
ajebi-561	384	1	effects	effect	NOUN
ajebi-561	384	2	of	of	ADP
ajebi-561	384	3	r&d	r&d	NOUN
ajebi-561	384	4	intensity	intensity	NOUN
ajebi-561	384	5	on	on	ADP
ajebi-561	384	6	firm	firm	ADJ
ajebi-561	384	7	performance	performance	NOUN
ajebi-561	384	8	in	in	ADP
ajebi-561	384	9	taiwan	taiwan	PROPN
ajebi-561	384	10	’s	’s	PART
ajebi-561	384	11	semiconductor	semiconductor	NOUN
ajebi-561	384	12	industry	industry	NOUN
ajebi-561	384	13	.	.	PUNCT
ajebi-561	385	1	economic	economic	ADJ
ajebi-561	385	2	researchekonomska	researchekonomska	NOUN
ajebi-561	385	3	istraživanja	istraživanja	PROPN
ajebi-561	385	4	,	,	PUNCT
ajebi-561	385	5	32(1	32(1	NUM
ajebi-561	385	6	)	)	PUNCT
ajebi-561	385	7	,	,	PUNCT
ajebi-561	385	8	2377–2392	2377–2392	NUM
ajebi-561	385	9	.	.	PUNCT
ajebi-561	386	1	https://doi	https://doi	PROPN
ajebi-561	386	2	.	.	PUNCT
ajebi-561	386	3	org/10.1080/1331677x.2019.1642776	org/10.1080/1331677x.2019.1642776	PROPN
ajebi-561	386	4	chien	chien	PROPN
ajebi-561	386	5	,	,	PUNCT
ajebi-561	386	6	c.	c.	PROPN
ajebi-561	386	7	f.	f.	PROPN
ajebi-561	386	8	,	,	PUNCT
ajebi-561	386	9	shih	shih	PROPN
ajebi-561	386	10	,	,	PUNCT
ajebi-561	386	11	c.	c.	PROPN
ajebi-561	386	12	,	,	PUNCT
ajebi-561	386	13	&	&	CCONJ
ajebi-561	386	14	chang	chang	PROPN
ajebi-561	386	15	,	,	PUNCT
ajebi-561	386	16	j.	j.	PROPN
ajebi-561	386	17	(	(	PUNCT
ajebi-561	386	18	2009	2009	NUM
ajebi-561	386	19	)	)	PUNCT
ajebi-561	386	20	.	.	PUNCT
ajebi-561	387	1	the	the	DET
ajebi-561	387	2	tsmc	tsmc	PROPN
ajebi-561	387	3	way	way	NOUN
ajebi-561	387	4	:	:	PUNCT
ajebi-561	387	5	meeting	meet	VERB
ajebi-561	387	6	customer	customer	NOUN
ajebi-561	387	7	needs	need	VERB
ajebi-561	387	8	at	at	ADP
ajebi-561	387	9	taiwan	taiwan	PROPN
ajebi-561	387	10	semiconductor	semiconductor	NOUN
ajebi-561	387	11	manufacturing	manufacturing	PROPN
ajebi-561	387	12	co.	co.	PROPN
ajebi-561	387	13	harvard	harvard	PROPN
ajebi-561	387	14	business	business	PROPN
ajebi-561	387	15	school	school	PROPN
ajebi-561	387	16	technology	technology	PROPN
ajebi-561	387	17	&	&	CCONJ
ajebi-561	387	18	operations	operation	NOUN
ajebi-561	387	19	mgt	mgt	NOUN
ajebi-561	387	20	.	.	PUNCT
ajebi-561	388	1	unit	unit	NOUN
ajebi-561	388	2	case	case	NOUN
ajebi-561	388	3	,	,	PUNCT
ajebi-561	388	4	(	(	PUNCT
ajebi-561	388	5	610	610	NUM
ajebi-561	388	6	-	-	SYM
ajebi-561	388	7	003	003	NUM
ajebi-561	388	8	)	)	PUNCT
ajebi-561	388	9	.	.	PUNCT
ajebi-561	389	1	edgington	edgington	PROPN
ajebi-561	389	2	,	,	PUNCT
ajebi-561	389	3	d.	d.	PROPN
ajebi-561	389	4	w.	w.	PROPN
ajebi-561	389	5	,	,	PUNCT
ajebi-561	389	6	&	&	CCONJ
ajebi-561	389	7	hayter	hayter	PROPN
ajebi-561	389	8	,	,	PUNCT
ajebi-561	389	9	r.	r.	PROPN
ajebi-561	389	10	(	(	PUNCT
ajebi-561	389	11	2000	2000	NUM
ajebi-561	389	12	)	)	PUNCT
ajebi-561	389	13	.	.	PUNCT
ajebi-561	390	1	foreign	foreign	ADJ
ajebi-561	390	2	direct	direct	ADJ
ajebi-561	390	3	investment	investment	NOUN
ajebi-561	390	4	and	and	CCONJ
ajebi-561	390	5	the	the	DET
ajebi-561	390	6	flying	fly	VERB
ajebi-561	390	7	geese	geese	ADJ
ajebi-561	390	8	model	model	NOUN
ajebi-561	390	9	:	:	PUNCT
ajebi-561	390	10	japanese	japanese	ADJ
ajebi-561	390	11	electronics	electronic	NOUN
ajebi-561	390	12	firms	firm	NOUN
ajebi-561	390	13	in	in	ADP
ajebi-561	390	14	asia	asia	PROPN
ajebi-561	390	15	-	-	PUNCT
ajebi-561	390	16	pacific	pacific	PROPN
ajebi-561	390	17	.	.	PUNCT
ajebi-561	390	18	environment	environment	NOUN
ajebi-561	390	19	and	and	CCONJ
ajebi-561	390	20	planning	plan	VERB
ajebi-561	390	21	a	a	DET
ajebi-561	390	22	:	:	PUNCT
ajebi-561	390	23	economy	economy	NOUN
ajebi-561	390	24	and	and	CCONJ
ajebi-561	390	25	space	space	NOUN
ajebi-561	390	26	,	,	PUNCT
ajebi-561	390	27	32(2	32(2	NUM
ajebi-561	390	28	)	)	PUNCT
ajebi-561	390	29	,	,	PUNCT
ajebi-561	390	30	281–304	281–304	NUM
ajebi-561	390	31	.	.	PUNCT
ajebi-561	391	1	https://	https://	PROPN
ajebi-561	391	2	doi.org/10.1068/a31171	doi.org/10.1068/a31171	PROPN
ajebi-561	391	3	ernst	ernst	PROPN
ajebi-561	391	4	,	,	PUNCT
ajebi-561	391	5	d.	d.	PROPN
ajebi-561	391	6	,	,	PUNCT
ajebi-561	391	7	lee	lee	PROPN
ajebi-561	391	8	,	,	PUNCT
ajebi-561	391	9	h.	h.	PROPN
ajebi-561	391	10	,	,	PUNCT
ajebi-561	391	11	&	&	CCONJ
ajebi-561	391	12	kwak	kwak	PROPN
ajebi-561	391	13	,	,	PUNCT
ajebi-561	391	14	j.	j.	PROPN
ajebi-561	391	15	(	(	PUNCT
ajebi-561	391	16	2014	2014	NUM
ajebi-561	391	17	)	)	PUNCT
ajebi-561	391	18	.	.	PUNCT
ajebi-561	392	1	standards	standard	NOUN
ajebi-561	392	2	,	,	PUNCT
ajebi-561	392	3	innovation	innovation	NOUN
ajebi-561	392	4	,	,	PUNCT
ajebi-561	392	5	and	and	CCONJ
ajebi-561	392	6	latecomer	latecomer	NOUN
ajebi-561	392	7	economic	economic	ADJ
ajebi-561	392	8	development	development	NOUN
ajebi-561	392	9	:	:	PUNCT
ajebi-561	392	10	conceptual	conceptual	ADJ
ajebi-561	392	11	issues	issue	NOUN
ajebi-561	392	12	and	and	CCONJ
ajebi-561	392	13	policy	policy	NOUN
ajebi-561	392	14	challenges	challenge	NOUN
ajebi-561	392	15	.	.	PUNCT
ajebi-561	393	1	telecommunications	telecommunication	NOUN
ajebi-561	393	2	policy	policy	NOUN
ajebi-561	393	3	,	,	PUNCT
ajebi-561	393	4	38(10	38(10	PROPN
ajebi-561	393	5	)	)	PUNCT
ajebi-561	393	6	,	,	PUNCT
ajebi-561	393	7	853–862	853–862	NUM
ajebi-561	393	8	.	.	PUNCT
ajebi-561	394	1	https://doi.org/10.1016/j	https://doi.org/10.1016/j	NOUN
ajebi-561	394	2	.	.	PUNCT
ajebi-561	395	1	telpol.2014.09.009	telpol.2014.09.009	X
ajebi-561	395	2	hauge	hauge	PROPN
ajebi-561	395	3	,	,	PUNCT
ajebi-561	395	4	j.	j.	PROPN
ajebi-561	395	5	(	(	PUNCT
ajebi-561	395	6	2019	2019	NUM
ajebi-561	395	7	)	)	PUNCT
ajebi-561	395	8	.	.	PUNCT
ajebi-561	396	1	the	the	DET
ajebi-561	396	2	role	role	NOUN
ajebi-561	396	3	of	of	ADP
ajebi-561	396	4	manufacturing	manufacturing	NOUN
ajebi-561	396	5	versus	versus	ADP
ajebi-561	396	6	services	service	NOUN
ajebi-561	396	7	in	in	ADP
ajebi-561	396	8	economic	economic	ADJ
ajebi-561	396	9	development	development	NOUN
ajebi-561	396	10	.	.	PUNCT
ajebi-561	397	1	in	in	ADP
ajebi-561	397	2	transforming	transform	VERB
ajebi-561	397	3	industrial	industrial	ADJ
ajebi-561	397	4	policy	policy	NOUN
ajebi-561	397	5	for	for	ADP
ajebi-561	397	6	the	the	DET
ajebi-561	397	7	digital	digital	ADJ
ajebi-561	397	8	age	age	NOUN
ajebi-561	397	9	(	(	PUNCT
ajebi-561	397	10	pp	pp	ADJ
ajebi-561	397	11	.	.	PUNCT
ajebi-561	397	12	12–36	12–36	NUM
ajebi-561	397	13	)	)	PUNCT
ajebi-561	397	14	.	.	PUNCT
ajebi-561	398	1	edward	edward	PROPN
ajebi-561	398	2	elgar	elgar	PROPN
ajebi-561	398	3	publishing	publishing	PROPN
ajebi-561	398	4	.	.	PUNCT
ajebi-561	399	1	heikal	heikal	NOUN
ajebi-561	399	2	,	,	PUNCT
ajebi-561	399	3	m.	m.	NOUN
ajebi-561	399	4	,	,	PUNCT
ajebi-561	399	5	khaddafi	khaddafi	PROPN
ajebi-561	399	6	,	,	PUNCT
ajebi-561	399	7	m.	m.	NOUN
ajebi-561	399	8	,	,	PUNCT
ajebi-561	399	9	&	&	CCONJ
ajebi-561	399	10	ummah	ummah	PROPN
ajebi-561	399	11	,	,	PUNCT
ajebi-561	399	12	a.	a.	NOUN
ajebi-561	399	13	(	(	PUNCT
ajebi-561	399	14	2014	2014	NUM
ajebi-561	399	15	)	)	PUNCT
ajebi-561	399	16	.	.	PUNCT
ajebi-561	400	1	influence	influence	NOUN
ajebi-561	400	2	analysis	analysis	NOUN
ajebi-561	400	3	of	of	ADP
ajebi-561	400	4	return	return	NOUN
ajebi-561	400	5	on	on	ADP
ajebi-561	400	6	assets	asset	NOUN
ajebi-561	400	7	(	(	PUNCT
ajebi-561	400	8	roa	roa	NOUN
ajebi-561	400	9	)	)	PUNCT
ajebi-561	400	10	,	,	PUNCT
ajebi-561	400	11	return	return	VERB
ajebi-561	400	12	on	on	ADP
ajebi-561	400	13	equity	equity	NOUN
ajebi-561	400	14	(	(	PUNCT
ajebi-561	400	15	roe	roe	PROPN
ajebi-561	400	16	)	)	PUNCT
ajebi-561	400	17	,	,	PUNCT
ajebi-561	400	18	net	net	ADJ
ajebi-561	400	19	profit	profit	NOUN
ajebi-561	400	20	margin	margin	NOUN
ajebi-561	400	21	(	(	PUNCT
ajebi-561	400	22	npm	npm	PROPN
ajebi-561	400	23	)	)	PUNCT
ajebi-561	400	24	,	,	PUNCT
ajebi-561	400	25	debt	debt	NOUN
ajebi-561	400	26	to	to	ADP
ajebi-561	400	27	equity	equity	NOUN
ajebi-561	400	28	ratio	ratio	NOUN
ajebi-561	400	29	(	(	PUNCT
ajebi-561	400	30	der	der	NOUN
ajebi-561	400	31	)	)	PUNCT
ajebi-561	400	32	,	,	PUNCT
ajebi-561	400	33	and	and	CCONJ
ajebi-561	400	34	current	current	ADJ
ajebi-561	400	35	ratio	ratio	NOUN
ajebi-561	400	36	(	(	PUNCT
ajebi-561	400	37	cr	cr	NOUN
ajebi-561	400	38	)	)	PUNCT
ajebi-561	400	39	,	,	PUNCT
ajebi-561	400	40	against	against	ADP
ajebi-561	400	41	corporate	corporate	ADJ
ajebi-561	400	42	profit	profit	NOUN
ajebi-561	400	43	growth	growth	NOUN
ajebi-561	400	44	in	in	ADP
ajebi-561	400	45	automotive	automotive	ADJ
ajebi-561	400	46	in	in	ADP
ajebi-561	400	47	indonesia	indonesia	PROPN
ajebi-561	400	48	stock	stock	PROPN
ajebi-561	400	49	exchange	exchange	PROPN
ajebi-561	400	50	.	.	PUNCT
ajebi-561	401	1	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	401	2	pa	pa	PROPN
ajebi-561	401	3	ge	ge	PROPN
ajebi-561	401	4	35	35	NUM
ajebi-561	401	5	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	NUM
ajebi-561	401	6	am	am	NOUN
ajebi-561	401	7	.	.	PUNCT
ajebi-561	402	1	j.	j.	PROPN
ajebi-561	402	2	econ	econ	PROPN
ajebi-561	402	3	.	.	PUNCT
ajebi-561	402	4	bus	bus	PROPN
ajebi-561	402	5	.	.	PUNCT
ajebi-561	403	1	innov	innov	PROPN
ajebi-561	403	2	.	.	PUNCT
ajebi-561	404	1	1(3	1(3	NUM
ajebi-561	404	2	)	)	PUNCT
ajebi-561	404	3	24	24	NUM
ajebi-561	404	4	-	-	SYM
ajebi-561	404	5	35	35	NUM
ajebi-561	404	6	,	,	PUNCT
ajebi-561	404	7	2022	2022	NUM
ajebi-561	404	8	international	international	ADJ
ajebi-561	404	9	journal	journal	NOUN
ajebi-561	404	10	of	of	ADP
ajebi-561	404	11	academic	academic	ADJ
ajebi-561	404	12	research	research	NOUN
ajebi-561	404	13	in	in	ADP
ajebi-561	404	14	business	business	NOUN
ajebi-561	404	15	and	and	CCONJ
ajebi-561	404	16	social	social	ADJ
ajebi-561	404	17	sciences	science	NOUN
ajebi-561	404	18	,	,	PUNCT
ajebi-561	404	19	4(12	4(12	NUM
ajebi-561	404	20	)	)	PUNCT
ajebi-561	404	21	.	.	PUNCT
ajebi-561	405	1	https://doi.org/10.6007/ijarbss/	https://doi.org/10.6007/ijarbss/	PROPN
ajebi-561	405	2	v4	v4	PROPN
ajebi-561	405	3	-	-	PUNCT
ajebi-561	405	4	i12/1331	i12/1331	PROPN
ajebi-561	405	5	hobday	hobday	PROPN
ajebi-561	405	6	,	,	PUNCT
ajebi-561	405	7	m.	m.	NOUN
ajebi-561	405	8	(	(	PUNCT
ajebi-561	405	9	1998	1998	NUM
ajebi-561	405	10	)	)	PUNCT
ajebi-561	405	11	.	.	PUNCT
ajebi-561	406	1	latecomer	latecomer	PROPN
ajebi-561	406	2	catch	catch	PROPN
ajebi-561	406	3	-	-	PUNCT
ajebi-561	406	4	up	up	ADP
ajebi-561	406	5	strategies	strategy	NOUN
ajebi-561	406	6	in	in	ADP
ajebi-561	406	7	electronics	electronic	NOUN
ajebi-561	406	8	:	:	PUNCT
ajebi-561	406	9	samsung	samsung	PROPN
ajebi-561	406	10	of	of	ADP
ajebi-561	406	11	korea	korea	PROPN
ajebi-561	406	12	and	and	CCONJ
ajebi-561	406	13	acer	acer	NOUN
ajebi-561	406	14	of	of	ADP
ajebi-561	406	15	taiwan	taiwan	PROPN
ajebi-561	406	16	.	.	PUNCT
ajebi-561	407	1	asia	asia	PROPN
ajebi-561	407	2	pacific	pacific	PROPN
ajebi-561	407	3	business	business	PROPN
ajebi-561	407	4	review	review	PROPN
ajebi-561	407	5	,	,	PUNCT
ajebi-561	407	6	4(2	4(2	NUM
ajebi-561	407	7	-	-	PUNCT
ajebi-561	407	8	3	3	NUM
ajebi-561	407	9	)	)	PUNCT
ajebi-561	407	10	,	,	PUNCT
ajebi-561	407	11	48–83	48–83	X
ajebi-561	407	12	.	.	PUNCT
ajebi-561	408	1	https://doi	https://doi	NOUN
ajebi-561	408	2	.	.	PUNCT
ajebi-561	408	3	org/10.1080/13602389812331288364	org/10.1080/13602389812331288364	ADJ
ajebi-561	408	4	hsu	hsu	PROPN
ajebi-561	408	5	,	,	PUNCT
ajebi-561	408	6	j.	j.	PROPN
ajebi-561	408	7	y.	y.	PROPN
ajebi-561	408	8	(	(	PUNCT
ajebi-561	408	9	2012	2012	NUM
ajebi-561	408	10	)	)	PUNCT
ajebi-561	408	11	.	.	PUNCT
ajebi-561	409	1	new	new	ADJ
ajebi-561	409	2	firm	firm	ADJ
ajebi-561	409	3	formation	formation	NOUN
ajebi-561	409	4	and	and	CCONJ
ajebi-561	409	5	technical	technical	ADJ
ajebi-561	409	6	upgrading	upgrading	NOUN
ajebi-561	409	7	in	in	ADP
ajebi-561	409	8	the	the	DET
ajebi-561	409	9	taiwanese	taiwanese	ADJ
ajebi-561	409	10	semiconductor	semiconductor	NOUN
ajebi-561	409	11	industry	industry	NOUN
ajebi-561	409	12	:	:	PUNCT
ajebi-561	409	13	is	be	AUX
ajebi-561	409	14	petty	petty	ADJ
ajebi-561	409	15	commodity	commodity	NOUN
ajebi-561	409	16	production	production	NOUN
ajebi-561	409	17	still	still	ADV
ajebi-561	409	18	relevant	relevant	ADJ
ajebi-561	409	19	to	to	ADP
ajebi-561	409	20	high	high	ADJ
ajebi-561	409	21	-	-	PUNCT
ajebi-561	409	22	technology	technology	NOUN
ajebi-561	409	23	development	development	NOUN
ajebi-561	409	24	?	?	PUNCT
ajebi-561	409	25	.	.	PUNCT
ajebi-561	410	1	petty	petty	ADJ
ajebi-561	410	2	capitalists	capitalist	NOUN
ajebi-561	410	3	and	and	CCONJ
ajebi-561	410	4	globalization	globalization	NOUN
ajebi-561	410	5	,	,	PUNCT
ajebi-561	410	6	145	145	NUM
ajebi-561	410	7	.	.	PUNCT
ajebi-561	411	1	ip	ip	PROPN
ajebi-561	411	2	,	,	PUNCT
ajebi-561	411	3	p.-k	p.-k	PROPN
ajebi-561	411	4	.	.	PUNCT
ajebi-561	412	1	(	(	PUNCT
ajebi-561	412	2	2008	2008	NUM
ajebi-561	412	3	)	)	PUNCT
ajebi-561	412	4	.	.	PUNCT
ajebi-561	413	1	corporate	corporate	ADJ
ajebi-561	413	2	social	social	ADJ
ajebi-561	413	3	responsibility	responsibility	NOUN
ajebi-561	413	4	and	and	CCONJ
ajebi-561	413	5	crony	crony	NOUN
ajebi-561	413	6	capitalism	capitalism	NOUN
ajebi-561	413	7	in	in	ADP
ajebi-561	413	8	taiwan	taiwan	PROPN
ajebi-561	413	9	.	.	PUNCT
ajebi-561	414	1	journal	journal	PROPN
ajebi-561	414	2	of	of	ADP
ajebi-561	414	3	business	business	NOUN
ajebi-561	414	4	ethics	ethic	NOUN
ajebi-561	414	5	,	,	PUNCT
ajebi-561	414	6	79(1	79(1	NUM
ajebi-561	414	7	–	–	PUNCT
ajebi-561	414	8	2	2	NUM
ajebi-561	414	9	)	)	PUNCT
ajebi-561	414	10	,	,	PUNCT
ajebi-561	414	11	167–177	167–177	NUM
ajebi-561	414	12	.	.	PUNCT
ajebi-561	415	1	https://doi.org/10.1007/s10551-0079385-5	https://doi.org/10.1007/s10551-0079385-5	NOUN
ajebi-561	415	2	jaggi	jaggi	VERB
ajebi-561	415	3	,	,	PUNCT
ajebi-561	415	4	b.	b.	PROPN
ajebi-561	415	5	,	,	PUNCT
ajebi-561	415	6	&	&	CCONJ
ajebi-561	415	7	gul	gul	PROPN
ajebi-561	415	8	,	,	PUNCT
ajebi-561	415	9	f.	f.	PROPN
ajebi-561	415	10	a.	a.	PROPN
ajebi-561	415	11	(	(	PUNCT
ajebi-561	415	12	1999	1999	NUM
ajebi-561	415	13	)	)	PUNCT
ajebi-561	415	14	.	.	PUNCT
ajebi-561	416	1	an	an	DET
ajebi-561	416	2	analysis	analysis	NOUN
ajebi-561	416	3	of	of	ADP
ajebi-561	416	4	joint	joint	ADJ
ajebi-561	416	5	effects	effect	NOUN
ajebi-561	416	6	of	of	ADP
ajebi-561	416	7	investment	investment	NOUN
ajebi-561	416	8	opportunity	opportunity	NOUN
ajebi-561	416	9	set	set	NOUN
ajebi-561	416	10	,	,	PUNCT
ajebi-561	416	11	free	free	ADJ
ajebi-561	416	12	cash	cash	NOUN
ajebi-561	416	13	flows	flow	NOUN
ajebi-561	416	14	and	and	CCONJ
ajebi-561	416	15	size	size	NOUN
ajebi-561	416	16	on	on	ADP
ajebi-561	416	17	corporate	corporate	ADJ
ajebi-561	416	18	debt	debt	NOUN
ajebi-561	416	19	policy	policy	NOUN
ajebi-561	416	20	.	.	PUNCT
ajebi-561	417	1	review	review	NOUN
ajebi-561	417	2	of	of	ADP
ajebi-561	417	3	quantitative	quantitative	ADJ
ajebi-561	417	4	finance	finance	NOUN
ajebi-561	417	5	and	and	CCONJ
ajebi-561	417	6	accounting	accounting	NOUN
ajebi-561	417	7	,	,	PUNCT
ajebi-561	417	8	12(4	12(4	NUM
ajebi-561	417	9	)	)	PUNCT
ajebi-561	417	10	,	,	PUNCT
ajebi-561	417	11	371	371	NUM
ajebi-561	417	12	-	-	SYM
ajebi-561	417	13	381	381	NUM
ajebi-561	417	14	.	.	PUNCT
ajebi-561	418	1	https://doi	https://doi	PROPN
ajebi-561	418	2	.	.	PUNCT
ajebi-561	419	1	org/10.1023	org/10.1023	PROPN
ajebi-561	419	2	/	/	SYM
ajebi-561	419	3	a:1008354509316	a:1008354509316	PROPN
ajebi-561	419	4	kim	kim	PROPN
ajebi-561	419	5	,	,	PUNCT
ajebi-561	419	6	l.	l.	PROPN
ajebi-561	419	7	(	(	PUNCT
ajebi-561	419	8	1980	1980	NUM
ajebi-561	419	9	)	)	PUNCT
ajebi-561	419	10	.	.	PUNCT
ajebi-561	420	1	stages	stage	NOUN
ajebi-561	420	2	of	of	ADP
ajebi-561	420	3	development	development	NOUN
ajebi-561	420	4	of	of	ADP
ajebi-561	420	5	industrial	industrial	ADJ
ajebi-561	420	6	technology	technology	NOUN
ajebi-561	420	7	in	in	ADP
ajebi-561	420	8	a	a	DET
ajebi-561	420	9	developing	develop	VERB
ajebi-561	420	10	country	country	NOUN
ajebi-561	420	11	:	:	PUNCT
ajebi-561	420	12	a	a	DET
ajebi-561	420	13	model	model	NOUN
ajebi-561	420	14	.	.	PUNCT
ajebi-561	421	1	research	research	NOUN
ajebi-561	421	2	policy	policy	NOUN
ajebi-561	421	3	,	,	PUNCT
ajebi-561	421	4	9(3	9(3	NUM
ajebi-561	421	5	)	)	PUNCT
ajebi-561	421	6	,	,	PUNCT
ajebi-561	421	7	254–277	254–277	NUM
ajebi-561	421	8	.	.	PUNCT
ajebi-561	422	1	https://doi.org/10.1016/00487333(80)90003-7	https://doi.org/10.1016/00487333(80)90003-7	PROPN
ajebi-561	422	2	kothari	kothari	PROPN
ajebi-561	422	3	,	,	PUNCT
ajebi-561	422	4	s.	s.	PROPN
ajebi-561	422	5	p.	p.	PROPN
ajebi-561	422	6	,	,	PUNCT
ajebi-561	422	7	&	&	CCONJ
ajebi-561	422	8	ball	ball	PROPN
ajebi-561	422	9	,	,	PUNCT
ajebi-561	422	10	r.	r.	PROPN
ajebi-561	422	11	(	(	PUNCT
ajebi-561	422	12	1994	1994	NUM
ajebi-561	422	13	)	)	PUNCT
ajebi-561	422	14	.	.	PUNCT
ajebi-561	423	1	financial	financial	ADJ
ajebi-561	423	2	statement	statement	NOUN
ajebi-561	423	3	analysis	analysis	NOUN
ajebi-561	423	4	.	.	PUNCT
ajebi-561	424	1	mcgrew	mcgrew	PROPN
ajebi-561	424	2	-	-	PUNCT
ajebi-561	424	3	hill	hill	PROPN
ajebi-561	424	4	companies	company	NOUN
ajebi-561	424	5	.	.	PUNCT
ajebi-561	425	1	lee	lee	PROPN
ajebi-561	425	2	,	,	PUNCT
ajebi-561	425	3	c.-s	c.-	NOUN
ajebi-561	425	4	.	.	PUNCT
ajebi-561	425	5	,	,	PUNCT
ajebi-561	425	6	&	&	CCONJ
ajebi-561	425	7	pecht	pecht	PROPN
ajebi-561	425	8	,	,	PUNCT
ajebi-561	425	9	m.	m.	NOUN
ajebi-561	425	10	(	(	PUNCT
ajebi-561	425	11	2020	2020	NUM
ajebi-561	425	12	)	)	PUNCT
ajebi-561	425	13	.	.	PUNCT
ajebi-561	426	1	the	the	DET
ajebi-561	426	2	taiwan	taiwan	PROPN
ajebi-561	426	3	electronics	electronic	NOUN
ajebi-561	426	4	industry	industry	NOUN
ajebi-561	426	5	.	.	PUNCT
ajebi-561	427	1	https://doi.org/10.1201/9780429332845	https://doi.org/10.1201/9780429332845	PROPN
ajebi-561	427	2	lo	lo	PROPN
ajebi-561	427	3	,	,	PUNCT
ajebi-561	427	4	l.-c	l.-c	NOUN
ajebi-561	427	5	.	.	PUNCT
ajebi-561	428	1	(	(	PUNCT
ajebi-561	428	2	2022	2022	NUM
ajebi-561	428	3	)	)	PUNCT
ajebi-561	428	4	.	.	PUNCT
ajebi-561	429	1	facilitating	facilitate	VERB
ajebi-561	429	2	the	the	DET
ajebi-561	429	3	market	market	NOUN
ajebi-561	429	4	with	with	ADP
ajebi-561	429	5	a	a	DET
ajebi-561	429	6	gift	gift	NOUN
ajebi-561	429	7	:	:	PUNCT
ajebi-561	429	8	the	the	DET
ajebi-561	429	9	politics	politic	NOUN
ajebi-561	429	10	of	of	ADP
ajebi-561	429	11	the	the	DET
ajebi-561	429	12	ecfa	ecfa	NOUN
ajebi-561	429	13	between	between	ADP
ajebi-561	429	14	china	china	PROPN
ajebi-561	429	15	and	and	CCONJ
ajebi-561	429	16	taiwan	taiwan	PROPN
ajebi-561	429	17	(	(	PUNCT
ajebi-561	429	18	2008–2016	2008–2016	NUM
ajebi-561	429	19	)	)	PUNCT
ajebi-561	429	20	.	.	PUNCT
ajebi-561	430	1	asian	asian	PROPN
ajebi-561	430	2	studies	studies	PROPN
ajebi-561	430	3	review	review	VERB
ajebi-561	430	4	,	,	PUNCT
ajebi-561	430	5	1–18	1–18	NUM
ajebi-561	430	6	.	.	PUNCT
ajebi-561	431	1	https://doi	https://doi	PROPN
ajebi-561	431	2	.	.	PUNCT
ajebi-561	431	3	org/10.1080/10357823.2022.2095981	org/10.1080/10357823.2022.2095981	PROPN
ajebi-561	431	4	martin	martin	PROPN
ajebi-561	431	5	,	,	PUNCT
ajebi-561	431	6	j.	j.	PROPN
ajebi-561	431	7	d.	d.	PROPN
ajebi-561	431	8	,	,	PUNCT
ajebi-561	431	9	&	&	CCONJ
ajebi-561	431	10	scott	scott	PROPN
ajebi-561	431	11	,	,	PUNCT
ajebi-561	431	12	d.	d.	PROPN
ajebi-561	431	13	f.	f.	PROPN
ajebi-561	431	14	(	(	PUNCT
ajebi-561	431	15	1974	1974	NUM
ajebi-561	431	16	)	)	PUNCT
ajebi-561	431	17	.	.	PUNCT
ajebi-561	432	1	a	a	DET
ajebi-561	432	2	discriminant	discriminant	ADJ
ajebi-561	432	3	analysis	analysis	NOUN
ajebi-561	432	4	of	of	ADP
ajebi-561	432	5	the	the	DET
ajebi-561	432	6	corporate	corporate	ADJ
ajebi-561	432	7	debt	debt	NOUN
ajebi-561	432	8	-	-	PUNCT
ajebi-561	432	9	equity	equity	NOUN
ajebi-561	432	10	decision	decision	NOUN
ajebi-561	432	11	.	.	PUNCT
ajebi-561	433	1	financial	financial	ADJ
ajebi-561	433	2	management	management	NOUN
ajebi-561	433	3	,	,	PUNCT
ajebi-561	433	4	3(4	3(4	NUM
ajebi-561	433	5	)	)	PUNCT
ajebi-561	433	6	,	,	PUNCT
ajebi-561	433	7	71–79	71–79	NOUN
ajebi-561	433	8	.	.	PUNCT
ajebi-561	434	1	https://doi	https://doi	PROPN
ajebi-561	434	2	.	.	PROPN
ajebi-561	434	3	org/10.2307/3664932	org/10.2307/3664932	PROPN
ajebi-561	434	4	mathews	mathews	PROPN
ajebi-561	434	5	,	,	PUNCT
ajebi-561	434	6	j.	j.	PROPN
ajebi-561	434	7	a.	a.	PROPN
ajebi-561	434	8	,	,	PUNCT
ajebi-561	434	9	&	&	CCONJ
ajebi-561	434	10	cho	cho	PROPN
ajebi-561	434	11	,	,	PUNCT
ajebi-561	434	12	d.	d.	PROPN
ajebi-561	434	13	(	(	PUNCT
ajebi-561	434	14	1999	1999	NUM
ajebi-561	434	15	)	)	PUNCT
ajebi-561	434	16	.	.	PUNCT
ajebi-561	435	1	combinative	combinative	NOUN
ajebi-561	435	2	capabilities	capability	NOUN
ajebi-561	435	3	and	and	CCONJ
ajebi-561	435	4	organizational	organizational	ADJ
ajebi-561	435	5	learning	learning	NOUN
ajebi-561	435	6	in	in	ADP
ajebi-561	435	7	latecomer	latecomer	NOUN
ajebi-561	435	8	firms	firm	NOUN
ajebi-561	435	9	:	:	PUNCT
ajebi-561	435	10	the	the	DET
ajebi-561	435	11	case	case	NOUN
ajebi-561	435	12	of	of	ADP
ajebi-561	435	13	the	the	DET
ajebi-561	435	14	korean	korean	ADJ
ajebi-561	435	15	semiconductor	semiconductor	NOUN
ajebi-561	435	16	industry	industry	NOUN
ajebi-561	435	17	.	.	PUNCT
ajebi-561	436	1	journal	journal	PROPN
ajebi-561	436	2	of	of	ADP
ajebi-561	436	3	world	world	PROPN
ajebi-561	436	4	business	business	NOUN
ajebi-561	436	5	,	,	PUNCT
ajebi-561	436	6	34(2	34(2	NUM
ajebi-561	436	7	)	)	PUNCT
ajebi-561	436	8	,	,	PUNCT
ajebi-561	436	9	139–156	139–156	NUM
ajebi-561	436	10	.	.	PUNCT
ajebi-561	437	1	https://doi	https://doi	PROPN
ajebi-561	437	2	.	.	PUNCT
ajebi-561	438	1	org/10.1016	org/10.1016	PROPN
ajebi-561	438	2	/	/	SYM
ajebi-561	438	3	s1090	s1090	PROPN
ajebi-561	438	4	-	-	PUNCT
ajebi-561	438	5	9516(99)00013	9516(99)00013	NUM
ajebi-561	438	6	-	-	PUNCT
ajebi-561	438	7	9	9	NUM
ajebi-561	438	8	mccann	mccann	PROPN
ajebi-561	438	9	,	,	PUNCT
ajebi-561	438	10	p.	p.	PROPN
ajebi-561	438	11	,	,	PUNCT
ajebi-561	438	12	&	&	CCONJ
ajebi-561	438	13	arita	arita	PROPN
ajebi-561	438	14	,	,	PUNCT
ajebi-561	438	15	t.	t.	PROPN
ajebi-561	438	16	(	(	PUNCT
ajebi-561	438	17	2006	2006	NUM
ajebi-561	438	18	)	)	PUNCT
ajebi-561	438	19	.	.	PUNCT
ajebi-561	439	1	clusters	cluster	NOUN
ajebi-561	439	2	and	and	CCONJ
ajebi-561	439	3	regional	regional	ADJ
ajebi-561	439	4	development	development	NOUN
ajebi-561	439	5	:	:	PUNCT
ajebi-561	439	6	some	some	DET
ajebi-561	439	7	cautionary	cautionary	ADJ
ajebi-561	439	8	observations	observation	NOUN
ajebi-561	439	9	from	from	ADP
ajebi-561	439	10	the	the	DET
ajebi-561	439	11	semiconductor	semiconductor	NOUN
ajebi-561	439	12	industry	industry	NOUN
ajebi-561	439	13	.	.	PUNCT
ajebi-561	440	1	information	information	NOUN
ajebi-561	440	2	economics	economic	NOUN
ajebi-561	440	3	and	and	CCONJ
ajebi-561	440	4	policy	policy	NOUN
ajebi-561	440	5	,	,	PUNCT
ajebi-561	440	6	18(2	18(2	NUM
ajebi-561	440	7	)	)	PUNCT
ajebi-561	440	8	,	,	PUNCT
ajebi-561	440	9	157–180	157–180	NUM
ajebi-561	440	10	.	.	PUNCT
ajebi-561	441	1	https://doi.org/10.1016/j	https://doi.org/10.1016/j	NOUN
ajebi-561	441	2	.	.	PUNCT
ajebi-561	442	1	infoecopol.2005.12.001	infoecopol.2005.12.001	PROPN
ajebi-561	443	1	minbaeva	minbaeva	PROPN
ajebi-561	443	2	,	,	PUNCT
ajebi-561	443	3	d.	d.	PROPN
ajebi-561	443	4	,	,	PUNCT
ajebi-561	443	5	pedersen	pedersen	PROPN
ajebi-561	443	6	,	,	PUNCT
ajebi-561	443	7	t.	t.	PROPN
ajebi-561	443	8	,	,	PUNCT
ajebi-561	443	9	björkman	björkman	NOUN
ajebi-561	443	10	,	,	PUNCT
ajebi-561	443	11	i.	i.	PROPN
ajebi-561	443	12	,	,	PUNCT
ajebi-561	443	13	fey	fey	PROPN
ajebi-561	443	14	,	,	PUNCT
ajebi-561	443	15	c.	c.	PROPN
ajebi-561	443	16	f.	f.	PROPN
ajebi-561	443	17	,	,	PUNCT
ajebi-561	443	18	&	&	CCONJ
ajebi-561	443	19	park	park	PROPN
ajebi-561	443	20	,	,	PUNCT
ajebi-561	443	21	h.	h.	PROPN
ajebi-561	443	22	j.	j.	PROPN
ajebi-561	443	23	(	(	PUNCT
ajebi-561	443	24	2003	2003	NUM
ajebi-561	443	25	)	)	PUNCT
ajebi-561	443	26	.	.	PUNCT
ajebi-561	444	1	mnc	mnc	PROPN
ajebi-561	444	2	knowledge	knowledge	NOUN
ajebi-561	444	3	transfer	transfer	NOUN
ajebi-561	444	4	,	,	PUNCT
ajebi-561	444	5	subsidiary	subsidiary	ADJ
ajebi-561	444	6	absorptive	absorptive	ADJ
ajebi-561	444	7	capacity	capacity	NOUN
ajebi-561	444	8	,	,	PUNCT
ajebi-561	444	9	and	and	CCONJ
ajebi-561	444	10	hrm	hrm	PROPN
ajebi-561	444	11	.	.	PROPN
ajebi-561	444	12	journal	journal	PROPN
ajebi-561	444	13	of	of	ADP
ajebi-561	444	14	international	international	ADJ
ajebi-561	444	15	business	business	NOUN
ajebi-561	444	16	studies	study	NOUN
ajebi-561	444	17	,	,	PUNCT
ajebi-561	444	18	34(6	34(6	NOUN
ajebi-561	444	19	)	)	PUNCT
ajebi-561	444	20	,	,	PUNCT
ajebi-561	444	21	586–599	586–599	NUM
ajebi-561	444	22	.	.	PUNCT
ajebi-561	445	1	https://	https://	PROPN
ajebi-561	445	2	doi.org/10.1057/palgrave.jibs.8400056	doi.org/10.1057/palgrave.jibs.8400056	PROPN
ajebi-561	445	3	newberry	newberry	PROPN
ajebi-561	445	4	,	,	PUNCT
ajebi-561	445	5	k.	k.	PROPN
ajebi-561	445	6	j.	j.	PROPN
ajebi-561	445	7	,	,	PUNCT
ajebi-561	445	8	&	&	CCONJ
ajebi-561	445	9	novack	novack	PROPN
ajebi-561	445	10	,	,	PUNCT
ajebi-561	445	11	g.	g.	PROPN
ajebi-561	445	12	f.	f.	PROPN
ajebi-561	445	13	(	(	PUNCT
ajebi-561	445	14	1999	1999	NUM
ajebi-561	445	15	)	)	PUNCT
ajebi-561	445	16	.	.	PUNCT
ajebi-561	446	1	the	the	DET
ajebi-561	446	2	effect	effect	NOUN
ajebi-561	446	3	of	of	ADP
ajebi-561	446	4	taxes	taxis	NOUN
ajebi-561	446	5	on	on	ADP
ajebi-561	446	6	corporate	corporate	ADJ
ajebi-561	446	7	debt	debt	NOUN
ajebi-561	446	8	maturity	maturity	NOUN
ajebi-561	446	9	decisions	decision	NOUN
ajebi-561	446	10	:	:	PUNCT
ajebi-561	446	11	an	an	DET
ajebi-561	446	12	analysis	analysis	NOUN
ajebi-561	446	13	of	of	ADP
ajebi-561	446	14	public	public	ADJ
ajebi-561	446	15	and	and	CCONJ
ajebi-561	446	16	private	private	ADJ
ajebi-561	446	17	bond	bond	NOUN
ajebi-561	446	18	offerings	offering	NOUN
ajebi-561	446	19	.	.	PUNCT
ajebi-561	447	1	journal	journal	NOUN
ajebi-561	447	2	of	of	ADP
ajebi-561	447	3	the	the	DET
ajebi-561	447	4	american	american	PROPN
ajebi-561	447	5	taxation	taxation	PROPN
ajebi-561	447	6	association	association	PROPN
ajebi-561	447	7	,	,	PUNCT
ajebi-561	447	8	21(2	21(2	NUM
ajebi-561	447	9	)	)	PUNCT
ajebi-561	447	10	,	,	PUNCT
ajebi-561	447	11	1	1	NUM
ajebi-561	447	12	-	-	SYM
ajebi-561	447	13	16	16	NUM
ajebi-561	447	14	.	.	PUNCT
ajebi-561	448	1	https://doi.org/10.2308/jata.1999.21.2.1	https://doi.org/10.2308/jata.1999.21.2.1	NUM
ajebi-561	448	2	ozkan	ozkan	PROPN
ajebi-561	448	3	,	,	PUNCT
ajebi-561	448	4	a.	a.	NOUN
ajebi-561	448	5	(	(	PUNCT
ajebi-561	448	6	2000	2000	NUM
ajebi-561	448	7	)	)	PUNCT
ajebi-561	448	8	.	.	PUNCT
ajebi-561	449	1	an	an	DET
ajebi-561	449	2	empirical	empirical	ADJ
ajebi-561	449	3	analysis	analysis	NOUN
ajebi-561	449	4	of	of	ADP
ajebi-561	449	5	corporate	corporate	ADJ
ajebi-561	449	6	debt	debt	NOUN
ajebi-561	449	7	maturity	maturity	NOUN
ajebi-561	449	8	structure	structure	NOUN
ajebi-561	449	9	.	.	PUNCT
ajebi-561	450	1	european	european	ADJ
ajebi-561	450	2	financial	financial	ADJ
ajebi-561	450	3	management	management	NOUN
ajebi-561	450	4	,	,	PUNCT
ajebi-561	450	5	6(2	6(2	NUM
ajebi-561	450	6	)	)	PUNCT
ajebi-561	450	7	,	,	PUNCT
ajebi-561	450	8	197	197	NUM
ajebi-561	450	9	-	-	SYM
ajebi-561	450	10	212	212	NUM
ajebi-561	450	11	.	.	PUNCT
ajebi-561	451	1	https://doi.org/10.1111/1468-036x.00120	https://doi.org/10.1111/1468-036x.00120	PROPN
ajebi-561	451	2	perry	perry	PROPN
ajebi-561	451	3	,	,	PUNCT
ajebi-561	451	4	t.	t.	PROPN
ajebi-561	451	5	(	(	PUNCT
ajebi-561	451	6	2011	2011	NUM
ajebi-561	451	7	)	)	PUNCT
ajebi-561	451	8	.	.	PUNCT
ajebi-561	452	1	foundry	foundry	PROPN
ajebi-561	452	2	father	father	PROPN
ajebi-561	452	3	.	.	PUNCT
ajebi-561	453	1	ieee	ieee	PROPN
ajebi-561	453	2	spectrum	spectrum	PROPN
ajebi-561	453	3	,	,	PUNCT
ajebi-561	453	4	48(5	48(5	NUM
ajebi-561	453	5	)	)	PUNCT
ajebi-561	453	6	,	,	PUNCT
ajebi-561	453	7	46	46	NUM
ajebi-561	453	8	–	–	SYM
ajebi-561	453	9	50	50	NUM
ajebi-561	453	10	.	.	PUNCT
ajebi-561	454	1	https://doi.org/10.1109/mspec.2011.5753245	https://doi.org/10.1109/mspec.2011.5753245	PROPN
ajebi-561	454	2	poon	poon	NOUN
ajebi-561	454	3	,	,	PUNCT
ajebi-561	454	4	j.	j.	PROPN
ajebi-561	454	5	p.	p.	PROPN
ajebi-561	454	6	h.	h.	PROPN
ajebi-561	454	7	,	,	PUNCT
ajebi-561	454	8	hsu	hsu	PROPN
ajebi-561	454	9	,	,	PUNCT
ajebi-561	454	10	j.-y	j.-y	PROPN
ajebi-561	454	11	.	.	PROPN
ajebi-561	454	12	,	,	PUNCT
ajebi-561	454	13	&	&	CCONJ
ajebi-561	454	14	jeongwook	jeongwook	PROPN
ajebi-561	454	15	,	,	PUNCT
ajebi-561	454	16	s.	s.	PROPN
ajebi-561	454	17	(	(	PUNCT
ajebi-561	454	18	2006	2006	NUM
ajebi-561	454	19	)	)	PUNCT
ajebi-561	454	20	.	.	PUNCT
ajebi-561	455	1	the	the	DET
ajebi-561	455	2	geography	geography	NOUN
ajebi-561	455	3	of	of	ADP
ajebi-561	455	4	learning	learning	NOUN
ajebi-561	455	5	and	and	CCONJ
ajebi-561	455	6	knowledge	knowledge	NOUN
ajebi-561	455	7	acquisition	acquisition	NOUN
ajebi-561	455	8	among	among	ADP
ajebi-561	455	9	asian	asian	ADJ
ajebi-561	455	10	latecomers	latecomer	NOUN
ajebi-561	455	11	.	.	PUNCT
ajebi-561	456	1	journal	journal	PROPN
ajebi-561	456	2	of	of	ADP
ajebi-561	456	3	economic	economic	ADJ
ajebi-561	456	4	geography	geography	NOUN
ajebi-561	456	5	,	,	PUNCT
ajebi-561	456	6	6(4	6(4	NUM
ajebi-561	456	7	)	)	PUNCT
ajebi-561	456	8	,	,	PUNCT
ajebi-561	456	9	541–559	541–559	NUM
ajebi-561	456	10	.	.	PUNCT
ajebi-561	457	1	https://doi.org/10.1093/jeg/lbi021	https://doi.org/10.1093/jeg/lbi021	PROPN
ajebi-561	457	2	rimol	rimol	PROPN
ajebi-561	457	3	,	,	PUNCT
ajebi-561	457	4	m.	m.	NOUN
ajebi-561	457	5	(	(	PUNCT
ajebi-561	457	6	2021	2021	NUM
ajebi-561	457	7	)	)	PUNCT
ajebi-561	457	8	.	.	PUNCT
ajebi-561	458	1	gartner	gartner	PROPN
ajebi-561	458	2	says	say	VERB
ajebi-561	458	3	worldwide	worldwide	ADJ
ajebi-561	458	4	semiconductor	semiconductor	NOUN
ajebi-561	458	5	revenue	revenue	NOUN
ajebi-561	458	6	grew	grow	VERB
ajebi-561	458	7	26	26	NUM
ajebi-561	458	8	%	%	NOUN
ajebi-561	458	9	in	in	ADP
ajebi-561	458	10	2021	2021	NUM
ajebi-561	458	11	.	.	PUNCT
ajebi-561	459	1	gartner	gartner	NOUN
ajebi-561	459	2	.	.	PUNCT
ajebi-561	460	1	https://www	https://www	PROPN
ajebi-561	460	2	.	.	PUNCT
ajebi-561	461	1	gartner.com/en/newsroom/press-releases/2022-0414-gartner-says-worldwide-semiconductor-revenuegrew-26-percent-in-2021	gartner.com/en/newsroom/press-releases/2022-0414-gartner-says-worldwide-semiconductor-revenuegrew-26-percent-in-2021	PROPN
ajebi-561	461	2	salim	salim	PROPN
ajebi-561	461	3	,	,	PUNCT
ajebi-561	461	4	m.	m.	NOUN
ajebi-561	461	5	a.	a.	PROPN
ajebi-561	461	6	,	,	PUNCT
ajebi-561	461	7	&	&	CCONJ
ajebi-561	461	8	pardiman	pardiman	PROPN
ajebi-561	461	9	,	,	PUNCT
ajebi-561	461	10	p.	p.	NOUN
ajebi-561	461	11	(	(	PUNCT
ajebi-561	461	12	2022	2022	NUM
ajebi-561	461	13	)	)	PUNCT
ajebi-561	461	14	.	.	PUNCT
ajebi-561	462	1	the	the	DET
ajebi-561	462	2	role	role	NOUN
ajebi-561	462	3	of	of	ADP
ajebi-561	462	4	dividend	dividend	NOUN
ajebi-561	462	5	policy	policy	NOUN
ajebi-561	462	6	as	as	ADP
ajebi-561	462	7	intervening	intervene	VERB
ajebi-561	462	8	variables	variable	NOUN
ajebi-561	462	9	on	on	ADP
ajebi-561	462	10	the	the	DET
ajebi-561	462	11	effect	effect	NOUN
ajebi-561	462	12	of	of	ADP
ajebi-561	462	13	earning	earn	VERB
ajebi-561	462	14	per	per	ADP
ajebi-561	462	15	share	share	NOUN
ajebi-561	462	16	,	,	PUNCT
ajebi-561	462	17	debt	debt	NOUN
ajebi-561	462	18	equity	equity	NOUN
ajebi-561	462	19	ratio	ratio	NOUN
ajebi-561	462	20	and	and	CCONJ
ajebi-561	462	21	price	price	NOUN
ajebi-561	462	22	book	book	NOUN
ajebi-561	462	23	value	value	NOUN
ajebi-561	462	24	on	on	ADP
ajebi-561	462	25	stock	stock	NOUN
ajebi-561	462	26	price	price	NOUN
ajebi-561	462	27	.	.	PUNCT
ajebi-561	463	1	jurnal	jurnal	ADJ
ajebi-561	463	2	bisnis	bisnis	PROPN
ajebi-561	463	3	dan	dan	PROPN
ajebi-561	463	4	manajemen	manajemen	PROPN
ajebi-561	463	5	,	,	PUNCT
ajebi-561	463	6	9(1	9(1	NUM
ajebi-561	463	7	)	)	PUNCT
ajebi-561	463	8	,	,	PUNCT
ajebi-561	463	9	77–86	77–86	NUM
ajebi-561	463	10	.	.	PUNCT
ajebi-561	464	1	https://doi.org/10.26905/jbm.v9i1.7602	https://doi.org/10.26905/jbm.v9i1.7602	PROPN
ajebi-561	464	2	tsai	tsai	PROPN
ajebi-561	464	3	,	,	PUNCT
ajebi-561	464	4	t.	t.	PROPN
ajebi-561	464	5	,	,	PUNCT
ajebi-561	464	6	&	&	CCONJ
ajebi-561	464	7	cheng	cheng	PROPN
ajebi-561	464	8	,	,	PUNCT
ajebi-561	464	9	b.-s	b.-s	PROPN
ajebi-561	464	10	.	.	PUNCT
ajebi-561	464	11	(	(	PUNCT
ajebi-561	464	12	2006	2006	NUM
ajebi-561	464	13	)	)	PUNCT
ajebi-561	464	14	.	.	PUNCT
ajebi-561	465	1	the	the	DET
ajebi-561	465	2	silicon	silicon	NOUN
ajebi-561	465	3	dragon	dragon	PROPN
ajebi-561	465	4	.	.	PUNCT
ajebi-561	466	1	edward	edward	PROPN
ajebi-561	466	2	elgar	elgar	PROPN
ajebi-561	466	3	publishing	publishing	PROPN
ajebi-561	466	4	.	.	PUNCT
ajebi-561	467	1	tung	tung	PROPN
ajebi-561	467	2	,	,	PUNCT
ajebi-561	467	3	a.-c	a.-c	NOUN
ajebi-561	467	4	.	.	PUNCT
ajebi-561	468	1	(	(	PUNCT
ajebi-561	468	2	2001	2001	NUM
ajebi-561	468	3	)	)	PUNCT
ajebi-561	468	4	.	.	PUNCT
ajebi-561	469	1	taiwan	taiwan	PROPN
ajebi-561	469	2	’s	’s	PART
ajebi-561	469	3	semiconductor	semiconductor	NOUN
ajebi-561	469	4	industry	industry	NOUN
ajebi-561	469	5	:	:	PUNCT
ajebi-561	469	6	what	what	PRON
ajebi-561	469	7	the	the	DET
ajebi-561	469	8	state	state	NOUN
ajebi-561	469	9	did	do	VERB
ajebi-561	469	10	and	and	CCONJ
ajebi-561	469	11	did	do	VERB
ajebi-561	469	12	not	not	PART
ajebi-561	469	13	.	.	PUNCT
ajebi-561	470	1	review	review	NOUN
ajebi-561	470	2	of	of	ADP
ajebi-561	470	3	development	development	NOUN
ajebi-561	470	4	economics	economic	NOUN
ajebi-561	470	5	,	,	PUNCT
ajebi-561	470	6	5(2	5(2	NUM
ajebi-561	470	7	)	)	PUNCT
ajebi-561	470	8	,	,	PUNCT
ajebi-561	470	9	266–288	266–288	NUM
ajebi-561	470	10	.	.	PUNCT
ajebi-561	471	1	https://doi	https://doi	NOUN
ajebi-561	471	2	.	.	PUNCT
ajebi-561	471	3	org/10.1111/1467	org/10.1111/1467	PROPN
ajebi-561	471	4	-	-	PROPN
ajebi-561	471	5	9361.00123	9361.00123	NUM
ajebi-561	471	6	winston	winston	PROPN
ajebi-561	471	7	,	,	PUNCT
ajebi-561	471	8	g.	g.	PROPN
ajebi-561	471	9	c.	c.	PROPN
ajebi-561	471	10	(	(	PUNCT
ajebi-561	471	11	1974	1974	NUM
ajebi-561	471	12	)	)	PUNCT
ajebi-561	471	13	.	.	PUNCT
ajebi-561	472	1	the	the	DET
ajebi-561	472	2	theory	theory	NOUN
ajebi-561	472	3	of	of	ADP
ajebi-561	472	4	capital	capital	NOUN
ajebi-561	472	5	utilization	utilization	NOUN
ajebi-561	472	6	and	and	CCONJ
ajebi-561	472	7	idleness	idleness	NOUN
ajebi-561	472	8	.	.	PUNCT
ajebi-561	473	1	journal	journal	NOUN
ajebi-561	473	2	of	of	ADP
ajebi-561	473	3	economic	economic	ADJ
ajebi-561	473	4	literature	literature	NOUN
ajebi-561	473	5	,	,	PUNCT
ajebi-561	473	6	12(4	12(4	NUM
ajebi-561	473	7	)	)	PUNCT
ajebi-561	473	8	,	,	PUNCT
ajebi-561	473	9	1301–1320	1301–1320	NUM
ajebi-561	473	10	.	.	PUNCT
ajebi-561	473	11	http://www.jstor.org/stable/2722381	http://www.jstor.org/stable/2722381	PROPN
ajebi-561	473	12	wu	wu	PROPN
ajebi-561	473	13	,	,	PUNCT
ajebi-561	473	14	s.-y	s.-y	NOUN
ajebi-561	473	15	.	.	PUNCT
ajebi-561	473	16	,	,	PUNCT
ajebi-561	473	17	hung	hung	PROPN
ajebi-561	473	18	,	,	PUNCT
ajebi-561	473	19	s.-c	s.-c	PROPN
ajebi-561	473	20	.	.	PROPN
ajebi-561	473	21	,	,	PUNCT
ajebi-561	473	22	&	&	CCONJ
ajebi-561	473	23	lin	lin	PROPN
ajebi-561	473	24	,	,	PUNCT
ajebi-561	473	25	b.-w	b.-w	PROPN
ajebi-561	473	26	.	.	PUNCT
ajebi-561	474	1	(	(	PUNCT
ajebi-561	474	2	2006	2006	NUM
ajebi-561	474	3	)	)	PUNCT
ajebi-561	474	4	.	.	PUNCT
ajebi-561	475	1	agile	agile	ADJ
ajebi-561	475	2	strategy	strategy	NOUN
ajebi-561	475	3	adaptation	adaptation	NOUN
ajebi-561	475	4	in	in	ADP
ajebi-561	475	5	semiconductor	semiconductor	NOUN
ajebi-561	475	6	wafer	wafer	NOUN
ajebi-561	475	7	foundries	foundry	NOUN
ajebi-561	475	8	:	:	PUNCT
ajebi-561	475	9	an	an	DET
ajebi-561	475	10	example	example	NOUN
ajebi-561	475	11	from	from	ADP
ajebi-561	475	12	taiwan	taiwan	PROPN
ajebi-561	475	13	.	.	PUNCT
ajebi-561	476	1	technological	technological	ADJ
ajebi-561	476	2	forecasting	forecasting	NOUN
ajebi-561	476	3	and	and	CCONJ
ajebi-561	476	4	social	social	ADJ
ajebi-561	476	5	change	change	NOUN
ajebi-561	476	6	,	,	PUNCT
ajebi-561	476	7	73(4	73(4	NOUN
ajebi-561	476	8	)	)	PUNCT
ajebi-561	476	9	,	,	PUNCT
ajebi-561	476	10	436–451	436–451	NUM
ajebi-561	476	11	.	.	PUNCT
ajebi-561	477	1	https://doi.org/10.1016/j	https://doi.org/10.1016/j	NOUN
ajebi-561	477	2	.	.	PUNCT
ajebi-561	478	1	techfore.2005.01.004	techfore.2005.01.004	NOUN
ajebi-561	478	2	zenglein	zenglein	ADV
ajebi-561	478	3	,	,	PUNCT
ajebi-561	478	4	m.	m.	PROPN
ajebi-561	478	5	j.	j.	PROPN
ajebi-561	478	6	,	,	PUNCT
ajebi-561	478	7	&	&	CCONJ
ajebi-561	478	8	holzmann	holzmann	PROPN
ajebi-561	478	9	,	,	PUNCT
ajebi-561	478	10	a.	a.	NOUN
ajebi-561	478	11	(	(	PUNCT
ajebi-561	478	12	2019	2019	NUM
ajebi-561	478	13	)	)	PUNCT
ajebi-561	478	14	.	.	PUNCT
ajebi-561	479	1	evolving	evolve	VERB
ajebi-561	479	2	made	make	VERB
ajebi-561	479	3	in	in	ADP
ajebi-561	479	4	china	china	PROPN
ajebi-561	479	5	2025	2025	NUM
ajebi-561	479	6	.	.	PUNCT
ajebi-561	480	1	merics	meric	NOUN
ajebi-561	480	2	papers	paper	NOUN
ajebi-561	480	3	on	on	ADP
ajebi-561	480	4	china	china	PROPN
ajebi-561	480	5	,	,	PUNCT
ajebi-561	480	6	8	8	NUM
ajebi-561	480	7	,	,	PUNCT
ajebi-561	480	8	78	78	NUM
ajebi-561	480	9	.	.	X
ajebi-561	481	1	zhang	zhang	PROPN
ajebi-561	481	2	,	,	PUNCT
ajebi-561	481	3	l.	l.	PROPN
ajebi-561	481	4	,	,	PUNCT
ajebi-561	481	5	&	&	CCONJ
ajebi-561	481	6	lan	lan	PROPN
ajebi-561	481	7	,	,	PUNCT
ajebi-561	481	8	t.	t.	PROPN
ajebi-561	481	9	(	(	PUNCT
ajebi-561	481	10	2022	2022	NUM
ajebi-561	481	11	)	)	PUNCT
ajebi-561	481	12	.	.	PUNCT
ajebi-561	482	1	the	the	DET
ajebi-561	482	2	new	new	ADJ
ajebi-561	482	3	whole	whole	ADJ
ajebi-561	482	4	state	state	NOUN
ajebi-561	482	5	system	system	NOUN
ajebi-561	482	6	:	:	PUNCT
ajebi-561	482	7	reinventing	reinvent	VERB
ajebi-561	482	8	the	the	DET
ajebi-561	482	9	chinese	chinese	ADJ
ajebi-561	482	10	state	state	NOUN
ajebi-561	482	11	to	to	PART
ajebi-561	482	12	promote	promote	VERB
ajebi-561	482	13	innovation	innovation	NOUN
ajebi-561	482	14	.	.	PUNCT
ajebi-561	483	1	environment	environment	NOUN
ajebi-561	483	2	&	&	CCONJ
ajebi-561	483	3	planning	planning	PROPN
ajebi-561	483	4	a.	a.	PROPN
ajebi-561	483	5	https://doi	https://doi	PROPN
ajebi-561	483	6	.	.	PUNCT
ajebi-561	484	1	org/10.1177/0308518x221088294	org/10.1177/0308518x221088294	NOUN
ajebi-561	484	2	https://journals.e-palli.com/home/index.php/ajebi	https://journals.e-palli.com/home/index.php/ajebi	X