More than that is also we now spread our cleaning and copper plating in — outside China, right? That’s really big sign. We see that gain their intention or gain their interest from their top-tier customers outside China.
Christian Schwab: Great. And then, a question for Mark. Given the supply chain issues and COVID costs are kind of behind us or at least greatly diminished, is it time to potentially raise the gross margin target range for the company on a consistent basis? Or is there just still too much volatility in mix to raise it at this point?
Mark McKechnie: Yes, I’ll take that. So on the gross margin, you’re correct, I mean, we’ve come in at the upper end of our range or maybe a little better in past few quarters or so. Christian, I think, our gross margins are quite dependent upon product mix, new products and old products and that we have a range across them. I think for now, we’re going to keep our 40% to 45% range. Of course, we always like to do as well as we can, but we’re not ready to move that range higher.
Christian Schwab: Okay, great. No other questions. Thanks, guys. Great quarter.
Mark McKechnie: Okay. Thanks, Christian.
David Wang: Thank you.
Operator: [Operator Instructions] The next question comes from Chaolien Tseng with Credit Suisse. Your line is open.
Chaolien Tseng: Hi, David and Mark, thanks for taking my question. The first question is about the customer new order momentum. Can you talk about the recent customer new order momentum? Do you see that improving compared with the first half of this year? And can you talk about the order momentum [by far] (ph)? Again — because we are thinking that back-end equipment order had earlier corrected. We are thinking that, as of now, that back-end order may have some improvement, especially from the Chinese customers. Thank you.
David Wang: Okay. Actually, as you see, our front-end customer, existing customer, obviously, they continue spending, right, and that’s driving our growing. Also, we see significant of our second-tier, third-tier customer order coming, right? That’s really also become the — actually driving our shipments and also driving our revenue, too. So that’s on sign. And also, in the bank-end, it really depends. Some customers are still pausing, and some customers still kind of invest too, right? I should say, this year, obviously not good as last year, right? So, looking forward, I should say still keep going, but maybe some customers still slow down, but then some customer invest for back-end, but we’ll see.
Chaolien Tseng: Okay. So from — we understand that there are many, many Tier 2, Tier 3 merger fabs in China. I mean, ASML talked about the same a few weeks ago. But we are just thinking if we look at front-end revenue exposure, do you — would you say that right now the revenue contributions or from the order momentum, would you say it’s about maybe one-third from these Tier 2 to 3 customers already, or even maybe half of the new orders from the Tier 2, 3 customers? Thank you.
David Wang: Yes. I really cannot give the real breakdown, right? I mean this is real dynamic moving. For the end of this year, we can give you really what’s the top 10, whatever, 10% above customer, right? I can say some second tier and third-tier customer will become, obviously, adding to our 10% customer end of this year, right? That you can see the people — I mean, all the second-tier grow. But at this moment, I really cannot break it down percentage-wise. But a significant of our, I can say, shipment revenue come from the second tier, third tier customer because they are all driving for the mature nodes.
Chaolien Tseng: Okay. Significant revenue and shipments from, okay.
David Wang: Yes, [increased rate and bulk rate] (ph).
David Wang: Okay. Do you mean significant revenue shipments from the Tier 2, 3 customers? Or do you mean the significant increase…
David Wang: Increase.
Chaolien Tseng: Increase. Okay. And next question is, when you look across your product across cleaning, copper plating, furnace, do you still have any tools that with over six months lead time, even say 10, 12 months lead time? We still hear from a small number of international equipment suppliers that there remain some tools still with over six months lead time. So I’m just wondering if it’s the same for ACM? Thank you.
