David Aichele: Yeah. Hi, Wei. So you’re correct. You know, 4×4 MIMO, there has been platforms that are 2×2 MIMO, the Wi-Fi 6 and then there’s mixes of 2×4. There’s – what I see on the horizon is more percentage of the system shipping that are tri-band architecture with Wi-Fi 6E and Wi-Fi 7. So that will be above previous, you may have been 20%, 25% of the system shipping were Wi-Fi 6 that were tri-band architecture. Now you’re north of potentially 70% that are tri-band architecture. So the RF filter content for us is increasing. And then we’re seeing a mix of tri-band and broadband architecture. Most of these are still stick into a 4×4 architecture, but the dollar content is still going up. There are some out there that are 4x So it just depends on what the end application is. But either way, we’re seeing either a number of systems increasing or increase in the dollar content.
Wei Mok: Great. Thank you. As for my second question, it’s in regards to the U.S. CHIPS Act. Are there any updates you can share on how much and where you can expect to receive funding? And do you see any potential strings attached that could limit your ability to sell to China Android handset vendors? Thanks.
Jeff Shealy: Okay. Wei, regarding the U.S. CHIPS Act, in terms of timing of that, I don’t want to comment on the Act. I think the – that’s pretty closely held right now in terms of – but what we would be looking for would be an increase in capacity, another 10x to be able to really have Tier 1 type capacity for that end market. In terms of the timing of that, we expect that – and there’s been some announcements that have come out around the election, but we expect the program to be stood up in applications to be open sometime in Q1, perhaps middle of Q1 in the February time frame. These sorts of announcements will take typically three months in order to receive feedback from the government on the application and then the funding, the contracting vehicle could be an additional three months on that.
So you’re looking at somewhere in the middle of summer time frame for actual receipt – receive funding. We’ll have to look at the rules in terms of if there’s you know, how they roll the program out to whether you can actually get started sooner than that. But that’s the timing, and we’ll be more local going forward. I think it’s safe to say that the magnitude of proposal could be a multiple of what our current market cap business. I think that that’s would be safe to say.
Wei Mok: Great. Thank you.
Jeff Shealy: Thank you, Wei.
Operator: Thank you. Ladies and gentlemen, that concludes our question-and-answer session. I’ll turn the floor back to Mr. Shealy for any final comments.
Jeff Shealy: I’d like to take the opportunity to thank you all for your time today. We look forward to speaking with you during our next update call to discuss the current quarter execution against our milestones and future expectations. And with that, I’d like to wish everyone a happy Monday. Thank you for joining us.
Operator: Thank you. This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.
