Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Q2 2023 Earnings Call Transcript

Jeremy Kwan: Okay. And I guess how do you expect those deposits to be worked through? Was the repayment this time around? Is it as you fulfill some of the capacity arrangements or are they saying they don’t need as much capacity? And kind of taking some of the deposit back? Is that is €“ can you just give us clarity in terms of the dynamic there?

Stephen Chang: Yeah, those €“ typically those deposit earmarked with certain level of purchase. And then as I mentioned in the script, we expect about a $30 million in repayment in calendar year 2023.

Jeremy Kwan: Got it. Okay. And on the internal inventories, do you have a €“ I know that was a little bit up this quarter. Next quarter, inventory dollars are flat. These are the maturity to kind of get to the . Do you have, kind of a target that you want to keep inventories at and where you’re comfortable holding? Thanks.

Stephen Chang: Well, right now adjust according to the market situation. And I mean we expect a June quarter rebound to some level and then the peak season normally in second half of the year yet and we do need to balance out capacity can support the second half of the year. So, then we’ll see that. I mean, largely it’s probably maintain in that level, current level.

Jeremy Kwan: Largely maintain a dollar amount in the current level? Is that

Stephen Chang: Yes, dollar.

Jeremy Kwan: Okay, great. That’s all I had. Thank you.

Stephen Chang: Thank you.

Yifan Liang: Thanks.

Operator: Thank you. There are no questions at this time.

Mike Chang: This is Mike Chang. I do want to thank each one of you for your support and be with me through all these years thick and thin. I really appreciate that. is not a good thing. Unfortunately, this . And it comes and goes, and I’m sure it will end soon. The important thing which is, I believe or we believe is technology. That’s long-term. In the last three years, AOS take advantage of the available cash, we gradually our R&D in both capability, as well as dynamic with a lot of good things or exciting things there and waiting to really shine. So, we are very, very confident for tomorrow. And thank you for your support and wish you all the best. God bless.

Operator: This concludes the conference call. Thank you for your participation. You may now disconnect your lines.