Michael Whang: And Craig, I will add
Craig Irwin: One last Sure. Sorry.
Michael Whang: This is Mike. I will add predominantly the consumables are still on 6 inches.
Craig Irwin: That is exactly what I want to ask. So 8 inches is not yet material and that’s an opportunity for , it’s that fair?
Michael Whang: Yeah, that’s fair. We are sampling 8 inch but it’s not anywhere near volume levels. So my eyes are still like pilot line evaluation.
Craig Irwin: Understood. Well, hey, guys, congratulations on a well-executed quarter. We do understand supply chains are challenging for everyone and look forward to that being resolved for you and the upward trajectory continuing the path you wrote last year. Thank you.
Michael Whang: Thank you, Craig.
Lisa Gibbs: Thank you, Craig.
Operator: Our next question comes from the line of Mark Miller with The Benchmark Company. Please proceed with your question.
Mark Miller: Let me add my congratulations on the strong quarter. Getting back to the $8 million order you just announced, what are the shipments that are going to be throughout fiscal 2023 for the first half of the year?
Lisa Gibbs: I think it’s — we indicated in the press release it’s more the back half of our fiscal €˜23 Mark.
Mark Miller: Okay. You’re talking about changing customer base. Is that just more — can I interpret that meaning you’re just seeing growth in terms of the consumables versus other areas like AP?
Paul Lancaster: Hi, Mark. This is Paul Lancaster. Yeah. We indicated there is a softness right now in our advanced packaging. And again, we did see some significant growth year-over-year on the consumables. But additionally, we saw some significant growth in the belt furnaces, the configured belt furnaces that are built out of our U.S. factory at our BTU division. A lot of that’s being driven with end markets related to electric vehicle applications.
Michael Whang: Hey, Mark. This is Mike. I will also add that there is a portion of our business right now that the ebbs and flows with a broader semiconductor market, right? But what gives me great comfort and excitement is that a greater portion of our business as evidenced by that recent order and approximately half of our backlog is related to EV applications. We have more order flow, more demand in megatrend growth areas that could smooth out and counter the natural cyclicality in the semiconductor market.
Mark Miller: Can you break out in terms of the belt furnaces what impact they were, what percentage of sales they were last quarter?
Lisa Gibbs: Unfortunately, we do not provide that breakout. I know it would be nice to have, but we’ve not provided that publicly Mark.
Mark Miller: Okay. Just one more. Any impact on the U.S. restrictions? I don’t believe there should be an impact, but just won’t have to guess that one. The new U.S. restriction has had any impact on your customers that’s more advanced logic and memory, I know that?
Michael Whang: Mark, yes. Absolutely right. So far, there has been no to minimal impacts for us. The market segments we serve are not restricted from the current U.S. government restrictions.
Mark Miller: Thank you.
Lisa Gibbs: Thanks, Mark.
Michael Whang: Thanks, Mark.
Paul Lancaster: Thanks, Mark.
Operator: Our next question comes from the line of Kevin Garrigan with WestPark Capital. Please proceed with your question.
Kevin Garrigan: Hi, everyone. Great speaking with you again. Let me echo my congrats on the strong execution. Just a few questions on my end. To start, this is a multi-part question. You booked a large repeat order, you increased bookings related to EV by 4 times, electric vehicles are becoming increasingly significant. Can you kind of give us a sense of the dollar opportunity for Amtech when it comes to electric vehicles over the next for years? And has this number changed since last year 2020 and would you say that we’re still full steam ahead or do you think you might see something slow next year?
Michael Whang: Well, so Lisa is looking at me with a stern eyes. What I can say is, there is sufficient momentum in EV growth that occurred in the last fiscal year, which in the beginning, it was a nice surprise, but then it became more than a trend, right? And what we anticipate is going forward is that we will continue to capture more EV related orders outside of our traditional materials and substrate business units. And this is very exciting, very hardening for us that across all of our business units now, they are fully participating in the EV demand growth cycle.
