It’s grown at a high level for the last two years, and we expect that business not to fall off, but be stable. We expect our Display business to grow modestly. We expect our Services business to grow at the low double digits as we’ve described. And I think that’s the color that we’ve given so far for the market. That leaves out memory and leading logic, and we’ll just have to wait until we get closer to give a forecast. [Audit End]
Gary Dickerson: Yes, Charles, this is Gary. Relative to longer term, as I mentioned earlier, we’re in a great position. If you look at this incremental spending for the future technology nodes, a higher percentage of that incremental spending is going to materials-enabled technologies. And as I said, that’s a sweet spot for Applied. Gate-All-Around, Backside Power, where you get power and performance benefits, but also you’re going to get area savings with that inflection. So, we have been growing our position from — for each technology node. I think that gets even better going forward.
Michael Sullivan: Yes. Thanks, Charles. And operator, we have time for one more question, please.
Operator: Yes, sir. Please standby. Our final question comes from the line of Sidney Ho of Deutsche Bank.
Unidentified Analyst: Great. Thanks for squeezing me in guys. This is [indiscernible] on for Sidney. And I want to ask about Gate-All-Around. Gary, you’ve been very clear about how big this opportunity could be, both in terms of revenue and market share. And so, maybe can you speak to the revenue contribution from this inflection in ’24? Thanks.
Gary Dickerson: Yes. Thanks for the question. I think that we’re not going to give a specific dollar amount. But what I would say is that, that inflection is just starting to ramp in the latter part of ’24. So, it’s not going to be a significant driver in ’24, but certainly going forward, our opportunity there is significant.
Unidentified Analyst: That’s great. Thanks.
Michael Sullivan: Great. Okay. Thanks for your question. And I’d like to just see if Brice, would you like to give us any closing comments before we close the call?
Brice Hill: Sure. Thanks, Mike. Just one content note that I wanted to add. So, we get a lot of questions about modeling gross margin, and I just want to highlight for the people that are doing their models. Our 47% guide for Q4, that’s a little bit higher than what we would have expected with a rich mix in Q4. We’re probably running underneath that at a normal mix around 46.6%, 46.7%, somewhere around that. So, as people think about modeling their next year, we think we’ll continue to make progress from 46.6% or 46.7% to — on our way to 48% to 48.5% in ’25. So, if that helps from a modeling perspective, I just wanted to highlight that. From a closing comments perspective, we’re executing well. We’re outperforming our markets.
The Semi Systems year-to-date revenue is trending up year-over-year. Our Services business is on track for year-over-year growth. We’re aligned — we’ve aligned our businesses with the fastest growing end markets, and we’re winning in leading-edge foundry logic, DRAM, ICAPS and heterogeneous integration. We’re investing for technology leadership and growth. We’re generating strong free cash flow and increasing shareholder returns. I hope to see many of you at the Jefferies Conference in Chicago, and Gary will be keynoting at the Goldman Sachs Conference in San Francisco. Now Mike, let’s go ahead and close the call.
Michael Sullivan: Okay. Great. Thanks, Brice. And we’d like to thank everybody for joining us today. A replay of the call is going to be available on the IR page of our website by 5:00 Pacific Time today, and we’d like to thank you for your continued interest in Applied Materials.
Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.
