Kevin Clark: Yes. David, that’s a great question. I’d say with respect to the level of bookings we were awarded in 2022, we’ve been put in the position to have discussions about no price increases and in some situations, that’s been effective. I’d say we’re not at a point though where we’re actually seeing year-over-year productivity or lower price increases from the semiconductor players. We’ll see how that plays out as based on volume outlook for automotive and the other places that those players play. But at this point in time, we’re not seeing it, and it’s not in our numbers.
David Kelley: Okay. Got it. And a quick follow-up on S&P. The product line margin expansion, you referenced, I think you mentioned kind of in high-growth areas. So a, can you confirm that that’s high voltage or maybe it’s kind of non-autos or CVs, or maybe just give us a bit more color on some of the specific product lines where you’re seeing some nice movement.
Joe Massaro: Yes, I would sort of characterize, David, the margin profile in that business overall is very strong. But high voltage, the adjacent market, particularly commercial vehicle accretive. But also, we’re very strong. If you think about engineered components, right, sort of the connect the interconnect type business. That business just has traditionally a very strong margin profile and €“ and certainly scales well with volume and is accretive with additional volume. So it’s really a — it’s a pretty balanced portfolio in that business.
David Kelley: Okay. Got it. Thanks, guys.
Joe Massaro: Thanks, David.
Jessica Kourakos: Operator?
Operator: At this time, we have time for one more question. We’ll move to James Picariello with BNP Paribas.
James Picariello: Hi, guys. Just a quick one on the key business vertical growth. So active safety, user experience, high-voltage electrification, non-auto, can you share what the growth rate expectations are for this year within the guide?
Joe Massaro: Yes, sure. No, generally very consistent, James. I mentioned high voltage to John. We still continue to see that north of 30%. That’s excluding Intercable. As you mentioned at the time of the deal, Intercable we’re — obviously, the M&A deals aren’t in the organic growth numbers at this point. But Intercable in and of itself grows well above 30% per year, so consistent with our high voltage business. We’re actually seeing some active safety acceleration growth this year. It had been in, call it, the low to mid-20s over the last couple of years. We’re actually seeing that accelerate close to 30% in 2023. As we launched to Kevin’s comments, just launched a number of new number of new full systems. So I think those — we’ve talked in the past about what the CAGRs, the multiyear CAGRs for those product lines are sort of high 20% to 30% for active safety, north of 30% for high voltage.
Those continues to €“ that continues to be the case. Infotainment, we’ve talked about it, user experience. We are going through a product transition there. We expect that business to grow, sort of, high single digits this year, as we move from legacy systems to these more robust integrated cockpit solutions. And eventually, we see infotainment being sort of up integrated into the SVA systems, which is what we’re working on with our customers now. So — but again, continue to grow above market, and it’s an important part of the business. But, obviously, the higher growth coming from active safety, high voltage.
