Edward Snyder: Thank you very much. Good quarter, Hock. So apparently over the last quarter you were getting out of wireless, you are getting into wireless or handset guys are going to start doing wireless. So I wanted to get a couple of updates. So maybe you could set the record straight. First of all, even if you see a sea change in, let’s say, silicon, mixed silicon baseband providers in the next year or two, does that fundamentally change your opinion of your wireless group, and either way, actually, does it get better, does it get worse, because obviously, if architectures change, it has a big impact on supply chain and I know, historically, you have worked very closely with key players and helping develop all the other pieces of the puzzle like transceivers that are required if you are going to do your own.
So maybe you could just kind of reset the bar on what you expect for without guidance, but in general, the wireless division in the next year or two, does that for you to get greater? Thanks.
Hock Tan: Thanks. Good question, Ed. As you know, our wireless division — group, as you call it, division, it’s really not one single product line or one single division, it’s not one homogenous group either and it is several — a few key products that comprises this wireless division. All selling — you are right — you are correct, to the same application and very high end flagship status handsets and largely focused on one key customer in North America are much below the North American OEM customers. So in that sense, it’s one single focus area. And to answer your question, while we are multiple — on these multiple products and they tend to keep progress as each new generation happens may not be every year, but it happens pretty — fairly regular frequency on a cadence that is pretty predictable after while each on its own cadence.
It’s a very, very good business for us. And to answer your question directly, no, it’s nothing significant — meaningful has changed. Our relationship, our strategic engagement continues very much the same as it has for the last multiple years and we see that to continue in a fairly predictable stable manner.
Edward Snyder: And then just to remind if we could, a three-year roadmap, I mean, you see stuff pretty far out, right?
Hock Tan: Yes.
Edward Snyder: Great. Thank you.
Hock Tan: Thank you.
Operator: Thank you. One moment for our next question. That will come from the line of Pierre Ferragu with New Street Research. Your line is open.
Pierre Ferragu: Great. Thank you for taking question. Can you hear me well?
Kirsten Spears: Yeah.
Hock Tan: Yes.
Pierre Ferragu: Great. So I am trying to put together a perspective of what’s happening at hyperscale clients this year. So if I look at your networking division, if you grow like at least $600 million this year in AI and if you have compute for $1 billion growth — by the billion, that might well represent all your growth in that — in networking. So that would mean the only thing that is really growing and that we bring a lot this year in that space is AI. And when I look at outside of Broadcom, what we have seen is memory and x86 CPU servers are having a very difficult time at the moment, we expect a recovery in the second half, while the GPU segment of the market is actually in very, very good shape and growing very well and accelerating again.
