And so I was hoping you could discuss how you are thinking about the growth of your fiber business within broadband both from an infrastructure side and a consumer equipment standpoint as governments begin to deploy funds for broadband infrastructure? Thank you.
Hock Tan: Thank you for that question. Yes. Broadband is, for us, a very, very good business and very sustaining. Used to be boring. Boring is good at this point. And last quarter, Q1, as I reported, we actually grew 34% year-on-year. In my view, that’s rather exceptional even though in broadband, we have been seeing year-on-year growth now at least for the past four quarters, five quarters. But still 34% was rather exceptional and sure enough Q2, it normalizes to a most date level, but still growing. And the growth in that is simply because we are very well positioned with respect to next-generation PON, 10-gig PON, which has been deployed in big volumes now by telcos supported by the governments and countries all over Europe and even in North America, not to mention other country — other nations beyond that.
Basically, it is about reaching these key utility broadband service to every household and we see a lot of deployment. And then more vertical market, we also see simultaneous with PON or fiber, as you call it, a large strong continued deployment of cable, DOCSIS certainly coax to the home, because the cable operators, a few of them who on the scale of the telcos and who need to maintain competitiveness as the telcos launch 10 gigabit PON. That cable has to update DOCSIS to be able to compete and not lose subscribers in the market — in the same market they compete against each other. So we see strength both in cable, DOCSIS 3.1, as I call it, and potentially next generation, not yet happening, but hopefully within the next couple of years, DOCSIS 4.
— 4.0. Meanwhile, PON is happening, which accounts for the strength we saw last quarter and continuing strength over the last several quarters and content increases come to not just unit deployment of those gateways and infrastructure, but also the fact that a lot of this deployments come with very high attach rates of WiFi 6 and 6E. And that provides additional boost, content increases more, what I would call it, to our revenue growth in broadband. So that’s quietly still chugging along very nicely for us. All right.
Operator: Thank you. As I am showing no further questions in the queue at this time. I would now like to turn the call back over to Ji Yoo for any closing remarks.
Ji Yoo: Thank you, Sherri. In closing, we would like to highlight that Broadcom will be attending the Morgan Stanley Technology, Media and Telecom Conference on Tuesday, March 7th. Broadcom currently plans to report its earnings for the second quarter of fiscal 2023 after close of market on Thursday, June 1, 2023. A public webcast of Broadcom’s earnings conference call will follow at 2 p.m. Pacific Time. That will conclude our earnings call today. Thank you all for joining. Sherri, you may end the call.
Operator: Thank you all for participating. This concludes today’s program. You may now disconnect.
