Pasquale Romano: Well, one of the €“ like, Gabe, one of the things I’ve learned over my career is using a crystal ball is probably not a great way to run a business when something is driving the financials as hard as supply chain is. So I can’t €“ life has more imagination than we do. So I don’t know what the hell is going to happen in the macro that could potentially stop the recovery that’s happening in the €“ on the supply chain side, but something could happen that’s unforeseen. So it’s just too difficult to call. We are seeing, as we’ve reported now for several quarters, the concentration on the material side that is concentrated largely in ICs. In the long-term, if, and it’s a big if, the macro starts to significantly pull back demand for consumer electronics that use common ICs that would be prevalent in chargers, we would see that segment of the IC shortages clear up substantially.
We do see some of that now, hard to call how long it’s going to take to fully kind of fully relieve itself there. And then in the long-term, we expect that power semiconductors will likely continue to be in demand because they are used across the energy transition. So we’re going to have to be very strategic with respect to power semis and how we manage that in our supply chain. And obviously, because I just said that, you know that that’s something that our supply chain team is working on continuously. That’s nothing new. That’s known in the industry for quite a long time. So that’s sort of how it naturally funnels down. But again, anything can happen in the macro as we all know. So we are trying to be exceedingly careful. I think we’ve done a good job really building a lot of products and supporting the growth of the company and what is the situation I’ve never seen before in my entire 30-some-odd year career of building products.
So we’re welcoming a relaxation of these trends.
Gabe Daoud: Thanks, Pasquale. Great color. Thank you.
Operator: Thank you. We go next now to Colin Rusch of Oppenheimer.
Colin Rusch: Thanks so much. Given the diversity requirements across geographies, could you talk a little bit about what you’re seeing on the standard development side and the potential to move increasingly towards standard hardware with dynamically contributable software from a single SKU potentially?
Pasquale Romano: Yes. I mean, look, the fast charge product line that we’ve been kind of grooming and expanding, that is a product line €“ it shifts everywhere now. It may €“ because everything has been designed to be a fairly Lego-block whether we have a European standard cable or a U.S. standard cable attached, it doesn’t change the fundamental electronics of the core or the software. The software just wakes up and understands what it’s in and what country it’s in. And it just does the right stuff and then make sure that everything is set up in accordance with all the local guidelines and local standards. The hardware remains configurable and that mention, we launched the CP6000 that’s up and running and in manufacturing and shipping now.
