Emily Yang: Yes. So, I think overall right when we look at this margin, I talked about the product makes a change a little bit. If you look at auto industrial percentage, definitely decrease a little, right? But mainly the reason is actually due to the underloading situation under realization, of course, that’s coupled with different reasons, right? I think the long-term agreement I mean the service agreement is part of it as well as the decrease in the revenue, right? But again this is the things that we really believe is a short-term challenge that we will overcome. I think the long-term focus talking about the product makes improvement auto industrial as well as introducing new products and we’re confident that in the longer term, we’ll continue to drive the revenue improvement as well as the margin improvement.
Gary Yu: Right. And this is Gary. I would like to put some comment on the lightweight for service agreement here. And basically there’s really nothing we can control for our customer demand, okay, and the loading here. But what we really can control is that we’re aggressively loading our stuff and then follow-up our processing technology to waiver that we acquired a couple years ago. And that’s really the things we want to focus on and you’re going to see the possibilities in the future. But I’ve got more loading to resolve the underloading situation.
David Williams: Thank you.
Operator: The next question comes from Gary Mobley with Wells Fargo Securities. Please go ahead.
Gary Mobley: Hi everyone. I hope you’re surviving the early morning wake up in Taiwan. So, probably what’s on most people’s mind is you know how 2024 looks and I’m sure you’re not going to go there. But maybe if you can give us a sense of maybe sort of the exaggerated seasonal patterns you might see to start the year or maybe even different some of the atypical seasonal patterns that might unfold during the year considering the inventory drain that has to take place?
Emily Yang: Yes, I think Gary with the market dynamics that’s going on, I think it’s hard to put a seasonality picture anymore, right? Just looking at 2023, it is a little bit all over the map, right? So, I think in general, we’re still hopeful that you know the market demand situation as well as inventory readjustment is going to be over, so we still think that’s going to be a short-term issue again right? Since it’s short-term we want to continue to focus on the important things that can get DIOS to be more successful down the road right? So that’s what we really see you know I think first half it’s definitely a visibility and challenge in front of us so we’re definitely hoping for a second half improvement.
Gary Mobley: Okay. So I would assume that you’re trying to maximize your manufacturing load just like your competitors are in the SOC macro environment. And so related to that how is pricing holding up on a like-for-like product basis given that maybe people are a little looking through the nooks and crannies for all types of business at this point in time?
Emily Yang : Yes. So I think in general right price is always driven by demand and supply, right? When the demand is a little bit weak and with a little bit more supply, there’s definitely some shifts in that dynamic, but what we’re still seeing majority of the price pressure is really coming from the deep commodity area and the advanced or differentiated unique product overall still much better. So again right based on this which is nothing new that we’ve been talking about. So we’ll continue to focus on the new differentiated new products right, which is referred back to the product mix initiative improvement that we have been focusing for the last number of years already right so that will continue to be the direction and focus overall for the company.
Gary Mobley: If I could just sneak one more in. Go ahead, Gary.
Gary Yu : I would like to put some comment on that. Other than the price pressure that we’re facing now and again really we can conclude it’s private where the price of all manufacturing goes down in the efficiency that way, so that we can take advantage of those kind of cost savings activity initiatives to face those kind of prices issue and price pressure from the front of the market.
