The other thing I’ll mention is that if you look at our cash from operations, I think it’s in my prepared remarks that our cash from operations with a record for Q4 and 2022 was also a record cash from operations and our free cash flow at 41%. So we’re really, really pleased with not only the revenue growth and profitability, but also our cash generated from operations. So the other thing I’ll just leave comments that I’ll leave you with on that is that, our products have very long lifecycles and our risk of obsolescence is very, very low as a result of that. So we feel very comfortable with the level of inventory that we have and want to make sure that we’ve got the right amount of inventory to support again our customers in that future growth.
Matt Ramsay: Thanks, Sherri. Appreciate it.
Operator: Our next question comes from the line of Christopher Rolland with SIG. Please proceed with your question. Oh sorry standby for one second. Christopher Rolland?
Christopher Rolland: Can you hear me?
Operator: Yes, we can hear you.
Christopher Rolland: Can you hear me? Okay, great. Great, my question is around automotive. Can you give us an idea now of the size of automotive as part of that multi group there? And then talk about like in your presentation, for example, it just looks like you guys have tons of applications that FPGAs can address. Can you talk about maybe the ones that are getting the kind of the most design wins, the most traction the most uptake? That’d be great. Thank you.
Jim Anderson: Yes. Thanks, Chris. So we don’t break out automotive separately within that segment. But I can give you a little bit more color just kind of what we saw last year. Overall, industrial and automotive last year grew 41%. Within that, actually automotive grew significantly faster than that. So automotive still is the smaller portion of that segment, but it’s definitely faster growing portion of that segment. And the places that we’re getting designed into are typically across ADAS and infotainment applications. Infotainment, I would say, is probably more of the — more often the place that we’re getting designed into — there’s strength in many different applications. Just to give one example, there’s a lot of, for instance, center aggregation that needs to be done in the automobiles.
So there’s so many different sensors across the automobile. Those sensor — all of those sensor inputs from the different devices need to be aggregated, preprocessed before they’re sent back to the main process or you’d find Lattice devices doing that function. You’d also find Lattice devices doing some of the video functions in, for instance, electronic, mirrors like rearview mirrors, as well as side mirrors. So number of different places, but yes, overall, we’re quite pleased with not just the revenue growth that we saw over the past year in automotive, but also the design win funnel that we see in front of us is quite strong. And we’re also excited about Avant, our newest product line and its applicability into automotive as well.
Christopher Rolland: That’s a great segue, Jim, for my second question around Avant, but also around the low-end lineup as well, Nexus in particular. I was wondering, if you can talk about the competitive environment both in terms of share, but also pricing from competitors as well. Can you describe, kind of, what you’re seeing at the low-end of the market overall and how things might have changed through this cycle to the current period where we are now? And then what we should expect for Avant in the mid-range market for you guys as well?
