Steve Daly: Sure. I’ll say a word on that. And then maybe Jack can add in. So as we — as we’ve talked about, we do expect very strong Data Center growth. And we expect I&D will be down in the sort of mid single digits in Telecom and somewhere between 10% and 15%, down sequentially. And Jack, I don’t know whether you want to add to that.
Jack Kober: Yes, I think I would just add we’ve developed a fairly strong backlog over the past couple of years. And we’ve eaten into that a little bit over the past couple of quarters. So I think with regard to some of those Q4 guide items that we have with Industrial and Defense and Telecom being down that’s also coming on the back of lower than 1 to 1 book-to-bill. So we need to work some of those lower order patterns that we’ve seen coming through the past couple of quarters through this Q4 time period. But once again, as I had mentioned, we do have a fairly strong backlog that supports the business going into Q4 and beyond.
Blake Friedman: Got it. And then just kind of following up on that maybe specifically on the Industrial and Defense side. I know that certainly across the industry several vendors observing some kind of digestion in the core industrial states. I was just — I know, the segment is kind of about 50%, 60% defense. So I was maybe kind of hoping you can kind of provide more specifics, maybe what you’re seeing specifically on trends on the design side, and then areas in core industrial markets that could be a little bit weaker or stronger versus others.
Steve Daly: Yes, I would say, in general, our industrial businesses is weak and will remain weak in the near-term. And most of the growth that we’re getting in the I&D segment is coming from defense programs, primarily radar programs, rate communication programs. I think we mentioned on last quarter’s calls, some heavy demand for international radios coming out of Europe, that we have some content in. So AI — the AI part of I&D today is weak. I talked about in my prepared remarks some of the new applications that we are going after, within the AI portion there. But generally speaking, it’s weak. And the other thing I would add is we’re not really a good bellwether of the industrial end market. It’s one of the smaller parts of our portfolio.
Jack Kober: And Blake, this is Jack. I would just add that some of the inherent business that we have going through from a defense perspective, that can be lumpy at times. And I think the other item when you look at our Industrial and Defense in market is that it’s quite diverse. There’s a number of different things that work its way into the industrial category as well. So that helps us from a stability standpoint as well.
Operator: Thank you. And our next question coming from the line of Matt Ramsay with TD Cowen. Your line is open.
Matt Ramsay: Thank you very much, guys. Good morning. Not to go back to the Data Center stuff, but you can’t get through a call now without saying AI a few times. So we kind of got to go there. I wanted to ask about your 400 and 800 gig product portfolio, particularly, you mentioned the linear drive differentiation versus DSPs. Maybe you could expand on that a little bit more from a technical perspective, and also how you’re thinking about the penetration of linear drive into those data center markets where we are today, where that can go over time, and what it represents is sort of $1 TAM for your company. Thanks.
Steve Daly: Sure. So I’ll try to provide a bit more detail. So where we see linear drive working is when you have 100 gig electrical lane matching up with 100 gig optical lane. That’s the ideal application. So you can run that at 400, you can run that at 800, you can run that at 1.6 terabits as well. When you use a linear drive architecture, you’re effectively removing the function of the DSP or a CDR from the module and you’re having the switch effectively manage the interface, the interface within the module, if it’s a module. So there’s benefits in doing that, just from latency, cost, power consumption. And so that — those are the benefits and you can eliminate the DSP and still be an applicable form. So you can use this for active optical cables, you can use this for pluggable cables.
And so there’s customers like that option because then they can use many vendors to support their deployments. What it requires is certainly a switch ASIC that it requires now the module manufacturer to work very closely with the switch vendor. We demonstrated at OFC a few months back three different module manufacturers with an interop with the Tomahawk 5 switch. So it that was ideal for primarily short reach. And that’s where MACOM has historically service the short reach market that’s just sort of the lane that we’re in. And what we sell into that market are drivers and TIAs, primarily in equalizers. So those are the sort of the three product sets. These are highly integrated silicon chips that have all sorts of creature features on them so that the customers can turn the knobs they need to turn to get the product working.
And so where we stand right now is we have production at 100G. And we are pretty far along with 200G per lane as well.
Matt Ramsay: Thank you for all that detail. I really do appreciate it. As my follow-up, I think it is encouraging to see book-to-bill up to .9, and I think you guys indicated close to 1, hopefully for the September quarter. Maybe you could give a little bit of color if you could on the three segments and how book-to-bill is trending in each of those, or some well ahead of 1 at this point and what those products might be and are there certain end markets where we’re still coming off the .5 that we were last quarter and working our way back up. Thanks.
