And I think on the question of the margins, it really depends on the program. They’re not all the same and some are more custom in nature that would be more traditional profile. Some are higher. But we still see the blend for the overall company returning back to its towards the low end of the range this year, and then we’re going to keep driving it towards our long-term model in the next year. So at this point, I think it’s too early to call and kind of infer what that the gross margins of those programs would be and then when they ramp versus what’s going to happen next year. So as we get through the year, I think, Matt, we can give you more precision on that. But we’re not changing our long-term growth model at this point in terms of the financial model, whether it’s gross margins or long-term revenue growth and operating margins.
Matt Ramsay: Thanks, Matt. Appreciate the color.
Operator: Our next question comes from Tore Svanberg with Stifel. Please go ahead.
Jeremy Kwan: Yes, good afternoon. This is Jeremy calling in for Tore. I guess I want to focus in a little bit on the custom silicon. It sounds like this business has proven more resilient than other areas of the data center. Is this a function of the nature of those programs and the NRE investments in your customers that may and maybe you get better visibility in true end demand? And also, is this resiliency reflected in some of your ongoing current custom programs, maybe more specifically comparing the pushouts here relative to rest of the data center business?
Matt Murphy: Sure. Yes, a couple of things that are going on. I think as I said, one, because that business and team has done really well in terms of overall ASIC growth, those programs tend to still be ramping. So there’s not a lot of inventory that’s been built that’s been part of the growth. So that would explain some of it. But I’d also note that the breadth of the engagements we have in this traditional custom area, our data center, but they’re also in carrier and they’re also in enterprise. And so as Willem indicated, even within the enterprise segment, we’ve had some mix shift there just with the traditional merchant products, which are much higher gross margin coming down and then some of the ASIC stuff ramping up. So again, I think this is all going to get normalized over time.
But certainly, because of the growth in that area, it’s proven to be very resilient. And I think some of it is maybe because sure, we’ve gotten NRE. You get — I think there’s just — historically, that team has had a — those — that type of business has been one that’s been, I think, a little bit easier to plan. It seems to be a little bit more predictable, I don’t know. But I think in general, it’s mostly because they’re new programs ramping.
Jeremy Kwan: And can you talk about the pushouts here relative to the other segments? Have there been any significant changes there?
Matt Murphy: Sorry, say that again?
Jeremy Kwan: I guess, has the custom program has been impacted by the pushouts you’re seeing in other areas of data center?
Matt Murphy: No. I mean, again, I wouldn’t say that’s a major factor. I mean, again, some of the cloud optimized programs that we talked about, those are custom. But in the short term, the data center impact has really been, again, more driven by storage and the impact on the rest of the portfolio, whether it be custom or optics, or whatever hasn’t been as pronounced, but it’s still going through its own correction.
Jeremy Kwan: Great. Thank you.
Operator: Our next question will come from Blayne Curtis with Barclays. Please, go ahead.
