Amnon Shashua: Yes, but do we say the number at the no we said. We did not reveal the actual – volume, but I think. What did we revealed there.
Anat Heller: Yes.
Amnon Shashua: We said that – that we said that we’re more than double volume.
Anat Heller: For the half only.
Amnon Shashua: For the overall volume.
Anat Heller: The first half will be much weaker than the second half.
Amnon Shashua: Yes, we’re not – we’re not revealing specific for quarterly. But – we talked about revenue being about 40%, 41% in the first half versus the second half. That’s a combination of EyeQ and SuperVision, but yes the second-half ramp up of SuperVision is significant. Because of the new capacity that’s coming online.
Dan Galves: And overall 2022 – SuperVision will be more than double of 2022, so more than 100% year-on year growth.
Vijay Rakesh: Got it. And then as you have these OEMs accelerate into ’24, we should probably expect and you talked about kind of building capacity for that we should expect that safe to kind of grow and then pretty nicely in ’24 as well, right?
Amnon Shashua: Yes, so 2024 there will be additional OEMs it’s not only ZEEKR, ZEEKR it’s not – currently its ZEEKR 001. That’s one brand, there’s another brand of. ZEEKR coming to launch throughout end of 2023, beginning of 2024 and then there are additional Geely OEMs that are kicking-in in 2024 and then 2025. We’re talking about OEMs outside of the Geely outside of the Geely Group.
Vijay Rakesh: Got it. And just quickly on the – I know in ’23 you have on the core EyeQ side you have Toyota ramping. Can you talk to what drove the win, how you were able to kind of displace incumbent, what really drove that win that will then help all of us? Thanks.
Amnon Shashua: Win with which Toyota.
Vijay Rakesh: Toyota.
Amnon Shashua: With Toyota that was a design win of – two years ago I don’t think we displaced anyone it was a bid and we won the bid. And the program is ongoing it hasn’t launched yet.
Vijay Rakesh: Got it, thank you.
Dan Galves: Thank you, Vijay.
Operator: Our next question comes from the line of Adam Jonas with Morgan Stanley. Please proceed with your question.
Adam Jonas: Hi, everybody. So, was wondering if you could give a little bit of guide on CapEx, where is it going even directionally in ’23? And I’m curious if operating cash flow can keep pace with growth in operating profit or does that kind of lag as well, given some of the expenses?
Anat Heller: Yes, so we expect CapEx to be similar to the investment in 2022. Our new campus is planned to be completed during the second quarter and additional investments for completion is about $60 million. The remaining CapEx investments relates to storage, datacenters and computer equipment and such.
Adam Jonas: Thanks, Anat. And just a follow-up, could you help quantify the shifted engineering expenses that shifted from 4Q into 2023, either in margin or dollar terms? And the same, I guess if you could, if it’s possible to quantify the pull forward of volume ahead of the price increase, but mainly the engineering expense is something I would hope you could just help quantify for bridging purposes? Thanks, Anat.
Anat Heller: Yes so it’s about $14 million chip that was made.
Adam Jonas: One four, 14 to be clear.
Anat Heller: One four, 14 yes to be clear from this year to next year it’s mostly about the NRE expenses. But it’s not a very significant number out of the total OpEx mix in 2023.
Adam Jonas: Thank you. .
Dan Galves: Thanks, Adam.
Operator: Our next question comes from the line of Samik Chatterjee with JPMorgan. Please proceed with your question.
Samik Chatterjee: Yes hi. Thanks for taking my questions. I guess, for the first one, I was just wondering if you can talk about what you’re seeing on the enhanced ADAS solutions, particularly in terms of being able to upsell customers when it comes to sort of basic ADAS and nearing REM. On that, how much of, you talked about the ASP increase expecting for 2023, but how much of that is going to be driven by being able to sort of sell enhanced ADAS solution or it the basic ADAS and how are you seeing OEMs adopted at this point? Is it really more of a high-end sort of adoption or they looked a little bit more down market, and I have a quick follow-up. Thank you.
