Gene Sheridan: Yes. Silicon carbide, it depends on the power level and the application, but in general, the silicon carbide devices tend to have ASPs that’ll range from anywhere from $2 to $20. It can extend, beyond that range. It depends on the power level and oftentimes you’re paralleling many of them in some systems, depending upon, again, the application of power level. It can be dozens of devices and dozens of dollars, if not $100 of content per system. But it really does vary depending on the power level and application.
Trevor Janoski: Okay. Thank you. And a quick clarification, you stated that the mobile charging should be less of a percentage of revenue in 2023 relative to 2022. Did you mean total revenue or GaN revenue?
Gene Sheridan: No, total.
Trevor Janoski: Total. Okay. All right. Thank you.
Gene Sheridan: Yes. Thank you. Trevor.
Operator: Gould with Gould Tactical Growth, your line is open.
Dick Gould: Hi. Yes, this is Dick Gould. As a follow-up to Kevin’s question on the silicon carbide supply, can you give a sense of how much the insufficient supply in silicon carbide held back your revenue? It sounded like you could have shipped more had you had the substrate available.
Gene Sheridan: Yes. Are you referring Dick to Q3, Q4 last year?
Dick Gould: Yes. Yes.
Gene Sheridan: Yes. I don’t think we gave specific numbers. It’s always hard to judge because there’s quite a bit of demand there that could have been shipped. But certainly 1 million or 2 million per quarter is sort of a conservative estimate.
Dick Gould: Okay. And then just to follow up on the GaN side, can you also describe your supply situation? I understand you are adding to supply over the course of this year, I guess, I mean, I’m assuming similarly to silicon carbide ramping gradually from first quarter on?
Gene Sheridan: Yes, actually and last year we had announced this that TSMC had tripled the capacity last year. Most of that capacity was added I think by the end of last year when you couple that tripling and we took a big share of that capacity as their leading customer. With the softening and the channel mobile market that we saw middle of last year and the second half of last year, that opened up a lot of capacity. So it’s a pretty different situation. We enter the year with a pretty strong capacity situation. We are not supply limited in the case of GaN and we expect that’ll continue throughout the year.
Dick Gould: Terrific. Thanks.
Gene Sheridan: Thank you, Dick.
Operator: Sam Peterman with Craig-Hallum, your line is open.
Sam Peterman: Hey guys, thanks for taking my question. I think I heard Eugene say in response to a question earlier that mobile as an end market was going to show growth in 2023 over 2022. I guess that was a little surprising to me just given kind of the run rate that you’re exiting the year at. Can you talk about I guess, did I hear that right? And then can you talk about kind of the assumptions that are baked into your mobile outlook for the year?
