Ambrish Srivastava: Hi, thank you very much, Dave. I’ll just stay with autos. So it’s interesting data point versus the pre-pandemic. But I’m just looking at the auto business and the rest of the business everything is decelerating as you would expect, and auto seems to be, if not accelerating, kind of in that high-20%s, 30% range. I just wanted your perspective on, what’s your sense? Usually all these things are pretty interconnected and maybe it’s a quarter or two quarters before everything going to follows the same cadence. So, we’d just love to get some perspective from you guys on the disparity between autos and the rest of the broader businesses.
Dave Pahl: Yes. Ambrish, thanks. I’d say that as we €“ you almost have to go back to the beginning of the pandemic and how revenues behaved as we went through first quarter and into second and third. And if you remember, as the pandemic spread in third quarter, we saw wide and very deep cancellations across all of the markets including automotive. But as we all went home to set up our home offices, we either bought a new monitor or a printer or PC. So very quickly our personal electronics customers came back and came back very strong if you remember. The other markets began to follow, but automotive was the last to respond. And people early in the pandemic weren’t shopping for cars, they weren’t going out of the house. So they had that issue.
And as manufacturers tried to reopen, they had more issues with COVID protocols and working to bring their plans back online. So it’s not too surprising that there as an asynchronously came out. It’s asynchronously going down. So €“ but all these markets we believe over the long term will behave the same. And at some point we believe that we will see a correction in automotive. It may not, but we don’t €“ we just don’t know. And we’ll continue to ship product to customer demand. It’s obviously very strong. There’s lots of reasons why besides us gaining share, there’s more content, there’s mix and other factors inside of that. But clearly there’s inventory built across all markets. It’s inclusive of automotive. So do you have a follow-up?
Ambrish Srivastava: I did. Just a quick one on the cash grant side of the CHIPS Act. And whatever I have read, it may be incorrect. But my recollection is that in Q1, Q2 timeframe, the government will delineate kind of the guidelines and what’s your expectation of when that cash starts to come in?
Rafael Lizardi: Yes. So the CHIPS Act has both an ITC, investment tax credit and grants. So you’re asking about the grants. We’re still working through those details. We do not have an update to share right now though the applications open in February. So we are actively €“ we’re going to actively seek funding on those in whatever €“ for whatever we could qualify. So we’re going to submit our application in February. But right now, we don’t have any information to share on that. The €“ all the accruals that we have taken so far, the 400 million that we have taken are all for the ITC, for the investment tax credit, 25% investment credit for U.S.-based manufacturing.
Ambrish Srivastava: And the timing on that, Rafael, you will let us know about when that flows through the cash flow later on, right?
