Jim Scholhamer: It is not. It’s mid-single digits and on its way, we believe in a within a few years. But yeah it’s — I think Charles mentioned the other. The other has ASM, ASML, KLA as well as the Chinese OEM. So that’s where you see a lot of the numbers pile up.
Krish Sankar: Very good. Thank you very much. Very helpful.
Operator: Your next question comes from the line of Christian Schwab from Craig-Hallum Capital Group. Please go ahead.
Christian Schwab: Congrats on the good quarter. Jim, when would you anticipate your memory customers utilization to improve enough to show up in the Clean business?
Jim Scholhamer: We’re anticipating – we’ve been pretty consistent about the WFE side of it, the product side, probably not improving until 2025, and I think we are sticking with that. On the services side, it’s difficult to predict. It’s definitely outside of our bottoms-up window. But you would anticipate from the past that we’d see that start to tick up in this latter half of 2024 to start to see the equipment orders coming in, in 2025.
Christian Schwab: Okay. Okay. And what is your kind of baseline thoughts of what you would anticipate WFE growth to be in 2025? And then the next question to that would be what type of growth rate would you anticipate you’d be positioned for to outgrow WFE on a go-forward basis, similar to what you did in the last up cycle?
Jim Scholhamer: Yes. I think we’re — our current views, which we’re always updating is low-double digit in 2025 growth in WFE. And of course, it’s always difficult to predict and things tend to be stronger than you expected weaker than you expect, depending on the — where we are in the cycle. As far as outgrowing, I think it’s the same formula we’ve been following for years that have led to our outgrowing WFE. We have a lot of, I’d say, where is a lot of the runway or the green pastures, the opportunities. The HIS acquisition has a lot of growth expected in that segment with all the fab build-outs and there’s strong position there that we’re making stronger from our Fluid Solutions acquisition as well. I mean we have a relatively have a great product line, but a relatively small market share versus the two industry leaders, but we’ve been working on getting those qualified in our main customers that prior to our acquisition, that was a slower slog for Ham-Let, the company that we bought.
So we’re seeing that accelerate, as well as, I think, with – I would say we’re pretty well penetrated at our largest customer, but I think when you look at the second, third and fourth, there’s a lot of opportunity there for market share growth within those customers.
Christian Schwab: Okay. No other questions. Thanks, guys.
Jim Scholhamer: Thanks, Christian.
Sheri Savage: Thank you.
Operator: There are no further questions at this time. I would like to hand the call back to Jim Scholhamer for closing remarks.
Jim Scholhamer: Thank you everyone for joining us today. We look forward to speaking with you again next quarter.
Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation. You may now disconnect.
