Gokul Hariharan: Yeah. Thanks for taking my follow-up question. First of all, could you talk a little bit about time line for your 17-nanometer FinFET? And what kind of demand you’re getting from customers? Is this happening in the next couple of years itself or is it something that will happen beyond the next couple of years, you focus on 22-nanometer migration? And lastly, also, I wanted to check whether the 17-nanometer is something that you have committed to customers as part of some of your LTA arrangements, whether it is for fab 12A P6 or for the Singapore new fab that is coming up?
Jason Wang: I mean, first of all, it’s our understanding that before 2024 the volume production for 17-nanometer will be very minimum, if any, because the 17-nanometer production is still under the exploratory stage. And the current discussion that we have is many the trade-off between the power consumption, transistor performance cost and the capacity plan. So it’s still in a very early stage even to predict when we’ll start the production, yes.
Gokul Hariharan: Okay. And is it covered in any of your LTAs or that will be separate agreements that you sign, if and when you decide to go ahead with it?
Jason Wang: No. It’s not covered on this current NDA — the LTA, no.
Gokul Hariharan: Okay. Understood. Just one quick question, Jason, on your overall view on 28-nanometer industry demand, because we are now hearing TSMC also building a lot of 28-nanometer capacity in Japan, Nanjing, as well as potentially considering Europe. You guys are considering Taiwan as well as Singapore. There’s a lot of announcements from some of your competitors as well. When we look at all this together, it looks like 28-nanometer capacity will be 50% to 60% higher than any of the prior nodes in terms of installed capacity. Do you agree with that? And do you think that the demand is that big that we can kind of fulfill all this capacity, especially as we are also heading into a bit of a downturn?
Jason Wang: Yes. Well, I mean, we definitely don’t look at this from the point of view. We look at from a long-term standpoint, we remain very confident in the 28 and 22. And I can’t really comment — I won’t be able to comment on our competitors’ situation, but we are confident with our own business, mainly from our highly differentiated and customized technology solution. And together with what Chi-Tung mentioned earlier, we have a geographical diversified capacity offering. And we — with the current customer alignment and mutually committed to the — some of the new capacity build that we see in the 28 and 22 is a sweet spot for many of our customer and their applications, which we believe those demands continue to grow. With the strong product pipeline in 28, the short-term market turbulence will not change our long-term view and the relevance on the 28 and 22 based on the alignment we have with our customer.
Gokul Hariharan: Okay. That’s very clear. Thank you and Happy Chinese New Year as well.
Jason Wang: Yeah. Same to you. Thank you.
Operator: Thank you. That concludes today’s Q&A session. I will turn thanks over to UMC, Head of Relations for closing remarks.
Michael Lin: Thank you, everyone, for attending this conference today. We appreciate your questions. As always, if you have any additional follow-up questions, please feel free to contact us ir@umc.com. Have a good day. Thank you.
Operator: Thank you. Ladies and gentlemen, that concludes our conference for fourth quarter ’22. Thank you for your participation in UMC’s conference. There will be a webcast replay within two hours. Please visit www.umc.com, under the Investors Events session. You may now disconnect. Goodbye.
