Cristiano Amon

The industry is now defined by the availability of memory that is going to be available for consumer electronics.

And it creates a sudden change in how OEMs look at their build plan.

And they say, look, I have to size the size of the market, not based on demand, but the memory that I can get for consumer electronics.

In one hand, I'm incredibly happy with the business.

Everything is going well, but then the industry is now defined by the availability, the memory that is going to be available for consumer electronics.

Yeah, look, it's a very interesting situation.

You know, in one hand, I'm incredibly happy with the business.

Like, everything is going well.

Demand is strong.

Macroeconomic indicators are good.

Demand for handset is strong.

We have seen, we had like a record quarter in Q1.

We saw all of our customers reporting sell-through data better than expectations.

But then...

The industry is now defined by the availability, the memory that is going to be available for consumer electronics.

And it creates, you know, a sudden change in how OEMs look at their build plan.

And they say, look, I have to size the size of the market, not based on demand, but the memory that I can get for consumer electronics.

And that's what makes it like this unique period.

Yes.

And that's a great observation.