Ian King

Everything that's got an on and off switch, that's where they are.

What they said was, again, you were very careful and they're incrementally better.

They had been talking about...

A recovery being kind of off pace, not as kind of robust as we would normally get.

Now they're saying, actually, orders are improving and are continuing to improve.

The signs are now better.

Yeah, that's a very good question.

The answer is they confirmed the AI vibe is good for them.

It's now a significant business, but really it's not the main business.

The main business for them remains industrial and automotive.

The things that are a broader, I mean, we know that data centers are big, right?

And they confirmed that.

What they told us was that industrial is getting better as well, which is what we want to hear.

Yeah, I mean, they talked about consumer electronics not being fantastic, and that's because consumer electronics actually recovered earlier than there are other markets, and now it's kind of slowing down a little bit.

Some of the consumer electronics devices, home theater, maybe PCs a little bit, memory dependent.

We talked about memory.

The price of memory is going up.

That's no secret, and that has a knock-on impact.

Yeah, I mean, with a company that's become as important as it has to a whole industry and arguably the stock market and the economy as well, you usually like to have a better idea of who the people at the top are.

And even people like myself who've been looking at this company for a very long time, it's him, right?