Joe Massaro: Yes. Well, the only thing and it’s a nuance, but I think it’s important, particularly as it relates to the magnitude of the costs, the price reduction we said was in part due. So it’s not a direct correlation between sort of the increase in expenses and the amount of the reduction. So to Kevin’s point, it gave us an opportunity to talk to the sellers about pricing we did, but the deal remains accretive in this year. And again, as we said in our press release, it’s no changes in sort of the strategic outlook or our view on the long-term €“ long-term opportunities Wind River.
Rod Lache: Thank you.
Operator: We’ll hear next from Adam Jonas from Morgan Stanley.
Joe Massaro: Hi, good morning, Adam.
Adam Jonas: Hi. Just wonder €“ I want to follow-up on Rod’s question about production disruption because the guide for down 1% does seem — it seems surprising to some people, given if you look at like the PMI shipping index back to pre-COVID levels in terms of implying logistics costs and shipping timing more back to normal chip companies are taking down supply because they’ve seen that kind of just in case channel buildup is kind of running its course. And so you are highlighting a couple of companies, and I respect that there’s still some choppiness, but it seems like you’re implying that production disruption in 2023 gets worse. I mean, you’re implying net headwinds, right? So you’re implying it gets worse than in 2022. Help me understand that because that’s a pretty weak comp, pretty comp in terms of how bad things were last year.
Kevin Clark: Yes. Adam, listen, as we’ve talked about in the past, when we provide our guidance and build our forecast, it’s off customer schedules. And when you look at the nature of our business, especially our SPS business, we’re on one in every 3, 3, 3.5 vehicles globally. So we get a very good view to the underlying market. We also, given the nature of our ASUX business get a very good view to what’s going on from an overall semiconductor availability and supply chain standpoint. And I think when you look at the semiconductor challenges as they’ve evolved from 2021 to 2022, then 2022 to 2023, it’s really much more focused on rather than a general supply constraint standpoint, specific suppliers who are causing constraints.
And we expect that to continue into 2023. It certainly was the case in 2022. And those two factors are effectively, they’re impacting our overall outlook for the full year, which again, as Joe said in the past, is based on the customer schedules that we received.
Adam Jonas: All right. Appreciate that. And just a follow-up. Imitation is the ultimate form of flattery. Qualcomm wants in on software defined and kind of the kinds of products you’re doing in safe and connected. Mobileye wants to compete with you. I seem to recall you used to quote a 70% type win rate in ADAS and ASUS broadly. I think that sounds familiar, right. I always felt that was a bit too high, kind of a high watermark, but how has that trended in recent quarters now that you’re seeing the competition may be creeping in on the forward X?
Kevin Clark: Yes. I think it depends on your baseline and what comparison you’re trying to make, whether it’s a full system solution, a platform solution or it’s a unique to a perception system, as an example, a radar solution. Obviously, ADAS penetration has accelerated and continued to increase over the last several years. I haven’t seen or we haven’t done the math on the pursuit relative to win. I’d say, it’s still relatively high on a platform basis. I would say we’re very focused on investing our efforts in those areas where we have a high likelihood of winning. So based on that sort of approach to pursuing ADAS platforms, I would say, it would continue to be relatively high. I’m not sure if it’s quite at 70%. But we still continue to have a very strong position.
