Michael Hsing: All right. Let me answer your first question. And you said it’s inactive in the M&A market. That’s not true, okay? And we follow our — well, it’s not really a policy. So we follow what we do for the best for our shareholders. We don’t acquire revenue. The reason is cheap to grow revenue for MPS. But we do look — do apply technology. And so this is the — in the past, actually, we acquired a field and financially immaterial with our shareholders. And at this time, and it’s big enough, we made these disclosures. And to talking about this Axign, is the company that we work with in for three years already. And it’s proven that their technology and with our power stage and there will be a huge benefit for — in audio signal to audio amplification fields.
And we have a proven in a very, very, very high-end customers and make these products as a very unique and never achieved in histories that no zero disposing signals and same to speakers. And the cost is very low. The way we achieved that. And also, we achieved a lot of programmable is also software adaptive. And that — I see it when I listen to those sounds, it’s really — you bring audio first we put in the press release, putting audio quality to everybody’s home to lower down — really low down the cost. And that will revolutionize how we listened.
Bernie Blegen: Matt, I’ll take the second question then on the guidance as far as what we’re looking at for Q1 here. The growth driver is remains the enterprise data. The positive there is that in addition to AI, we’re also seeing incremental positive demand for our traditional CPU data center solutions. When you look at the other groups, you — basically, we see a flattening in comms, but then we see declines that sort of range between the high single digits and low double digits in the sequential growth between Q4 and Q1 for the other groups. Does that answer your question, Matt. Gen, I think we can move to the next one.
Genevieve Cunningham: Our next question is from Tore Svanberg of Stifel. Tore, your line is now open.
Tore Svanberg: Yes. Thank you, Michael, Bernie. And congratulations on 12th consecutive year of growth, especially in this environment. That’s stunning. My first question for you, Michael, is 2024. So you’ve already talked about AI and Bernie just sort of gave us directionally things for Q1. But you always seem to surprise us a little bit but something throughout the year. So I’m just wondering, is there anything that you could share with us that could happen either in industrial or communications. I’m not thinking about cyclical stuff. I’m thinking about more sort of new secular stuff that you’re working on that could surprise us on the upside this year.
Michael Hsing: Well, instead of — well, last year, the growth is not very spectacular. It’s like what is a single digit — 1.5%. Okay. It’s — Yes, okay. But this year, I think is who knows. In last year, we didn’t know until ChatGPT happened. Then the AI business took off and was out of our expectations, I mean, we didn’t know. But to answer your questions to comment your question 11, what is it, 12 years, 11 years in consecutive year-by-year growth. And it’s — we follow our principles. And again, we want to — first thing, okay, we want to make sure it’s all the product, what we deliver to our customers is the best product, best performers. And we want to beat all our competition. That’s number one. Number two is, we react.
We react fast, we’re nimble, and we fulfill our customer demand. And that’s sort of pretty simple strategy that we followed and we kind of disregarded of what the market segment does. And we don’t chase those market segments. This year, who knows, okay, with one of the segments and we’ll grow, but I don’t expect it we’ll grow as big as AI, okay? But maybe a couple of small segments happening and I do see that. And we do see that in the recent quarters and the last quarter source and we see all these orders come in and they came in as we expected, those products are truly better than our competitors.
Tore Svanberg: Makes sense. And as my follow-up, I think most people, when they think about MPS, obvious they think about power management and how much share you’ve gained there. But when I look at the Axign acquisition, I think about your penetration into the data converter space, you’re doing much more stuff on the single processing side. I mean, you’re clearly building out, I think, a pretty impressive portfolio in what I would call more the mixed signal part of the market. So will you be able to maybe share that with us over time? I don’t know, a percentage of revenue collectively so how much these subsegments can represent for the overall business?
