So at our China customers, as Bob mentioned, we received top supplier awards for innovation, quality, supply, strategic partnership for 2023. And that includes awards from Honor, OPPO, Xiaomi, and Vivo. And we’re also proud of our position in Android outside of China as well. Bob highlighted the great content in the new Samsung Galaxy S24. For multiple years now we provide a full lineup of ultra-high band, mid-high band, secondary transmit path, low band, tuning and Wi-Fi and this year we added ultra-wide band. We’re also excited to receive initial purchase orders for our next generation mid-high band with integrated diversity receive. We announced that product a few quarters ago, and we have our first purchase orders for a US-based Android customer.
And this part brings a new level of integration for size and performance, leveraging our latest filter technology for BAW and SAW. And we’ve also got a lot of other great content on that phone that we’re excited to tell you about in the future as well. We believe we’re best positioned to grow with our Android customers as their products continue to transition to 5G over the coming years. And we’ve got a lot of great new opportunities in content we can address with ultra-wideband, touch sensors and power management. So we feel really good about our position really across the entire Android ecosystem.
Ruben Roy: That’s great. Thank you for all that detail. Quick follow-up for Grant on the Luxshare commentary. How are you thinking, Grant, about sort of longer-term CapEx? Clearly, this is part of sort of the longer-term strategy around CapEx, but if you could speak to that. I know the deal is going to close first half of 2024, so maybe a little bit early, but has anything changed, I guess, with the strategy around CapEx and cash flow assumptions that you have as you think about sort of the next 12 to 18 months?
Grant Brown: Sure. The cash flow question, I think — as we look forward, as I’ve always said, we’ll follow the P&L. So, largely that’ll be dictated by our — by the growth that Bob mentioned in fiscal 2025 and 2026. In terms of our CapEx as a percentage of the top line, we do expect it to continue in that 5% or less category. If there are capacity additions made, it will be in response to demand and the capacity required to serve it. As it relates to the sale of Beijing and Dezhou, we’re really excited to partner with Luxshare as we transition those sites. The agreement is over multiple years, and there is obviously some benefits there for Qorvo as the volume increases, and we found a great partner to help reduce our capital intensity and we’re confident in their ability to provide the cost improvements that we’d expect over time in a rather similar relationship to what we incur today cost-wise at those locations.
Operator: Thank you. The next question comes from Edward Snyder with Charity — I’m sorry, Charter Equity Research. Please go ahead.
Edward Snyder: We’re not at charity just yet. A couple things. Bob, thank you very much for clearing that up [indiscernible] I really appreciate that, that creates a lot of confusion. Maybe we can shift gears in a little bit, on the Android market I know [indiscernible] very well in China and the whole inventory suggestion, that’s all I think fairly clear now. But when you get back to the normal run rate here, the content game seems to be shifted a little bit. The Chinese suppliers have picked up a little bit, but they don’t seem to be threatening you in modules. And now you’re talking about these very high integrated modules which would separate you from any other competitors. I think only [Skyworks] (ph) even has that part yet.
So one, content wise, by combining all that into a single module, it must be — the sum of the parts isn’t quite equal to the individual pieces. Is it a content decline just on average or are you pulling in content that you may not have had before or are they paying for a premium? So I’m just trying to get an idea of how that shakes out when China finally gets back to a normal run rate? And then I had a follow up, please.
Dave Fullwood: Yes, this is Dave. It kind of depends. So when you — Bob mentioned our low-mid-high, and so that’s a combination of what used to be the mid-high band, which we generally enjoyed a pretty high share of that. And the low band, which we had good share, but we shared a lot of that with some other competitors. But when we integrate the low, mid, high altogether, obviously, we can pick up some content there overall as we support customers with that platform. You also have to look at the different SKU strategies that our customers have. So depending what markets they serve, there may be more or less filter content. So we work with them, as Bob mentioned and I mentioned as well, on their long-term road maps to help architect, to support their solutions across those different tiers. So whether they’re doing a global SKU or they’re doing regional SKUs, we can tier the product along with that to fit the need that they have there.
Edward Snyder: Great. And then if I could, you historically haven’t sold discrete filters in quite a long time for lack of memory. I know you’re doing it now. Is that why — well, first of all, maybe give us some idea of where those are going. Is that mostly into WiFi? I mean who, where, what? And is it driven mostly by the fact that you have capacity in Texas to support that, whereas you’re not seeing maybe as much in some of the modules that you did before? And then — yes, let’s just do that one.
