“In the near term, we expect to have an upward bias on inventory as we prepare for long-term growth.”

In context

“de seven. You look at the objective there is to maintain high levels of customer service, minimize obsolescence. We have a range there. It's just meant to be informative and it's 132 greater than 200. I just wanted to clarify that versus the number that you mentioned. Now, the more important thing is, you know, I refer you to slide 13 in that deck. And anybody who hasn't seen that, you can download it from our website, go to slide 13. That shows you how we think about planning for the long-term. So through semiconductor, the ups and downs of the semiconductor cycle and that informs how we manage inventory, also informs how we are investing in CapEx. So we're thinking through the cycles over the long-term, but certainly inventory is one of those things that we take that trend into account. In the near term, we expect to have an upward bias on inventory as we prepare for long-term growth. Dave Pahl: Thank you, Stacy. And we'll go to the next caller please. Operator: Our next question comes from the line of Vivek Arya with Bank of America Securities. Please proceed with your question. Vivek Arya: Thank you for the question. The first one is specific to industrial and automotive. If I heard you, Dave, I think you said industrial was flattish in Q1. I think it was down 10% in the last quarter. So seems like it's starting to flatten out. But I just wanted to check if that's the right conclusion. I think autos was up mid-single in both Q4 and I said and I thought you said in Q1 as well. So that also seems to be in the right direction. So the specific question is, as we look into Q2, how should we think about industrial and auto? Can they stay at least kind of flattish or do you”