“So we continue to expect $5 billion of CapEx per year in 2023, 2024, 2025, and 2026. So you should count on that.”

In context

“it is today. Is there kind of a line in the sand for revenue where you would reconsider the plan? I know you've actually increased the plan. Well, revenues continue to weaken, but is there some like tree around, is there some -- if it weakens to this point, you would consider cutting CapEx. Just wondering any comments there. Thanks. Dave Pahl: Yes, let me comment on that. We're very pleased with the progress on our manufacturing expansion. They will provide geopolitically dependable capacity to support customer growth for the coming decade. And as you know, semiconductor content continues to increase. And to provide us the ability to grow at that 10% growth rate that we talked about at the last capital management call, if the market requires that, we'll continue to make those investments. So we continue to expect $5 billion of CapEx per year in 2023, 2024, 2025, and 2026. So you should count on that. Let me also give everyone, as a reminder, these CapEx numbers are gross, meaning they do not include benefits from the ITC or grants from the CHIPs Act. So we're actively working through the grant application process with the CHIPS program office, which we believe will be meaningful to our manufacturing operations in Texas and Utah and will help support semiconductor growth for decades to come. And funding from the CHIPS Act grants was comprehended in our decision making for these investments. Timothy Arcuri: Great. Dave Pahl: Thank you, Tim. We'll go to the next caller, please. Operator: Our next question comes from the line of Ross Seymore with Deutsche Bank. Please proceed with your question. Ross Seymore: Hi, guys. Thanks for asking a question. In the third quarter I think it was the”