“Whereas in SG&A, the focus there is efficiency, so continue to drive efficiency. So there the -- it will probably grow, but at a much lower pace than R&D.”

In context

“I believe is strong to short-term. Dave Pahl: Do you have a follow-on, Ross? Ross Seymore: Yes, I do. One for Rafael. On the OpEx side of things, just a conceptual question, as we look into 2025, kind of what would be the puts and takes on OpEx? And I guess the punchline is, you guys have kept OpEx in certain periods of time barely growing year-over-year. In other years, inflation has been something you guys have had to endure as well. So how do we think about OpEx kind of structurally in 2025? Rafael Lizardi: Yes. In fact, for 2025 and beyond, the way to think about it is, we continue to have a disciplined process, as you alluded to on our investments and our OpEx. But when it comes to R&D, we'll continue to invest there. So you'll see our investments grow overtime and continue to grow. Whereas in SG&A, the focus there is efficiency, so continue to drive efficiency. So there the -- it will probably grow, but at a much lower pace than R&D. And, of course, a revenue, the goal is for both of those to be under the revenue growth for the foreseeable future. Dave Pahl: Great. Thank you, Raf. And we'll go to the next caller, please. Operator: Thank you. Our next question comes from the line of Stacy Rasgon with Bernstein Research. Please proceed with your question. Stacy Rasgon: Hi, guys. Thanks for taking my question. I wanted to drill a little bit more into that China strength. So you're seeing it in auto. Are you seeing any signs of like China strength in analog or anywhere else in any other end market? Is it just completely focused on automotive at this point? And I guess what I'm getting at is, I'm trying to judge the propensity of some of the Chinese guys maybe to be buying more. We've got an election coming up. Nobody exac”