“if revenue materializes in the future and we expect that to continue, then we ramp up the factories and that helps with the loadings and that tends to take the 75% to 85% towards the high end of that range.”

In context

“ery similar to what I've said before, but it all starts with revenue. So, revenue is the number one driver of gross margin, both dollars and percent, going forward. You model your revenue, then you fold that through at 75% to 85%. And then, after you do that, then you have to adjust for depreciation increases. And I already gave you the depreciation numbers, so you can model that in the future. This works much better if you do full years and you do it over the long term rather than any given quarter. And on that, the other factor that you have is the factory loadings or underutilization. Right now, as I mentioned, we expect a hit from that in first quarter, but that just as it's a hit sometimes, it's a benefit when you go the other way. And -- but that depends on revenue expectations. So, if revenue materializes in the future and we expect that to continue, then we ramp up the factories and that helps with the loadings and that tends to take the 75% to 85% towards the high end of that range. If that doesn't happen, then you're looking at the lower end of that range. Haviv Ilan: And the last note, and I think you touched it before, Rafael, is related to our execution. So, of course, revenue, we want to grow it and definitely, we want to do it faster than the market. That's always our objective. But on the other hand, it's that LFAB execution, right? We are executing our transition from our foundry business into Lehi. I expect that to have a step forward in 2025, especially as our automotive business, we have a bunch of products that are what we call -- they have a safety effect that usually the call is a little bit more complex, it just takes a little bit longer, but we are moving well on that execution. And again my expectation from the team is to meet our commitment to our c”