“what we've said is it's about 1.2 times long-term revenue growth.”

In context

“t year? Haviv Ilan: Tim, let me start with the second half, and then I'll let Rafael answer the first part. I made a comment because I was asked about maintenance CapEx. What is maintenance? We always have to spend money or to, you know, to fix equipment, to buy replacement parts, etcetera. So I characterize it as kind of mid-single-digit revenue. That's always kind of a run rate you can think about. There's never zero. In a company like Texas Instruments. That's what that was my point. This is when you don't have growth. Right? Now I'll let Rafael talk about CapEx beyond the maintenance. Rafael R. Lizardi: No. So you know, for this year, for 2026, $2 to $3 billion, and there you know, it's a range there. So if we go through the year, we'll update you on that number. And then beyond that, what we've said is it's about 1.2 times long-term revenue growth. So you take, you know, take a number for revenue growth. You do 1.2 times. So 10%, you get to 12% CapEx intensity. But that's a gross number before ITC benefits. So once you get those ITC benefits, you essentially get back to one to one. On that growth rate. So whatever growth rate you assume, you kinda get back to a net capital intensity of about the same level. Haviv Ilan: Tim? Timothy Arcuri: I do, Mike. Thanks. So I also wanted to ask about loadings. It looks like cash gross margin is up, like, 50 basis points or something in March. That would kinda suggest that loadings are going up just a smidge. The bigger question is sort of are you thinking about loadings that you wanna keep inventory sort of in this four eight range? And you just wanna match loadings with demand from here, or do”