“At least the first part of 2023, yes.”

In context

“ms you’re represented. And how long would it last? Who knows? It’s hard for me to figure out, because I’ve been wrong so many times, and this is now going on into the almost – 2022 is done and is strong. We’re now booking, given our lead times I indicated, in 2023. And 2023, I think, will be – at least the first half of 2023 will still be pretty close to the same. And it’s the latter part of 2023 and 2024 that we have to figure out whether there’s enough supply that will start coming in to basically address what is today and what we’re seeing, an extremely strong demand environment, whether it’s from enterprise, telcos and service providers and hyperscale, all three are strong. Vivek Arya: Got it. So price stickiness perhaps can continue into 2023. I just wanted to clarify that. Hock Tan: At least the first part of 2023, yes. Vivek Arya: Thank you, Hock. Operator: Thank you. Our next question will come from Stacy Rasgon with Bernstein Research. Please go ahead. Stacy Rasgon: Hi, guys. Thanks for taking my questions. Hock, I wanted to ask about gross margins. So you did like 75.5% in the quarter, 71% for semis. And if I sort of like squint at your guidance, it implies gross margins into Q2 at least at that level, if not even probably higher. And this is amid cost increases and everything else. So I mean how do we think about like the limited – I know you always talked about margins kind of going up 100 basis points a year, and they seem to be doing even better than that. Do we just keep modeling them going up from here? Or do you think they take a pause? Are there are any other drivers like into the back of thi”