Will Stein

Can you comment as to how far along you are in the process of converting customers to the subscription model? Is that close to complete?

it seems from the news headlines about tariffs and about Deepseek that there may be some disruption. Some customers and some other complementary suppliers seem to feel a bit paralyzed perhaps

It sounds like that was equipment, but I wonder if there was any inventory in that as well

I wonder to what degree you have considered or are still considering another approach like doing ASICs to establish a better position

how do you manage the division of efforts and recruiting and talent and capital between these 2

Can you update us on what we should expect this thing to actually look like

Are you seeing either based on customer willingness to place the orders or of your own lead times to customers, have you seen an extension in the orders further out

Would you be able to disclose the book to bill to us? And maybe even more interesting, has the duration of your backlog changed at all in the quarter

you just delivered a plus 16.5% result year-over-year. And I think you're guiding to plus 11.5%. So how do I reconcile this

if you can remind us or update us as to your current and maybe future anticipated exposure to the rapid growth AI markets

One of your somewhat smaller competitors in analog and and embedded for similar product profile, perhaps a bit more narrow

I wonder if you could talk to us about the breakup between in growth between pricing and volume, specifically as it relates to tariffs