We believe that Rohm Semiconductor is well positioned for growth over the next five years, driven by cyclical and structural tailwinds from the automotive industry. Electrification continues to be the primary driver for automotive power chips as electric powertrains require more semiconductors for power management and distribution. Power chips account for 15% of the semiconductor cost of a traditional internal combustion engine vehicle. The total cost of these power chips increases tremendously with electrification, up to 50% of semiconductor costs in battery electric vehicles.