GlobalFoundries Inc.

relatively flat depending on exactly what the final mix is.

Got it. Thanks for that. And then from an end market perspective, you said earlier that you reiterated the bumping up against the billion dollars in the automotive side of things. So that's really impressive growth. And it seems like that could get you that slight sequential growth in the back half quarters all by itself. Are there other segments that you expect to continue to go down in the back half? It seemed like you said that inventory should be pretty normalized, so I wouldn't expect them to go up that fast necessarily, but it didn't sound like anything was going to go down. So what's really the offset to the automotive growth?

Sure. When you think about the sequential growth in the back half of the year, really what you're looking at is you're hearing us say, when we say slight, hearing us say we feel we feel good about the industrial and the governmental portion of home and industrial iot so that's the and as well as the industrial business and iot we feel good about automotive we've taken a more cautious outlook on the low end of consumer as well as the lower end of the handset market and so that's what you've heard us communicate is just the fact that we We feel good about those markets on the aforementioned comments. And then the other markets, we've just taken a cautious outlook. And if the inventory normalizes the way we expected, then perhaps we'll do slightly better. If the inventory and the macroeconomic kind of low-end malaise continues, then we'll be in line with what we told you. So we feel like we've positioned ourselves conservatively. Thank you.