Customer inventory levels seem to now be stabilizing and booking trends are improving, following an inventory digestion period since 2023 that reduced demand, especially in the Consumer&Commercial and Datacom&Specialty segments. AI-related data center investments and the release of the new Apple iPhone 16 model are demand tailwinds that further support our revenue recovery expectations in 2024. We expect continued strong demand for high-speed and power interconnect products related to data center applications next year and that Molex will invest in production capacity to meet this demand. We believe this will help increase revenue by about 10% in 2025. This is in addition to the secular trend of increasing electronic content in vehicles and stable demand pipeline
