...Morning. Welcome. Let's get started. I'm Vivek Arya from BofA's Semiconductor Semi-cap Equipment Research team. Really delighted to have Eric Bjornholt, the CFO of Microchip, join us this morning for a fireside session. I'll go through my questions, but please feel free to raise your hand if you'd like to bring up anything in between. But a very warm welcome to you, Eric. Really appreciate you joining us. And maybe as I start, I know that Microchip recently updated the guidance up, right? So thank you for doing that a few days ahead of our conference. And I think you mentioned that Steve also gave some incremental details about your inventory write-offs. So maybe just give us a start with state of the union, how you're seeing demand and then what led to the raise in guidance? James Bjornholt ...
