|Lots of discussion of the silicon carbide opportunity during the STM call.|
Jean-Marc Chery - STMicroelectronics NV
Well, thank you, Sandeep. So, I answer the first question and Lorenzo will answer the second question. So I really confirm that we expect our revenue from silicon carbide to be about, okay, $100 million in 2018, and I have simply to say we are on track.
Second point, we are engaged, okay, with key players in car electrification, supporting car makers with power modules on a world-wide basis. Today, we have more than 25 project in discussion and I have to say that 85% are about silicon carbide. And as the industry, okay, has been adding capacity, so we are securing what is needed to serve our customer in term of substrate for the short term and we have several silicon carbide substrates, and we are preparing our capital expenditure, okay, for the next quarters and months to support, okay, all the demand we have. So in a nutshell, okay, Sandeep, we are really on track on silicon carbide. And I confirm I am fully convinced it will be important game-changer for the industry.