Speaker 1: The manufacturing industry is continuing to evolve, especially with the ever-growing need for products, while increasing efficiency, security, and robustness. However, with every growing industry, these innovations come with many challenges. Power efficiency challenges due to rising energy costs, extended operation hours, space constraints, and thermal control are key concerns today. Microchip offers a wide spectrum of high-performance, energy-efficient power management and conversion solutions that minimize switching losses and standby power consumption. Securing the industrial, IoT, and factory automation systems are critical as cyberattacks are always around the next corner. Complex products require connected and secure devices. Microchip's solutions help achieve M2M security by ensuring secured boot, secured firmware upgrade, secured communication, and mutual authentication. Our solutions allow our customers to increase network availability and perform remote deployment securely. The growth of real-time data analysis to run efficient industrial systems ultimately leads to deployment of flexible protocols utilizing multiple operating systems. Microchip offers a wide range of microcontrollers and microprocessors with different architectures to fit the computing needs for any application. Whether you need to run some tasks with core independent peripherals without CPU intervention in real-time applications such as machine learning, or require advanced math and signal processing, we have a solution that would meet your computing needs. Robustness, reliability, and safety are becoming more important than ever before in an industrial system. In several applications, safety requirements are formalized and mandatory, while in others this is implemented to differentiate the product by making it safer and more reliable. Microchip's offerings comprises of several functional safety compliant hardware and software solutions along with required documentation to help you design highly robust and safety compliant systems. Getting started with a new design utilizing proven reference designs is a great way to speed up time to market and save valuable engineering resources. Whether you are new or an expert, you can leverage our expertise and speed up your development as well as certification time by using our certified reference designs. We offer a wide variety of reference designs with complete software and hardware packages for many applications. At Microchip, we are driving innovation in the fields of automotive and transportation, medical, factory and building automation, machine vision, smart metering, agriculture and many more. Save time, reduce risk and simplify your design effort with Microchip.