Smartphone sales were down 15% year-over-year in the first quarter of 2023. As a result, design-ins of MCUs are 10% lower year-over-year, based on activity across the Supplyframe network. This correlates to drops in consumer demand, and is a pattern we'll likely see continue into the future. Manufacturers can view this as an opportunity to reduce cost for MCUs. Particularly those sourced from Chinese and Taiwanese MCU suppliers--after recently increasing capacity, they may be more competitive on price.