Scott Searle
Lastly, and then I'll hop back in the queue, but talking about the growth this year, that 30% to 40% growth in 2022, it sounds like you have both a combination of strong visibility to that in terms of your backlog and pipeline as well as your supply at a wafer level. Can you flex higher, does Renesas help on this front? I'm kind of wondering, in that, what are you factoring in in terms of contribution from the new Cat 1 product portfolio and if there are any larger smart city opportunities in there? Because I think that there were some larger potential opportunities there, timelines there where were a little bit fluid. So wondering what's kind of factoring into your current thoughts for 2022.
Georges Karam
We're factoring, essentially, the deal we have in hand more than what could happen or quite an advance and could turn some revenue this year. Obviously, all the new engagement, they are not really on track now to move to mass production quickly. The probability that they will contribute to revenue this year will be very limited, maybe towards the end of the year, but it's on the edge. Specifically, the new platform, Cat 1, we're not factoring revenue this year. We are assuming this will be more beginning of the next year. We could have some positive surprise if things move differently from this thing. And, obviously, we're leveraging the deals that are quite secured with our partners, the design win with Renesas or others. So there will be contribution of Renesas in our revenue this year. We are sure about it.
Now, on top of what I said in terms of guidance, we're taking into account the supply chain constraints, obviously, if we have more positive demand from customers and so on, we could start hurting the supply. So, when I'm giving my comment on the supply, it's really the supply we need to cover those kinds of numbers. If at the end, we have much more demand than this accelerating, then the limiting factor becomes, again, the supply. It doesn't mean we'll not be able to fix it. Because, as I mentioned, the Renesas deal could help from this angle as well. But for the time being, I'm just limiting to what we – deals we have in hand and supply to serve this deal. This is the number I'm factoring. This is the element I'm taking into account to mention this number, 30%, 40% growth. |
