In the upcoming years, several structural trends will continue to drive our growth, in particular electro-mobility, renewable energies, manufacturing automation, data centers, Internet of Things and an increasing number of battery-powered devices. Thanks to our leading technologies, our understanding of applications and systems and our differentiating expertise in manufacturing, we have achieved an outstanding position in these markets. We want to take advantage of the resulting opportunities and to continue to outgrow the respective markets as well as to increase our profitability step by step. We are making targeted investments for this purpose. Our long-term financial targets reflect this claim. They are true through the cycle and are based on a stable global macro-economic environment. With the addition of Cypress, we will further strengthen our focus on structural growth drivers and serve a broader range of applications. This will accelerate the company’s path of profitable growth of recent years. Cypress has a differentiated portfolio of microcontrollers as well as software and connectivity components that are highly complementary to Infineon’s leading power semiconductors, sensors and security solutions. The acquisition will also improve the financial strength, benefit from earnings accretion and decrease the capital intensity through the cycle. Upon successful integration, we adapt the target operating model.