We are pleased to announce a very exciting acquisition for Microchip and more importantly for you, our combined Microchip and SMSC customers. As you may have heard, Microchip successfully completed the acquisition of SMSC on August 2nd. We are excited at the prospects afforded by the acquisition and believe it will ultimately benefit customers and partners of all sizes. By building a broad portfolio of solutions, we can help provide even greater freedom to innovate and solve your design challenges.