Aug 07, 2023 / 07:00PM GMT
John Vinh - KeyBanc Capital Markets - Analyst
Good afternoon, everybody. My name is John Vinh. I cover semis here at KeyBanc Capital Markets, and we're pleased to have Michael Hurlston, CEO of Synaptics. Welcome, Michael.
Michael Hurlston - Synaptics Incorporated - President & CEO
John, thanks for having me.
Questions and Answers:
John Vinh - KeyBanc Capital Markets - AnalystSure. So why don't we obviously start with IoT, right? It seems like on the IoT front, consumer IoT's demand has started to stabilize, but you're starting to see much more destocking and more inventories on the enterprise IoT side. So I'm wondering if you could just talk about the application areas in each of these segments where there's the most amount of inventory. Is this mostly related to the DisplayLink franchise or something else?
And then conversely, maybe on consumer, would you say channel inventories are back to normal?
Michael Hurlston - Synaptics Incorporated - President & CEO