Analog Devices (ADI) earnings call on Industrials end-markets, increasing SAM and Robotics…“As our business begins to recover from the pandemic’s volatility, we’re excited about the tremendous long-term growth opportunities of the Industrial market. We offer our customers an unparalleled suite of high-performance solutions, stretching from antenna to bits, sensor to cloud, and nanowatts to kilowatts. Our extensive technology portfolio, combined with our deep domain expertise and engineering muscle, has enabled us to secure leading positions across the most attractive Industrial sectors. Now, with growing digital, software and algorithmic capabilities augmenting our cutting-edge analog portfolio, ADI is strongly positioned to solve our customers’ most difficult challenges in factory, in process automation, energy efficiency, secure connectivity, and many, many more.  ADI’s domain expertise and high-performance portfolio across RF and microwave, high-speed and precision converters, power and MEMS uniquely positions us to deliver complete edge solutions, offering our customers scale, velocity, and lower total cost of ownership. As an example, we’re building upon our programmable Apollo signal chain platform today to create full software-defined RF communications and sensor systems, which has the potential to increase our SAM by five times in commercial, defense, and aerospace communication systems. Indeed, we see a path to double-digit revenue growth in this sector in 2025, fueled by several high-value design wins that are going to production. In automation, though we’ve seen a slower recovery to-date, we remain strongly confident in its future growth potential as the benefits of increased productivity are ever more clear. Customers are prioritizing enhanced digitalization and IT/OT integration on the factory floors. Their deployments of in-line instrumentation and advanced robotics are driving the need for more sensing, edge processing, secure connectivity, and power management. Within robotics, we’re seeing a progression from fixed-arm machines to autonomous and mobile robots, to eventually humanoid robots. This evolution creates additional opportunities for our precision signal chain franchise. And sensing, connectivity, and motion control subsystems with fully isolated and efficient power solutions can drive content from hundreds of dollars in robots today to thousands in autonomous and humanoid robots. What is additionally exciting about these advances is their broad applicability beyond factories such as surgical robots and imaging systems in healthcare. ADI’s products have the potential to dramatically improve a surgeon’s effectiveness through a more precise surgical experience with lower latency connectivity. Additionally, patients gain the potential benefits of shorter hospital stays and fewer complications. The evolution in robotics is expected to unlock billions of dollars of potential opportunity for our high-performance analog, mixed-signal, power connectivity and sensing solutions. We see the potential for a doubling of our robotics revenue in the years ahead. This reimagined intelligent grid of the future has the potential to expand our SAM by over $10 billion and creates tailwinds for our energy franchise for many years to come. Given the synergies across our Industrial portfolio, our pace of innovation and the emerging signs of market recovery, we’re optimistic for our Industrial business that has turned the corner and 2025 will be a robust growth year. “