According to Huang, Taiwan is still the most competitive region in the semiconductor industry. Regarding the outlook for 2024, Huang mentioned that the market conditions would improve in the second half of 2024. In the face of competition from China, PSMC has begun to reduce orders for sensors and driver ICs, with the revenue portion estimated to decrease from 30% to 15%. Due to strong demands, the revenue portion of PMICs will increase. In the meantime, as memory demand is recovering, PSMC's customers are increasing their orders, leading to a significant increase in utilization rates, which may help the company turn a profit.