At onsemi, we believe that the work and contributions we do today will have an impact on a better tomorrow. In 2022, we made significant progress in several organizational and operational improvements. These changes strategically aligned our efforts with our vision of technology breakthroughs for a sustainable future, leading to a year of tremendous growth and success. Despite industry-wide challenges, onsemi expanded its operations in Roznov, Czech Republic; Bucharest, Romania; Bucheon, South Korea; and Hudson, New Hampshire, USA. Our expansion was made possible by the rollout of new and streamlined tools for employees that supported the launch of several new products, enabling customer and technology wins across the business. We also divested subscale manufacturing facilities, allowing us to improve efficiencies and increase our capacity. As a result of the structural changes we made to our business, onsemi was named a Fortune 500® company and was added to the S&P 500® index, both monumental accomplishments achieved with laser focus and dedication of every employee across the globe.