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Alias Born | 11/04/2005 |
Tuesday, June 14, 2022 9:54:28 AM
Given we had strong relative performance on the IP side of our business, we also achieved very good gross margins. There were several key drivers to our record-setting quarter which included the continued ramp of a Nick-to-ToR [ph] AEC Solution at a leading hyperscalar, as well as multiple new IP license wins and IP revenue recognition from backlog with an industry leader in the consumer market. We're encouraged as we move into fiscal 2023, as we see increasing strengthened demand for our solutions, as we deepen our customer engagements with industry leaders including hyperscalers, optical module manufacturers, and networking OEMs and ODMs.
As we previously mentioned, we're addressing a large and fast-growing TAM within the high end of the Ethernet Connectivity market. Based on industry reports, we believe our overall TAM will exceed $5 billion in the upcoming years.
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