Tickerthe anti-fintwit
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@MKSI solid

That's a great question, PCB-substrate. You know, I would say this: the Materials Solutions division was built from the Atotech acquisition, which closed in August 2022, and its outcome splits three ways. There are two drivers - one is our market position as one of the market leaders in the chemistry that bonds circuit-board layers, with AI-related advanced-PCB chemistry up roughly 22% year-over-year on a constant-currency basis. The other is we're paying down the $3.6 billion net debt from that acquisition. The best people to answer that are probably our customers.

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MKSI / The Atotech ledger, in three columns