What is the company's revenue for the 2020-Q3 period 
of compare/contrast and you expect that ecosystem around 5G is likely your most robust factor in fiscal '21 at this early juncture?
Sundaram Nagarajan -- President and Chief Executive Officer
Yeah, the 5G -- 5G activity -- the activity remains strong. Project activity remains strong. We get invited to lots of different projects where we're working on. But it is, at least for the moment, it has got a lot of promise, as we've talked about in the last couple of quarters, lots of promise, a big secular driver for this business, but not a needle mover at the moment for us.
But why we're excited about 5G is, not only just the handset. We really want to think about 5G in a broader terms around the base station infrastructure build-out, which is sorely behind. You really find there is a lot of advertisement and marketing around 5G. Really, the usefulness of any of that only depends on if you are near the cell tower. Remember, these are fairly weak signal, so you've got to really be almost on top of one of these things to experience this awesome technology that is coming. But eventually it will happen. So we are excited about the base station opportunity. It's slow to roll out.
As you know, there are a number of geopolitical competitive things going on around that that certainly strains it. We certainly like all the advanced components that are getting developed. So we really like that. Auto electronics will be a big player of 5G because they are going to get incorporated. IoT devices are going to be another big area where 5G is going to get incorporated. So lots of different nuances to 5G beyond just the handset. But the handset is probably what takes up most of the press time. So overall good activity; still continuing to participate in projects; just not a big needle mover at the moment for our Company.
Christopher D. Glynn -- Oppenheimer & Co. -- Analyst
Yeah. We know it's not now, but it sounds like the timing visibility is kind of quixotic, I guess?
Sundaram Nagarajan -- President and Chief Executive Officer
Yeah, yeah, a good word to use.
Christopher D. Glynn -- Oppenheimer & Co. -- Analyst
Thank you.
Sundaram Nagarajan -- President and Chief Executive Officer
Thank you, Chris.
Operator
Next question comes from Mike Halloran with Baird.
Michael Patrick Halloran -- Robert W. Baird & Co. -- Analyst
Hey, good morning, everyone.
Sundaram Nagarajan -- President and Chief Executive Officer
Good morning, Mike.
Michael Patrick Halloran -- Robert W. Baird & Co. -- Analyst
A couple of -- a couple of margin questions here. So on the ATS, if you think about the sequential margins going into the -- into the fiscal fourth quarter, same mix pressures -- that appears to be the assumption, but the same mix pressures that were there in the fiscal third quarter probably than just for the fiscal fourth quarter?
Joseph P. Kelley -- Executive Vice President and Chief Financial Officer
Yeah. So I think similar -- in ATS, the mix pressure will be there, as assumed to be there, in the fourth quarter that was there in the third quarter based on some of the end market demand that Naga just reviewed.
Michael Patrick Halloran -- Robert W. Baird & Co. -- Analyst
That makes sense. And then the inefficiencies you referenced for the industrial precision business. Maybe some context on those and how long do you think they linger?
Sundaram Nagarajan -- President and Chief Executive Officer
Yeah. So as our factories initially responded during the COVID crisis and our efforts to keep employees safe but continue to meet customer needs, we had significant factories -- while they remained open, we were precautionary quarantining several people. When you think about some of our clean rooms, we also had to put in social distancing and so our -- some of our manufacturing processes weren't as efficient from a direct labor standpoint. And so we've been working through that, getting the proper PP&E, the proper staffing and people coming back from quarantine. And so we're kind of working through those kinks. We've made progress, I would tell you, in the quarter -- from
of compare/contrast and you expect that ecosystem around 5G is likely your most robust factor in fiscal '21 at this early juncture?
Sundaram Nagarajan -- President and Chief Executive Officer
Yeah, the 5G -- 5G activity -- the activity remains strong. Project activity remains strong. We get invited to lots of different projects where we're working on. But it is, at least for the moment, it has got a lot of promise, as we've talked about in the last couple of quarters, lots of promise, a big secular driver for this business, but not a needle mover at the moment for us.
But why we're excited about 5G is, not only just the handset. We really want to think about 5G in a broader terms around the base station infrastructure build-out, which is sorely behind. You really find there is a lot of advertisement and marketing around 5G. Really, the usefulness of any of that only depends on if you are near the cell tower. Remember, these are fairly weak signal, so you've got to really be almost on top of one of these things to experience this awesome technology that is coming. But eventually it will happen. So we are excited about the base station opportunity. It's slow to roll out.
As you know, there are a number of geopolitical competitive things going on around that that certainly strains it. We certainly like all the advanced components that are getting developed. So we really like that. Auto electronics will be a big player of 5G because they are going to get incorporated. IoT devices are going to be another big area where 5G is going to get incorporated. So lots of different nuances to 5G beyond just the handset. But the handset is probably what takes up most of the press time. So overall good activity; still continuing to participate in projects; just not a big needle mover at the moment for our Company.
Christopher D. Glynn -- Oppenheimer & Co. -- Analyst
Yeah. We know it's not now, but it sounds like the timing visibility is kind of quixotic, I guess?
Sundaram Nagarajan -- President and Chief Executive Officer
Yeah, yeah, a good word to use.
Christopher D. Glynn -- Oppenheimer & Co. -- Analyst
Thank you.
Sundaram Nagarajan -- President and Chief Executive Officer
Thank you, Chris.
Operator
Next question comes from Mike Halloran with Baird.
 Michael Patrick Halloran -- Robert W. Baird & Co. -- Analyst
Hey, good morning, everyone.
Sundaram Nagarajan -- President and Chief Executive Officer
Good morning, Mike.
Michael Patrick Halloran -- Robert W. Baird & Co. -- Analyst
A couple of -- a couple of margin questions here. So on the ATS, if you think about the sequential margins going into the -- into the fiscal fourth quarter, same mix pressures -- that appears to be the assumption, but the same mix pressures that were there in the fiscal third quarter probably than just for the fiscal fourth quarter?
Joseph P. Kelley -- Executive Vice President and Chief Financial Officer
Yeah. So I think similar -- in ATS, the mix pressure will be there, as assumed to be there, in the fourth quarter that was there in the third quarter based on some of the end market demand that Naga just reviewed.
Michael Patrick Halloran -- Robert W. Baird & Co. -- Analyst
That makes sense. And then the inefficiencies you referenced for the industrial precision business. Maybe some context on those and how long do you think they linger?
Sundaram Nagarajan -- President and Chief Executive Officer
Yeah. So as our factories initially responded during the COVID crisis and our efforts to keep employees safe but continue to meet customer needs, we had significant factories -- while they remained open, we were precautionary quarantining several people. When you think about some of our clean rooms, we also had to put in social distancing and so our -- some of our manufacturing processes weren't as efficient from a direct labor standpoint. And so we've been working through that, getting the proper PP&E, the proper staffing and people coming back from quarantine. And so we're kind of working through those kinks. We've made progress, I would tell you, in the quarter -- from