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SN74LVC1G3157: SN74LVC1G3157

Part Number: SN74LVC1G3157

Does the 74LVC1G3157G input/output voltage swing need to equal or lower than Vcc(power pin)?

You could refer to the below circuit, we use this case which Vcc and select pin is 3.3V level, and the IO to control the LED with 5V power.

Is there any risk with this configuration?

Thanks

Allen