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Eltek Receives Five Purchase Orders Totaling $3.8 MillionNovember 20, 2023 | Eltek
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Eltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced that it has received five purchase orders in a total amount of $3.8 million. The orders are in connection with two projects for a customer. Most of the orders will be supplied by Eltek during 2024.
"One of the projects is an existing legacy strategic project and the second project is new, with very high-technological specifications. We received this second project's order after providing successful proof of concept. The proof of the concept required us to meet a high level of technological production and the use of exotic materials. I am sure that the development of these capabilities will serve us in the future with additional orders that are at the cutting edge of technology," commented Eli Yaffe, CEO of Eltek.
TrendForce’s research indicates a dynamic third quarter for the global foundry industry, marked by an uptick in urgent orders for smartphone and notebook components.
IPC announced the October 2023 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 0.97.
Second Half Utilization Rate for 8-inch Production Capacity Expected to Drop to 50-60%; Chilly Demand Prospects Until 1Q2410/06/2023 | TrendForce
TrendForce research indicates that in 1H23, the utilization rate of 8-inch production capacity primarily benefited from sporadic inventory restocking orders for Driver ICs in the second quarter.
Camtek Ltd. announced that since its prior press release issued on August 29, 2023, it has received further orders amounting to an additional 46 systems from several tier-1 High Bandwidth Memory (HBM) manufacturers. Most of the The systems are expected to be delivered during 2024.
The forecast for U.S. economic growth, initially expected to be 0.5 percent at the beginning of 2023, is now expected to grow by 2 percent. While the U.S. economy has surpassed expectations, the Federal Reserve has raised rates significantly over the last year, signaling tremendous headwinds as those rates take effect.