BENGALURU, INDIA – Wipro Electronics plans to begin operations at its new PCB facility in Doddaballapura, Bengaluru North within the next nine months. The investment totals ₹500 crore ($60 million), according to CEO Neeraj Pandit, who announced the timeline at the 28th Bengaluru Tech Summit. Construction is expected to conclude in six months, followed by production ramp-up shortly after.

PETACH TIKVA, ISRAEL– Eltek reported third quarter revenue of $13.3 million, down 1% from the same quarter last year, while gross margin fell sharply to 12% from 26% in the third quarter of last year. Operating income dropped to essentially break-even at $50,000, compared with $1.9 million a year ago, and the company posted a net loss of $0.2 million.