Eltek Reports a Contained Fire in Its Plant in Petah-Tikva, Israel

Reading time ( words)

Eltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, reported that yesterday evening, a fire broke out in one of the production rooms in the company's plant in Petah-Tikva, Israel. The fire, which damaged part of the production line located in that room, was extinguished without any casualties.

The company restarted its manufacturing in all other production lines; however the manufacturing processes performed in the room that was damaged are required for completing the manufacturing process. At this stage a full assessment of the full recovery time and the impact on the company's operations has not been completed. The company is making efforts to minimize delays of its products deliveries. Based on a preliminary review, all damages are covered under the company's insurance policies.

10/03/2022 | Malcolm Thompson, NextFlex

The chip shortage is by no means over, with estimates expecting it will last into 2023. Some could see it taking even longer, such as Intel CEO Pat Gelsinger, who expects it to see shortages into 2024 due to those now impacting electronics production equipment. But if there’s any bright spot to be had, it’s that a crisis often leads to long-term solutions. In this case, it’s the increase in government funding for semiconductor production in the United States. Once the CHIPS Act proceeds, we can significantly accelerate building semiconductor fabs in the United States and work toward preventing future chip shortages that would put us back into our current situation.