TUMKUR, INDIA – Incap India has started full-fledged production at its newest plant here, marking the company's third factory in the country.

CHICAGO – Six EMS transactions were recorded in the third quarter, representing a decrease from the nine transactions recorded in the third quarter of 2022 and the eight recorded in 2021's third quarter, according to the latest EMS Quarterly Review by Lincoln International.

NEEDHAM, MA – Worldwide smartphone shipments declined 0.1% year over year to 302.8 million units in the third quarter, according to preliminary data from IDC's Worldwide Quarterly Mobile Phone Tracker. Although macroeconomic uncertainties linger as markets struggle with soft demand, inflation, and geopolitical tensions, healthy inventory and the slower pace of decline are encouraging some vendors to increase shipments.

CHERNIHIV, UKRAINE – IKT Group has opened a contract electronics assembly factory in Plovdiv, Bulgaria. The new plant is the EMS company’s third in Europe.

HONG KONG – Luxshare Precision's revenue for the first three quarters of the year amounted to RMB155.8 billion ($21.3 billion), reflecting a year-on-year growth of 7.31%.

REDMOND, WA – Data I/O's sales in the third quarter were $6.6 million, down 8.3% compared with $7.2 million in the third quarter of 2022.

MUMBAI, INDIA – Tata Group is set to become India’s first homegrown iPhone maker after Wistron agreed to sell a plant in the southern part of the country.

NEENAH, WI – Plexus announced revenue of $1.02 billion for the fourth quarter of its fiscal year and record full-year revenue of $4.21 billion.

TEMPE, AZ – Benchmark Electronics' third quarter revenue of $720 million represented a 6.7% year-over-year decline.

MIAMI – Element Solutions reported sales of $397 million for its electronics segment, a year-over-year decrease of 6%.

AUSTIN, TX – Flex announced sales of $7.5 billion for the second quarter of its fiscal year, a 3.8% year-over-year decrease.

BANNOCKBURN, IL – North American PCB shipments in September were down 14.6% compared to the same month last year and were up 35.7% compared to August, according to IPC's North American PCB Statistical Program. The book-to-bill ratio stands at 1.01.