Enovix Announces Manufacturing Partner and Location for Fab-2 in Malaysia
Enovix Corporation (ENVX)
Company Research
Source: GlobeNewswire
FREMONT, Calif., March 29, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced it has signed a non-binding Letter of Intent (“LOI”) with YBS International Berhad (“YBS”) (MESDAQ: YBS:KLS), a Malaysia-based investment holding company with segments including electronic manufacturing and assembly, high-precision engineering, precision machining and stamping, among others. The LOI contemplates that Enovix will locate Fab-2, its high-volume manufacturing facility, in an existing YBS building located in Penang, Malaysia, at the Penang Science Park. It also contemplates that YBS will take a significant financial stake in the first manufacturing line at Fab-2, called “Gen2, Line 1.” YBS is currently in the process of arranging funding through a local bank syndicate and obtaining support from local authorities. “YBS intends to take a significant financial stake in Enovix’s Gen2 Line 1 capital expenditures, as well as p
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ENVX
News
- Enovix to Release First Quarter 2024 Financial Results on May 1, 2024, and Additionally Host Live “Ask Me Anything” Video Call with CEO Dr. Raj Talluri on May 6, 2024 [Yahoo! Finance]Yahoo! Finance
- Enovix to Release First Quarter 2024 Financial Results on May 1, 2024, and Additionally Host Live “Ask Me Anything” Video Call with CEO Dr. Raj Talluri on May 6, 2024GlobeNewswire
- Enovix Announces Fab2 Manufacturing Milestones [Yahoo! Finance]Yahoo! Finance
- Enovix completes Factory Acceptance Testing for its Gen2 Agility Line [Seeking Alpha]Seeking Alpha
- Enovix Announces Fab2 Manufacturing MilestonesGlobeNewswire
ENVX
Earnings
- 2/20/24 - Beat
ENVX
Sec Filings
- 4/19/24 - Form 4
- 4/16/24 - Form 4
- 4/10/24 - Form 4
- ENVX's page on the SEC website