Enovix Awarded 15-Year Pioneer Status from Malaysian Investment Development Authority for its High-Volume Manufacturing Facility [Yahoo! Finance]
Enovix Corporation (ENVX)
Company Research
Source: Yahoo! Finance
announced it has been granted 15-year Pioneer Status from the Malaysian Investment Development Authority (MIDA) for manufacturing its batteries in Malaysia. Enovix's high-volume manufacturing facility, Fab2, is located in the Penang Science Park in Penang, Malaysia. Enovix previously announced the establishment of Enovix Malaysia Sdn. Bhd. (“Enovix Malaysia”) in March 2023. Enovix's Pioneer Status application was approved by the Government of Malaysia for the manufacture of lithium-ion batteries within the country for 15 years. The primary benefit of receiving Pioneer Status is an exemption from the payment of income tax, subject to meeting certain conditions such as incurring minimum capital and operational expenses, employing local workers, implementing a local vendor development program, providing training programs for students, and collaborating with higher education institutions. “Being awarded Pioneer Status is a monumental milestone for Enovix as we become further establish
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ENVX
News
- Enovix Co. (NASDAQ: ENVX) had its price target lowered by analysts at JPMorgan Chase & Co. from $18.00 to $12.00. They now have an "overweight" rating on the stock.MarketBeat
- Enovix Co. (NASDAQ: ENVX) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $30.00 price target on the stock.MarketBeat
- 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
ENVX
Earnings
- 2/20/24 - Beat
ENVX
Sec Filings
- 4/25/24 - Form 4
- 4/19/24 - Form 4
- 4/16/24 - Form 4
- ENVX's page on the SEC website