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Stock impact report

Enovix Establishes R&D Center of Excellence in India to Accelerate AI-2™ Platform Development

Enovix Corporation (ENVX) 
Company Research Source: GlobeNewswire
FREMONT, Calif., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX) (“Company” or “Enovix”), a global high-performance battery company, today announced that it has created an R&D Center of Excellence in Hyderabad, India to accelerate the development of its Artificial Intelligence ClassTM second-generation battery platform AI-2TM into 2025.  The new Enovix 18,000-square-foot R&D facility in Hyderabad’s prestigious “HITEC City” with neighbors Google, Micron, Intel, etc., now employs about 40 full-time employees, most of whom are engineers and scientists with advanced degrees, including a deep bench of electrochemists and materials scientists. The India team uses advanced battery modeling and cutting-edge machine learning that will accelerate the first prototypes on the Enovix AI-2 platform for engineering evaluation this year. The AI-2 product development will utilize every Enovix world-wide site to reduce development time, as shown below. Our Korean team will devel Show less Read more
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