ENVX - Enovix announces its first high-volume production facility
2023-03-10 08:36:33 ET
- Enovix ( NASDAQ: ENVX ) rallies 7% premarket as it has announced its first high-volume manufacturing facility will be located in Penang, Malaysia.
- Fab2 will support the company’s growth and scale up and Enovix expects to begin production in 2024.
- The Co. is pleased to announce that it has chosen Malaysia as our Fab-2 location, joining an established and exciting ecosystem of innovative high-tech manufacturing companies in the region.
- "The rich talent of semiconductor-trained engineers of various disciplines and manufacturing excellence, particularly in the Penang region, makes it an ideal location to set up our first high-volume operation for our innovative batteries.” said Ajay Marathe, COO of Enovix.
- ENVX +7.14% premarket to $10.20.
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Enovix announces its first high-volume production facility