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home / news releases / ENVX - Enovix signs manufacturing agreement with YBS International Berhad for Fab2 in Malaysia

ENVX - Enovix signs manufacturing agreement with YBS International Berhad for Fab2 in Malaysia

Enovix Corporation

2023-07-26 16:12:12 ET

  • Enovix Corporation ( NASDAQ: ENVX ) announced on Wednesday it has signed a manufacturing agreement with YBS International Berhad.
  • The agreement secures $70 million of non-dilutive funding to support Enovix’s Fab2 site in Penang, Malaysia, and its first Gen2 high-volume manufacturing line.
  • The company also said it has established research and design center in India.
  • ENVX closed +2.89% at $19.57.
  • Source: Press Release

For further details see:

Enovix signs manufacturing agreement with YBS International Berhad for Fab2 in Malaysia
Stock Information
Company Name: Enovix Corporation
Stock Symbol: ENVX
Market: NASDAQ
Website: enovix.com
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