Enovix signed a Master Service Agreement with YBS International Berhad, securing $70 million in non-dilutive funding for its Fab2 site in Penang, Malaysia, and its first Gen2 high-volume manufacturing line.
Enovix has entered into a Master Service Agreement with YBS International Berhad.
The agreement secures $70 million of non-dilutive funding for Enovix’s Fab2 site in Penang, Malaysia.
Enovix Malaysia’s Fab2 site is located in Penang Science Park.
First samples from the Gen2 Autoline 1 are expected in April 2024.
Enovix is focused on scaling its silicon-anode, lithium-ion battery manufacturing capabilities to meet customer demand.
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