Enovix Corporation announces the grand opening of its first high-volume manufacturing facility in Malaysia. This state-of-the-art facility has already commenced the production of high-energy density batteries and plans to invest a total of USD1.2 billion (RM5.8 billion) in Malaysia over the next 15 years.
YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade, and Industry (MITI), stated, "Enovix's Fab2 is a huge step for Malaysia in the global supply chain for advanced battery technologies, highlighting our country's conducive investment landscape. It also fulfils our objective to attract the right high-tech industries to enhance the nation's economic complexity, as outlined in the New Industrial Master Plan (NIMP) 2030."
Dato' Ajay Marathe, Chief Operating Officer of Enovix, said, "We are thrilled to open our doors at Fab2 and showcase our advanced manufacturing process of a cutting-edge batteries that we believe will usher in a new era of products for leading customers. We have been able to draw upon Malaysia's deep pool of technical talent and are appreciative of the country's business-friendly climate and close proximity to our customers and vendors."
Enovix, headquartered in the United States of America, also operates in India, Korea and Malaysia. Enovix's innovative battery technology is utilised across a diverse range of application, including internet of things (IoT), mobile phones, computing devices and vehicles.