United States’ Enovix inaugurates its $1.2B high-volume manufacturing facility in Malaysia – TNGlobal

Enovix Corporation, a global high-performance battery technology firm, has on Thursday announced the grand opening of its first high-volume manufacturing facility (Fab2) in Malaysia.

The Malaysian Investment Development Authority (MIDA) said in a statement that this state-of-the-art facility has already commenced the production of high-energy density batteries and is currently hosting visits from leading global customers.

Enovix said earlier it planned to invest a total of $1.2 billion in Malaysia over the next 15 years.

“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,” said Ajay Marathe, Chief Operating Officer of Enovix.

Meanwhile, Tengku Zafrul Aziz, Minister of Investment, Trade, and Industry (MITI) of Malaysia, stated that Enovix’s Fab2 is a huge step for Malaysia in the global supply chain for advanced battery technologies, highlighting the 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,

“We welcome this new facility, which is a significant milestone for Enovix, and strongly supports our NIMP’s goals by fostering innovation, creating high-value jobs, and driving sustainable growth, while increasingly positioning Malaysia a global hub for cutting-edge technology,” he added.

Jagdeep Singh Deo, Penang’s Deputy Chief Minister II, said that the opening ceremony for the establishment Enovix’s first high-volume manufacturing facility in Malaysia signifies the beginning of an exciting chapter for the company.

“The state is honored to be selected to house this esteemed facility which will definitely bring positive technological and economic spillovers for not only Penang, but the northern region of Malaysia,” he said.

Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said that novix’s significant investment in Malaysia will create jobs and enhance our workforce’s technological capabilities.

he said MIDA is proud to support Enovix in their mission to revolutionize battery technology, and we believe that their cutting-edge expertise will have a multiplier effect on our local ecosystem.

“As a partner, we’re committed to providing Enovix with the support and facilitation they need to succeed, and we’re confident that their presence will have a positive impact on the nation’s economy and its people,

“We’re looking forward to working closely with Enovix to achieve their goals and make a difference in the industry,” he added.

Enovix, headquartered in the United States of America, also operates in India, Korea and Malaysia.

The firm’s innovative battery technology is utilized across a diverse range of application, including internet of things (IoT), mobile phones, computing devices and vehicles.

US silicon battery company Enovix builds $1.2B high-volume manufacturing facility in Malaysia