Enovix Corporation (Enovix) an advanced silicon battery company, and YBS International Berhad (YBS), a Malaysia-based investment holding company will hold an official signing ceremony later today (Aug 1), to commemorate its new manufacturing facility in Penang Science Park.

The event will include welcome addresses by the Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Abdul Aziz; Chief Minister of Penang, Chow Kon Yeow; Enovix Chief Operating Officer, Ajay Marathe; and, YBS Chief Executive Officer, Jackie Yong Chan Cheah.

“We are thrilled to announce this significant milestone in our journey to scale. In addition to working with YBS, we look forward to collaborating with MIDA, the Northern Corridor Economic Region and InvestPenang to include an investment incentive, which will support our long-term goals in Malaysia,” said Marathe in a statement.

Enovix is on a mission to power the technologies of the future. Its disruptive architecture enables a battery with high energy density and capacity without compromising safety.

Source: Bernama