Enovix Awarded 15-Year Pioneer Status from Malaysian Investment Development Authority for its High-Volume Manufacturing Facility

March 27, 2024

https://www.globenewswire.com/news-release/2024/03/27/2853054/0/en/Enovix-Awarded-15-Year-Pioneer-Status-from-Malaysian-Investment-Development-Authority-for-its-High-Volume-Manufacturing-Facility.html

FREMONT, Calif., March 27, 2024 (GLOBE NEWSWIRE) — Enovix Corporation (“Enovix”) (Nasdaq:ENVX), a global high-performance battery company, today announced it has been granted 15-year Pioneer Status from the Malaysian Investment Development Authority (MIDA) for manufacturing its batteries in Malaysia. Enovix’s high-volume manufacturing facility, Fab2, is located in the Penang Science Park in Penang, Malaysia. Enovix previously announced the establishment of Enovix Malaysia Sdn. Bhd. (“Enovix Malaysia”) in March 2023.

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