- Over the next 15 years, the purchase may be spread.
- Service aims to create high-value jobs, increase sustainable economic growth
Enovix Corporation, a global leader in high-performance battery technology, has announced the grand opening of its first high-volume manufacturing facility ( Fab2 ) in Malaysia. In a statement, the business said, this state-of-the-art ability has now commenced the production of high-energy mass batteries and is currently hosting appointments from leading world clients. Enovix plans to invest a total of US$ 1.2 billion ( RM5.8 billion ) in Malaysia over the next 15 years.
Zafrul Tengku Abdul Aziz, minister of Investment, Trade, and Industry ( MITI), graced the grand opening event. He remarked,” Fab2 is a huge step for Malaysia in the global supply chain for superior power systems. Enovix’s purchase highlights our country’s robust system and dedication to high-tech sectors. This facility is in line with the 2030 New Industrial Master Plan ( NIMP ) and is a significant milestone for Enovix.
” By fostering innovation, creating high-value work, and driving sustainable economic growth, we are positioning Malaysia as a global hub for cutting-edge technology”, he added.
Sikh Shamsul Ibrahim, CEO of MIDA, said,” Enovix’s substantial investment in Malaysia will make work and strengthen our workforce’s technical skills.  , MIDA is proud to support Enovix in their mission to revolutionise battery technology, and we believe that their cutting-edge expertise will have a multiplier effect on our local ecosystem” . ,
” As partners, we’re committed to giving Enovix the support and cooperation they need to succeed, and we’re convinced that their reputation will positively affect the country’s economy and angkatan.” He continued,” We’re looking forward to working with Enovix to accomplish their objectives and make a difference in the industry.”
However, Jagdeep Singh Deo, deputy chief minister II of Penang stated,” Today’s opening ceremony for the creation of Enovix’s second high-volume production facility in Malaysia signifies the beginning of an interesting book for the business. The State is honored to have been chosen to home this prestigious center, which will undoubtedly benefit Penang’s and north Malaysia’s economic and technological advancements.
Enovix’s chief operating officer, Ajay Marathe, expressed his excitement at the opening of our doors at Fab2 and how quickly our superior production process, which includes cutting-edge batteries, will enable leading customers to enter a new era of products. We are grateful for Malaysia’s high level of technical skills and its friendly environment as well as its close proximity to our clients and suppliers.
Enovix, headquartered in the United States of America, even operates in India, Korea and Malaysia. Enovix’s impressive cell technology is utilised across a diverse range of applications, including internet of things, cellular phones, computing devices and cars.