Enovix Corporation
ENVXW
NASDAQ Global Select0.75
USD
-0.38
- -
Enovix Corporation
ENVXW
(NASDAQ Global Select)
Recent
price
0.75
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Enovix Corporation designs, develops, manufactures, and commercializes advanced silicon-anode lithium-ion battery cells, focusing on high energy density and long cycle life to serve markets including mobile devices, smart eyewear, IoT, portable power, medical devices, and industrial equipment. Its product portfolio includes Artificial Intelligence Class™ batteries for smartphones and laptops supporting fast charge capabilities, flexible lithium-ion polymer batteries, power disc batteries, and active silicon lithium-ion cells. The company leverages proprietary 3D cell architecture and BreakFlow and Encapsulation technologies to enhance battery performance and safety while advancing scalable high-volume manufacturing processes. Founded in 2007 and headquartered in Fremont, California, Enovix operates globally with a notable manufacturing expansion including a $1.2 billion high-volume production facility in Malaysia and operations in South Korea, enabling it to meet rising demand across consumer electronics, defense, and industrial sectors. Recent strategic developments include a Memorandum of Understanding with Elentec Co., Ltd., a leading Asian battery pack manufacturer, to integrate Enovix’s cells into battery packs for consumer and industrial applications and accelerate global manufacturing scaling. The company also established strategic partnerships with YBS International Berhad to strengthen its supply chain and manufacturing capabilities in Malaysia. In the last two years, Enovix has advanced its production readiness with major investments in manufacturing infrastructure, deepened strategic alliances to enhance battery pack design and output capacity, and expanded its leadership and board to improve governance. These changes position Enovix to capitalize on growth opportunities in high-performance battery markets driven by trends in AI, 5G, portable technology, and electric vehicles. Enovix targets premium OEM customers requiring custom battery cells and aims to deliver innovative energy solutions that support evolving technology product demands worldwide.