Advanced silicon battery firm Enovix to invest RM5.8bil in Malaysia over 15 years

Prime Minister Datuk Seri Anwar Ibrahim (left) having a one-to-one meeting with the Chief Operating Officer at Enovix Corporation, Ajay Marathe. -Bernama

SAN FRANCISCO: Nasdaq-listed Enovix Corporation, which is an advanced silicon battery company, will invest a total of US$1.2 billion (RM5.8 billion) in Malaysia over a period of 15 years, which includes an RM315 million manufacturing line announced in August.

"With more than three decades of personally working closely with the Malaysian government authorities and having successfully built and run several large factories, choosing Malaysia for our first high-volume manufacturing facility was an easy decision,” its chief operating officer Ajay Marathe said.