US firm Enovix to invest RM5.8bil in Malaysia

PETALING JAYA: Enovix Corp, a United States-based advanced silicon battery firm, is making a total investment of RM5.8bil over 15 years to establish a high-volume manufacturing facility in Malaysia.

The company’s investment plan was disclosed to Prime Minister Datuk Seri Anwar Ibrahim during a meeting on the sidelines of the Asia-Pacific Economic Cooperation or Apec summit in the United States.