Silicon Valley-based battery technology company Enovix Corporation has inaugurated its first high-volume manufacturing facility, Fab2, in Penang, Malaysia, focusing on the production of high-energy density batteries. The company plans to invest USD 1.2 billion over the next 15 years to expand its operations in the region.
Located within the Penang Science Park, Fab2 is designed to accommodate up to four high-volume production lines capable of producing tens of millions of high-performance batteries for various consumer electronics, including smartphones, IoT devices, and laptops. Currently, the Enovix Malaysia team comprises nearly 300 personnel, consisting of both Enovix associates and employees from its manufacturing partner. The facility has already begun producing initial samples for customers through its Agility Line and is in the process of finalizing Site Acceptance Testing. Additionally, Enovix is making significant progress in establishing its first high-volume production line to meet customer requirements as they advance through the qualification process.
The Malaysian Ministry of Investment, Trade and Industry has praised Enovix’s Fab2 as a significant advancement for the country within the global supply chain for advanced battery technologies, underscoring Malaysia’s favorable investment climate. This development aligns with the nation’s objective to attract high-tech industries to enhance economic complexity, as outlined in the New Industrial Master Plan (NIMP) 2030. The establishment of this facility not only marks a crucial milestone for Enovix but also contributes to NIMP’s goals by promoting innovation, generating high-value jobs, and fostering sustainable growth, thereby positioning Malaysia as a global hub for cutting-edge technology.
(Sources: Enovix; New Straits Times)
