Enovix Corp establishes $1.2 bln high-volume manufacturing facility in Malaysia
16/11/2023 02:09
KUALA LUMPUR, Nov 16 (Reuters) - Enovix Corporation, a
U.S.-based advanced silicon battery firm, will establish a 5.8
billion ringgit ($1.23 billion) high-volume manufacturing
facility in Malaysia, the Malaysian Investment Development
Authority said in a statement on Thursday.
The investment, which will be spent over a period of 15
years, includes the first manufacturing line amounting to 315
million ringgit, the agency said.
($1 = 4.7050 ringgit)
(Reporting by Rozanna Latiff)
((rozanna.latiff@thomsonreuters.com; Reuters Messaging:
@rozlatiff on Twitter))