KUALA LUMPUR, August 9 — Enovix Corporation, a global leader in advanced battery technology, has inaugurated its first high-volume manufacturing facility, known as Fab2, in Malaysia. With an initial investment of USD1.2 billion (RM5.8 billion) set to be deployed over the next 15 years, this cutting-edge facility will produce high-energy density batteries and has already begun hosting visits from major international clients. The new plant represents a significant milestone for Enovix and highlights Malaysia’s growing role in the global supply chain for high-tech industries.
The facility’s opening was celebrated by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade, and Industry, who emphasized that the new investment aligns with Malaysia’s New Industrial Master Plan (NIMP) 2030, aiming to attract advanced industries and foster economic growth. The project is expected to create numerous high-value jobs and contribute to the nation’s technological and economic advancement. Enovix’s COO, Dato’ Ajay Marathe, noted that Malaysia’s skilled workforce and business-friendly environment were pivotal in selecting the location for their new plant.
