08:27 AM EDT, 07/03/2024 (MT Newswires) -- Enovix ( ENVX ) said on Wednesday it would hold a grand opening of its new high-volume production facility, Fab2, in Penang, Malaysia, scheduled for August 8.

Situated at the Penang Science Park, Fab2 is designed to accommodate up to four production lines capable of manufacturing tens of millions of high-performance batteries for consumer electronics like smartphones, IoT devices, and laptops.

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