Keith Tey Yao Dong's comment on YBS. All Comments

Keith Tey Yao Dong
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The LOI contemplates that Enovix will locate Fab-2, its high-volume manufacturing facility, in an existing YBS building located in Penang, Malaysia, at the Penang Science Park. It also contemplates that YBS will take a significant financial stake in the first manufacturing line at Fab-2, called “Gen2, Line 1.” YBS is currently in the process of arranging funding through a local bank syndicate and obtaining support from local authorities.

“YBS intends to take a significant financial stake in Enovix’s Gen2 Line 1 capital expenditures, as well as providing the building and labor required to run the line by working with multiple financial institutions, with minimum purchase requirements from Enovix,” said Mr. Jackie Yong, CEO of YBS. “After performing our due diligence on Enovix including their battery cell technology, manufacturability, and opportunity, we are confident the company has the capability to become a market leader. We look forward to supporting Enovix’s goals and sharing in its growth and success.”

Enovix also announced it has established Enovix Malaysia Sdn. Bhd. (“Enovix Malaysia”). Two leaders have signed employment agreements with Enovix Malaysia and will start in Q2.

“Establishing Enovix Malaysia, building the team and collaborating with YBS helps lay the groundwork that will enable us to bring our advanced silicon batteries to market and meet our strong customer demand,” said Dr. Raj Talluri, President and CEO of Enovix.

The Gen2 Autoline represents a step-change improvement in manufacturing of Enovix cells, with up to 10x faster throughput relative to the Gen1 production line. When fully ramped, Gen2 Line 1 will have the capacity to produce more than nine million batteries annually.
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pali cd
Sell on news...?
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Keith Tey Yao Dong
You go and check enovix stock price after the news
2 Like · 1 year · translate
pali cd
Bursa is very unique on its own...
We will c tomolo at closing, and my guess is RED alert :)
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pali cd
Hm...red alert red alert
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pali cd
There u go...closing red...
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pali cd
Today, red again....sad
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pali cd
Safer at range 50~55c
1 Like · 1 year · translate
pali cd
50c coming....lai3
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