Enovix and Leading Smartphone OEM Execute Development Agreement for Mass Production in 2025
Enovix Corporation (ENVX)
Company Research
Source: GlobeNewswire
FREMONT, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today that it executed a development agreement with one of the leading global smartphone OEMs with top 5 market share in China. Under the terms of the agreement and subject to applicable milestones, the companies will develop a 100% active silicon anode battery customized for specific smartphone models targeted for launch in Q4 2025. The company now has agreements with 2 of the leading smartphone OEMs and has further sales momentum building in IoT and EV markets. Enovix’s CEO Raj Talluri commented, “We are thrilled to formalize this relationship, and we see it as a proof point of smartphones needing batteries with much higher energy density and capacity to satisfy the needs of AI enabled apps. Upon meeting specified milestones in this new agreement, we will enter the smartphone market in 2025 with high-volume production out of Fab2 in
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ENVX
News
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- Enovix Completes $100 Million Equity OfferingGlobeNewswire
- Enovix Corporation (NASDAQ:ENVX) Analysts Are Cutting Their Estimates: Here's What You Need To Know [Yahoo! Finance]Yahoo! Finance
- Here's Why Enovix Corporation (ENVX) Is a Great 'Buy the Bottom' Stock Now [Yahoo! Finance]Yahoo! Finance
ENVX
Earnings
- 10/29/24 - Beat
ENVX
Sec Filings
- 11/19/24 - Form 4
- 11/15/24 - Form 4
- 11/12/24 - Form 4
- ENVX's page on the SEC website