Enovix Journey to Scale — Recent Positives to Consider
Albeit a reorganization announcement which was inevitable, with Fremont destined to becoming the “center for innovation” and Malaysia, the manufacturing hub, along with a switch to bigger cells for certain customers which will lower annual small-cell production number and potentially lead to longterm revenue gains, there have been some other very positive events with revelations which investors should be aware of:
• An insightful podcast with Enovix COO Ajay Marathe in September detailed major progress by the company, as well as advantages held as they move forward to scale production in the millions of battery cells.
• A strategic acquisition of a company called RouteJade brought important segments of battery production in-house, giving Enovix an even greater advantage to massively producing one of the world’s first active silicon-lithium battery.
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