Enovix Corporation announced it has signed a non-binding Letter of Intent (LOI) with YBS International Berhad. 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.
Real-time Estimate
Other stock markets
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5-day change | 1st Jan Change | ||
15.78 USD | -2.98% |
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+33.70% | +27.40% |
02:50pm | Enovix to Collaborate With Elentec on Battery Packs | MT |
01:30pm | Enovix Signs MoU with Leading Consumer Electronics Battery Pack Manufacturer | CI |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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15.78 USD | -2.98% | +33.70% | 2.76B | ||
0.78 MYR | +1.96% | -1.89% | 42.67M | ||
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
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+27.40% | 2.76B | |
+13.63% | 113B | |
-22.57% | 55.68B | |
+45.94% | 22.7B | |
-21.82% | 17.56B | |
-38.06% | 12.59B | |
-2.54% | 11.49B | |
+6.43% | 4.92B | |
-8.74% | 4.69B | |
+0.82% | 4.09B |
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- Enovix Corporation Signs Non-Binding Letter of Intent with YBS International Berhad