Enovix Signs Manufacturing Agreement With YBS International Berhad For Fab2 In Malaysia; Secure $70M Of Non-Dilutive Funding
Portfolio Pulse from Benzinga Newsdesk
Enovix has signed a manufacturing agreement with YBS International Berhad for Fab2 in Malaysia. The deal also secures $70M of non-dilutive funding for Enovix.
July 26, 2023 | 8:48 pm
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Enovix has secured a manufacturing agreement and $70M of non-dilutive funding, which could strengthen its financial position and operational capabilities.
The manufacturing agreement with YBS International Berhad could enhance Enovix's production capabilities. The $70M non-dilutive funding could bolster its financial position, potentially leading to a positive impact on its stock price in the short term.
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