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Enovix Corporation (ENVX) collaborates with Group14 Technologies to develop advanced silicon battery using SCC55® for 100% of the anode material, aiming to enhance performance and efficiency of lithium-ion batteries.
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6.81%
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Enovix Corporation (ENVX) President and CEO, Dr. Raj Talluri, receives the Business Intelligence Group’s BIG Award for Business in the “Executive of the Year” category. Dr. Talluri has led the company since January 2023, shifting from R&D to high-volume manufacturing, implementing a vertical business strategy, and re-organizing operations for growth.
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ENVX - Enovix Corporation Named CES® 2024 Innovation Awards Honoree for BrakeFlow™ Safety Technology. Enovix, a Nasdaq-listed advanced silicon battery company, has been recognized for its pioneering safety technology, BrakeFlow™, by the Consumer Technology Association (CTA)®. The technology aims to enhance safety in next-generation lithium-ion battery technology by incorporating a unique safety system inside the battery cell to reduce the risk of overheating. Enovix President and CEO, Dr. Raj Talluri, expressed gratitude for the recognition and emphasized the company's commitment to pioneering new innovations in high energy density batteries. The CES Innovation Awards program received a record number of over 3,000 submissions, highlighting the significance of Enovix's achievement. For more information on Enovix BrakeFlow technology, visit: https://www.enovix.com/brakeflow/
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-2.07%
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ENVX: Enovix Corporation's Vice President of Product Strategy, Samira Naraghi, appointed to 2024 Consumer Technology Association (CTA) Board of Industry Leaders. The CTA represents the $505 billion U.S. consumer technology industry and supports over 18 million U.S. jobs. Naraghi brings nearly two decades of experience in the enterprise, datacenter, and consumer electronics sectors to the board.
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3.48%
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ENVX: Enovix Announces Q3 2023 Financial Results, Strategic Acquisitions, and Market Expansion
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14.75%
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ENVX: Enovix Exceeds Requirements of Global Wearable Apparel Company with IoT & Wearable Cell, Outperforms Competition, Polaris Battery Labs Confirms
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14.75%
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Enovix Corporation has completed the acquisition of Routejade, a Korean battery manufacturer. The acquisition provides Enovix with vertical integration of electrode coating and battery pack manufacturing, as well as an established lithium-ion battery business with two factories in Korea. This acquisition will result in significant cost savings and faster battery development cycles for Enovix. Routejade brings over 20 years of experience in manufacturing lithium-ion batteries and has patented encapsulation technology for circular and asymmetric battery form factors. Enovix is excited about the opportunities for R&D and commercialization through this acquisition.
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13.04%
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Enovix Corporation to release Q3 2023 financial results
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-2.21%
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Enovix Corporation announces strategic realignment of Fab1 in Fremont to focus on new product development, resulting in a reduction of workforce by approximately 185 personnel and annualized savings of $22 million. Shift to vertical business strategy for custom cells informed by engagement with smartphone OEMs. Cut off production of small cells in Q3, but produced enough custom cells for U.S. Army program, expecting $200,000 of total revenue. Total restructuring charges of $2.5 million expected. Fab1 to house R&D Agility Line in 2024.
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-12.79%
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Enovix Corporation announced the retirement of Emmanuel T. Hernandez from the board of directors, effective September 30, 2023. Bernard Gutmann will assume the role of Audit Committee Chairman, bringing close to 40 years of experience from the semiconductor industry in finance. Joseph Malchow will also join the Audit Committee. Hernandez's retirement marks a transition in leadership, but the company is well-positioned to close the gap between battery needs and performance.
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-1.26%
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Enovix Corporation
Nasdaq:ENVX
ENVX Rankings
ENVX Stock Data
1.56B
142.29M
16.13%
53.2%
21.78%
Optical Instrument and Lens Manufacturing
Manufacturing
United States of America
FREMONT
About ENVX
california-based enovix is pioneering a silicon lithium-ion battery for mobile products. enovix has built a new battery platform with an orthogonal approach which enables much greater innovation in materials, design, production, and packaging than a conventional lithium-ion battery. with strategic investments and support from industry leaders cypress semiconductor, intel, and qualcomm, enovix is enabling engineers and designers to deliver on the promise of an extraordinary mobile future for global consumers.