Enovix’s Gen2 autoline will have a production capacity of 1,350 units per hour and will be able to produce up to 10 million units of batteries a year.
Under the latest amendment, Enovix is now fully responsible for the initial investment of US$100 million (RM440 million).
This is as opposed to the earlier agreement dated July 27, 2023, which stipulated that Enovix will invest US$30 million and YBS has the obligation to finance US$70 million.
The amendments also include the markup payment terms and fees to be paid by Enovix to YBS for the services provided.
Based on the new terms, YBS is also fully responsible for obtaining and maintaining working capital requirements to sustain compliance with the terms, including, without limitation, fulfilling Enovix’s purchase requirements for materials.
There is also a modified markup fee percentage to account for manufacturing services performed by YBS for Enovix for the existing and future lines.
The markup fee is based on direct and indirect materials, direct labour, utilities and repair and maintenance.
Both parties also agree that the shortfall of the markup fee, if any, shall be payable by Enovix to YBS, based on the monthly invoice.
Why still called YBS as scam. Previously, Enovix want YBS to commit USD70mil for the machinery investment. Many analyst view this as very risky move, as YBS size is relatively small compare to this USD70mil investment. Now, Enovix has take the initiative to solve this problem, whereby ENOVIX will self invested the USD100mil machinery, and YBS no need to invest any amount, what YBS need to do is to help them to operate the machinery and monitor the manufacturing process, and YBS can earn a mark up on top of it. So, it should be a good news, as this move has mitigate the risk of investment, and with the USD100mil capital invested by ENOVIX, the chances of this project is a scam is getting lower, no point ENOVIX spend USD100mil if they know this is not working.
Enovix is just using YBS land to put their machines without paying any charges and forcing YBS to maintain them from deterioration..they are covered with battery projects that are waiting for the first order from customers either next year, 2 years or 5 years from now..
YBS might just be in a great position with this new deal! 🚀 Enovix taking on the full investment definitely lowers the risk for them. If they manage the operations well, that markup could lead to solid profits. It’ll be interesting to see how this plays out with all those potential battery orders on the horizon!
2.) Jaks : catched the Bottom Fishing at RM 0.185 on April 2023 ( after Sslleee posted sold Jaks on April 2023 since 2017 ) ... Up to RM 0.225 in 2 months .. then invested at RM 0.19 on July 2023 .. Gap Up on 1/9/2023 to RM 0.245 …
As said earlier 2025 Shl be Jaks year .. since LSS5 Tender RFP dateline is brought forward to 25/7/2024 from December 2024 .. focus back to Jaks .
Update : LSS5 2000 MW EPCC RM 7.2 billion Tender award Shl be starting announce on November 2024 .
The current quarter losses is mainly due to share option and forex loss. So, overall still acceptable. Paper business is reducing, but EMS business has steadily growth. Once the acquisition of Allied Technology is completed, then can foresee YBS will become the next Genetec.
Enovix Ships first EX-2M Samples to Mobile Phone Customers Dec 20, 2024 Download PDF FREMONT, Calif., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the major milestone of shipping second-generation EX-2M samples to customers manufactured in its Malaysian Fab 2 plant. Consistent with its plan, the samples demonstrated an energy density improvement of approximately 10% over EX-1M products scheduled for mass 2025 production in Malaysia. EX-2M is expected to launch in 2026 and assure Enovix’s energy density lead in the smartphone industry.
As a result of recent manufacturing progress, the Company also announced that it had received its first mobile phone customer purchase order this week. The order for custom samples from a customer with an NDA was predicated on a major joint-development agreement milestone achievement. The product is expected to ramp into mass production in late 2025.
Enovix CEO Raj Talluri commented, “I am very pleased with our recent progress on EX-2M technology that keeps us on schedule for achieving significant revenue growth in 2026, and also with our progress on ramping shipments of EX-1M in 2025. We are also on track to complete Site Acceptance Testing (SAT) on the High-Volume Manufacturing Line (HVM) at Fab2 plant in Malaysia this month. In the Q1 2025 report we will provide more detail on our next steps: securing additional EX-1M customer orders, growing our best-in-class graphite battery business with customers who need supply chain diversification, continuously improving HVM yields, and shipping smartphone battery cells in high volume.”
Enovix Executive Chairman, T.J. Rodgers commented, “Since 2012, I’ve been doing whatever job Enovix needed – from funding to chemistry to strategic planning – and now we have a real order from a real customer to be shipped from our new factory.”
Enovix Completes Site Acceptance Testing (SAT) of Fab2 Jan 06, 2025 Download PDF FREMONT, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced the successful completion of Site Acceptance Testing (SAT) for its High Volume Manufacturing (HVM) line at Fab2 in Malaysia. This milestone, achieved in late December, is a critical step toward enabling Fab2 to begin mass production in 2025, supporting the company’s strategy to meet growing global demand for high energy density battery solutions.
SAT validates the readiness of the manufacturing equipment through comprehensive testing. It follows the Factory Acceptance Testing (FAT) milestone completed earlier in 2024, marking the final stage before commercial-scale production begins. Together, FAT and SAT ensure that Fab2 is fully equipped to produce high-performance silicon batteries at volume, meeting the stringent demands of Enovix’s global customers.
Enovix Chief Operating Officer Ajay Marathe commented, “Completing SAT is a significant achievement for Enovix, as it demonstrates our ability to commercialize our patented manufacturing process at scale. With batteries already produced during our testing phases and delivered to customers as early samples, we are now laser focused on transitioning to full-scale production. Our priorities include ensuring smooth customer qualifications for our facilities, optimizing manufacturing workflows, and minimizing the time it takes to bring customized battery solutions to multiple end markets.”
Enovix Chief Executive Officer Dr. Raj Talluri added, “The completion of SAT represents a turning point for Fab2 and for Enovix. It reflects the dedication of our team and our commitment to operational excellence. With significant customer interest in our cutting-edge technology, Fab2 will enable us to meet large-scale production demands while maintaining the highest quality standards. This milestone is a testament to our vision of powering the next generation of devices with battery solutions that redefine performance and reliability.”
Enovix Secures Landmark Purchase Order for Silicon Batteries Jan 07, 2025 Download PDF FREMONT, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a Silicon Valley high-performance battery manufacturing company, today announced it received a sizable pre-paid purchase order from a Silicon Valley-based global technology leader in Artificial Intelligence (AI) and immersive technologies. The order is for a cutting-edge battery solution tailored for next-generation head-worn Mixed Reality (MR) wearables. These batteries will support the revolution of smart glasses, augmented reality devices, and other pioneering products in the MR space. Under the terms of the agreement, Enovix is scheduled to deliver initial shipments by mid-2025, solidifying its position as a leader in delivering breakthrough battery solutions.
Enovix CEO Dr. Raj Talluri commented, “I’m incredibly excited for Enovix to be selected by another leading OEM in this emerging space. This is a defining moment for Enovix. It not only adds meaningful contracted backlog for Fab2 in Penang, Malaysia, but also firmly establishes Enovix as a trusted partner for custom battery development with one of the largest and most influential companies driving AI and MR innovation. MR headsets are an ideal application for our unique 3D silicon anode technology, which meets the demanding requirements for high energy density, compact form factors, and unparalleled performance. With the launch of EX-1M this year and EX-2M slated for 2026, Enovix is committed to bolstering the MR ecosystem by delivering bespoke battery solutions that empower next-generation devices. This agreement underscores our leadership in advancing battery technology to power the devices of tomorrow.”
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MrFox
1,410 posts
Posted by MrFox > 2 months ago | Report Abuse
Moondate@@
At 0.71 told u to buy
But u dun listen to words of wisdom!
Tod u to sleep with Yzbs
Sure song song