1. If anyone is doubting on which financial institution is going to be the funder.
2. Just google yourself.
3. "YBS will obtain $70 million in financing for manufacturing operations under the Agreement from OCBC Bank (Malaysia) Berhad (“OCBC”). Enovix is in discussions with OCBC to provide collateral for YBS’ financing arrangement."
PENANG, 1 August 2023 -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company and YBS International Berhad (“YBS”) (MESDAQ: YBS:KLS), a Malaysia-based investment holding company with segments including electronic manufacturing and assembly, high-precision engineering, and precision machining and stamping, among others, came together today to mark a momentous occasion – the signing ceremony of the Manufacturing Supply Agreement (MSA). The event signifies the commencement of a strategic partnership between the two industry players and celebrates the establishment of a cutting-edge next-generation battery manufacturing facility in Penang Science Park.
In my own opinion, Since collab between $ENVX n YBS, there is possibilty it can attract outsider investor/trader, maybe 🤷. Since ybs price is still a good opportunity to go in. $ENVX shares among popular stock right now.
Yes makeba..... Q1 2024 starting production on Gen 2 line 1 Enovix battery..... up to 9 million per year.... make US2 per battery already US18 million per year.... what is a loss of RM1 mil from previous Q..... Q1 2024 is not very far off.... Stock market suppose to be 6 mths forward looking....
Machines coming into YBS science park Penang starting Oct 2023.... Manufacturing starting early next year 2024...... By April 2024, YBS science park will also be able to manufacture big batteries ie. for EVs........ ir.enovix.com
FREMONT, Calif., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), an advanced silicon battery company, today announced its standard IoT and Wearable-sized batteries have been chosen by Accurate Meditech for their Class II FDA-Approved "Mini" multi-vital sign monitor.
The Accurate Mini continuously monitors blood pressure, pulse rate and other vital signs. Accurate Meditech received FDA clearance in June 2023. With an Enovix battery, the Mini is anticipated to last over four months on a single charge, a 35% improvement compared to standard graphite batteries. It will be available over the counter and sold at CVS, Walgreens and Walmart in the U.S. in the second half of 2024.
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....