Headquartered in Fremont, CA Fiscal year ends December NASDAQ: ENVX enovix.com
Enovix Corporation develops and manufactures advanced lithium-ion batteries, including proprietary silicon-anode architectures, targeting smartphones, smart eyewear, defense, industrial, drone, and emerging edge-AI applications. The company's proprietary silicon-anode battery architecture enables higher energy density and performance in space-constrained devices while maintaining safety and reliability. Enovix operates manufacturing facilities including Fab2 in the United States and a South Korea facility supporting defense, drone, and industrial customers. The company produces 100% silicon-anode batteries (AI-1 and next-generation AI-2 for smart eyewear) and silicon-blended graphite batteries (MX-1 for drones) at its South Korea operations. Enovix is currently in the qualification phase with major smartphone OEMs, has commenced commercial production and revenue for smart eyewear batteries, and is expanding its drone and defense business. The company has facilities in the United States, India, Korea, and Malaysia, serving customers globally. Updated
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Enovix Corporation develops and manufactures advanced lithium-ion batteries, including proprietary silicon-anode architectures, targeting smartphones, smart eyewear, defense, industrial, drone, and emerging edge-AI applications.
The Wall Street consensus 12-month price target for ENVX is $11.35.
