Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (“MIDA”) expressed his enthusiasm that international companies like Enovix have chosen Malaysia to house their innovative battery technology and manufacturing facility. “Enovix’s decision affirms Malaysia’s status as a leading investment hub in the region. We are honoured to be part of Enovix’s growth journey and the country is on the right trajectory in positioning itself as the preferred destination for international corporations like Enovix to access future-ready talents, whilst creating more high-skilled employment opportunities in the country, aligned with the Malaysian Government’s aspiration under the Twelfth Malaysia Plan and the New Investment Policy.”

“In addition to working with YBS, we look forward to collaborating with MIDA, the Northern Corridor Economic Region and InvestPenang to secure 15-year Pioneer Status, which will support our long-term goals in Malaysia,” said Ajay Marathe, COO of Enovix. “Malaysia, and especially the Penang region, is rich with semiconductor-trained engineers who have a manufacturing-excellence mindset. We’re pleased to advance our presence in the region to support our rapid growth.”