Enovix Corp (ENVX) company profile

Enovix Corporation designs, develops, manufactures, and commercializes advanced lithium-ion batteries featuring proprietary silicon-anode architectures. Its primary offerings include the AI-1 battery platform, rechargeable coin cells, and flexible, asymmetric, and high-power polymer battery series. These solutions serve original equipment manufacturers and original design manufacturers producing smartphones, smart eyewear, internet-of-things devices, and edge artificial intelligence applications. The company also produces custom battery cells and packs for defense and industrial clients across aerospace, subsea, healthcare, and public safety sectors. Operating as a single business segment, Enovix focuses on supplying high-capacity, space-constrained, and mission-critical power solutions.

The company operates its corporate headquarters alongside sales, operations, engineering, and research and development functions in Fremont, California. Production and high-volume manufacturing activities take place at its Fab2 facility in Penang, Malaysia, alongside battery cell and pack manufacturing facilities in South Korea. Additional research and development initiatives operate out of a design center in Hyderabad, India. Enovix distributes its customized and standard battery products across North America, Europe, and Asia.

Summary of the business section of Enovix's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

“Each unit has an offering price of $10.00 and consists of one share of common stock and one-half of one redeemable warrant.”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

“As of December 28, 2025, we employed approximately 664 full-time employees.”