Enovix Corporation, an advanced silicon battery company, will invest MYR 5.8 billion ($1.23 billion) to establish its first high-volume manufacturing facility (Fab2) in Malaysia. Further to the initial announcement in August 2023, the firm will invest over a period of 15 years, which includes the first manufacturing line amounting to MYR 315 million ($70 million), which will co-partner with YBS International Berhad.