Enovix and Leading Smartphone OEM Execute Development Agreement for Mass Production in 2025

Core Insights - Enovix Corporation has entered into a development agreement with a leading global smartphone OEM, aiming to create a 100% active silicon anode battery for specific smartphone models, targeted for launch in Q4 2025 [1][2] - The company has now secured agreements with two major smartphone OEMs and is experiencing growing sales momentum in the IoT and EV markets [1] Company Overview - Enovix is focused on delivering high-performance batteries that enhance the capabilities of various technology products, including IoT, mobile, and computing devices [2] - The company employs a materials-agnostic approach to battery development, ensuring high performance without compromising safety [2] - Enovix operates facilities in Silicon Valley, India, Korea, and Malaysia, with plans for high-volume production from its Fab2 facility in Malaysia starting in 2025 [3][2]