Enovix, headquartered in Fremont, California, designs and develops high-energy-density silicon-anode lithium-ion batteries, employing 560 people since its IPO on December 4, 2020. The company operates two factories in Korea and focuses on advanced manufacturing processes.
ENVX has been in the news recently: Enovix Corporation's shares declined following the announcement of a $300 million offering of convertible senior notes due 2030. In contrast, Gainers reported a 15% revenue increase this quarter, indicating strong market demand for their products.
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