Enovix Corporation announced it has signed a non-binding Letter of Intent (LOI) with YBS International Berhad. The LOI contemplates that Enovix will locate Fab-2, its high-volume manufacturing facility, in an existing YBS building located in Penang, Malaysia, at the Penang Science Park. It also contemplates that YBS will take a significant financial stake in the first manufacturing line at Fab-2, called "Gen2, Line 1." YBS is currently in the process of arranging funding through a local bank syndicate and obtaining support from local authorities.
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5-day change | 1st Jan Change | ||
12.21 USD | +0.08% |
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+7.20% | -2.48% |
Stocks mentioned in the article
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5d. change
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Capi.
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12.21 USD | +0.08% | +7.20% | 2.08B | ||
0.795 MYR | -0.63% | +1.27% | 44.25M | ||
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
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-2.48% | 2.08B | |
+15.28% | 114B | |
-21.29% | 57B | |
+40.29% | 21.3B | |
-19.28% | 18.29B | |
-30.94% | 14.06B | |
+1.85% | 12.09B | |
+2.92% | 4.77B | |
-3.12% | 5.13B | |
+2.27% | 4.15B |
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- Enovix Corporation Signs Non-Binding Letter of Intent with YBS International Berhad