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Enovix Corp (Enovix) formerly Rodgers Silicon Valley Acquisition Corp, is a developer of 3D silicon lithium-ion rechargeable batteries. Its 3D cell architecture, photolithography and wafer production carries out the increasing energy density and eliminates thermal runaway. Enovix’s has a strategic partnership with Cypress, Intel and Qualcomm. These products are used in mobile products. The company owns and controls a pilot production facility in Fremont, California and a high-volume production plant in Manila, Philippines. Enovix is headquartered in Fremont, California, the US.
Headquarters
United States of America
Address
3501 W. Warren Avenue, Fremont, California, 94538
Website
www.enovix.com
Telephone
1 650 7222555
No of Employees
664
Industry
Technology and Communications
Ticker Symbol & Exchange
ENVX (NASD)
Revenue (2024)
$31.8M
37.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
29.5%
(2024 vs 2023)
Market Cap*
$588.1M
Net Profit Margin (2024)
XYZ
48.9%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Products |
|---|
| 3D Silicon Lithium-Ion Rechargeable Battery |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Plans/Strategy | In April, the company announced its plans to acquire battery cell manufacturing assets in South Korea from SolarEdge, an innovative energy technology provider. |
| 2024 | Corporate Changes/Expansions | In August, the company opened a new US$1.2 billion manufacturing facility in Malaysia. |
| 2023 | Plans/Strategy | In September, the company announced its plans to acquire Routejade, a battery manufacturer. |
Competitor Comparison
| Key Parameters | Enovix Corp | Stratasys Ltd | 3D Systems Corp | Amprius Inc | Optomec Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Fremont | Minnetonka | Rock Hill | Menlo Park | Albuquerque |
| State/Province | California | Minnesota | South Carolina | California | New Mexico |
| No. of Employees | 664 | 1,757 | 1,418 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Thurman John ("T.J.") Rodgers | Chairman | Executive Board | - | - |
| Raj Talluri | President; Chief Executive Officer | Senior Management | 2023 | - |
| Ryan Benton | Chief Financial Officer | Senior Management | 2025 | - |
| Michael Vyvoda | Chief Operating Officer | Senior Management | 2026 | - |
| Kristina Truong | Chief Accounting Officer | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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