Enovix Corporation announced it has begun placing equipment orders for its next-generation manufacturing lines (“Gen2”) for the company's second location — Fab-2. Gen2 is designed to be faster and require a smaller footprint than the company's existing manufacturing lines (“Gen1”) at the company's first location in Fremont, Calif. Elements of Gen2 have been designed to occupy half the footprint of Gen1 equivalents, while significantly increasing output. These improvements incorporate key learnings from the company's operation of Gen1 over the last year.

In addition, the company is including BrakeFlowTM, a breakthrough in advanced lithium-ion battery safety, into the manufacturing process on Gen2. Enovix plans to announce its Fab-2 location later this year to support its Gen2 equipment delivery in the first half of 2023. Upon the completion of factory acceptance testing, the company intends to order additional Gen2 lines to support its scale-up into 2024.