AcquisitionEnovix's acquisition of SolarEdge battery facilities was an inexpensive and opportunistic addition to its Routejade business, increasing coating capabilities within the same campus.
Market ExpansionInterest in Enovix's technology is expanding beyond smartphones, with defense, smart glasses, and handheld computers showing interest.
Product DevelopmentEnovix made significant progress toward commercializing its product with its primary smartphone OEM customer, with final dimensions, material specifications, and performance requirements established.