FAB 2 grand opening 8/8
On going sending out samples to customers
Agility line on going SAT
HVM line achieved FAT

From their recent report, they can fit 8 lines into their science park facility.... 1st line to produce 9 to 10 million batteries per yr.... There rest of the lines Enovix is looking at 10 to 12 million per yr..... 8 lines will produce averagely 80 million batteries per yr.... Enovix is selling their batteries US12 to US15 with gross profit of 50%..... so YBS sholud be selling to Enovix abt US7 per battery.....
Yearly revenue will be around 7x80 million= US560million
Equivalent to 560x4.7= MYR2.632 Billion
Thats why YBS MD equates YBS to Inari or Vitrox

Hahaha..... welcome to Malaysia, where anything can happen.... Enovix shot up 35% and YBS only move up 1.3%.....

YBS finally???

In June, Enovix began production of EX-1M battery samples from Fab2 in Malaysia.

Enovix Signs Agreement to Deliver High-Performance Batteries for Mixed Reality Headset

Jun 25, 2024

Pls dun frighten people.... we know what we bought in... we know the strengh of YBS and Enovix....

Loss mainly due to share options expenses 👆

The Group recorded a loss before tax
of RM5.496 million for the current quarter as compared to RM1.195 million in preceding quarter, an increase in loss before tax
of RM4.301 million mainly due to share options expenses amounting RM4.892 million incurred in current quarter.

👍👍👍

https://research.rhbtradesmart.com/sites/default/files/attachments/2024-05/my_top_20_malaysia_small_cap_jewels_scb2024_rhb.pdf

Enovix Begins Customer Sampling of EX-1M Batteries
May 13, 2024
Download PDF
FREMONT, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced that it has begun customer sampling of its breakthrough EX-1M battery.

Initial EX-1M samples were built and tested at the company’s facility in Fremont for IoT and smartphone customers. Enovix plans to build a larger number of EX-1M samples from its Agility Line at Fab2 in Malaysia later in the second quarter of 2024.

“We set out on an ambitious plan last year to build a battery that would meet the demanding requirements of leading smartphone customers,” said Dr. Raj Talluri, President and CEO of Enovix. “With EX-1M now sampling, we are ushering in a new era of lithium-ion battery technology by utilizing a 100% active silicon anode to boost energy density and allow customers to keep up with a growing array of energy needs with the onset of AI.”

Given strong customer interest and the readiness of Fab2, Enovix has begun taking decisive actions to consolidate manufacturing of all silicon batteries to Malaysia by July.

Thats probably why MD Yong of YBS mentioned about YBS being another Inari in the near future......

Totally agreed.... If I am not wrong, YBS can accommodate 8 lines in their existing Science Park..... And looking at our Gov's initiative at attracting foreign investment and pumping up our economy ( they gave Enovix 15 years tax free ) there is a very high chance that they might even want YBS to manufacture all lines for Envix..... Analyst are talking about 20 lines .....

👍

Short sellers are in command... 30+% of total shares shorted.....

'Flushing'.... Enovix earnings on 1st May and Questions and Answers with CEO Raj on 6th May....

YBS.... journey to become the next Inari, Genetec 2.0 begins....

Enovix patented manufacturing process uses dozens of machines to produce battery cells with a unique architecture that enables the use of a 100% active silicon anode for higher energy density.

“I’m incredibly proud of the hard work from the entire operations team to get us to this major milestone on our Journey to Scale,” said Dr. Raj Talluri, President and CEO of Enovix. “In just 100 days, the team built a worldclass factory, putting us on the path to produce first samples of our silicon batteries from Fab2 this quarter.”

FREMONT, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced it has completed Factory Acceptance Testing (“FAT”) for its Gen2 Agility Line and is on track to produce first silicon battery samples from Fab2 in the second quarter of 2024.

“I’m proud to announce the team has completed our rigorous FAT process for all machines that make up our Agility Line,” said Ajay Marathe, Chief Operating Officer at Enovix. “SAT is also well underway. Both FAT and SAT processes ensure that we only place machines into service that meet our specifications for throughput, yield and machine uptime. I’m extremely pleased with the results so far. We’re on track to produce our first EX-1M samples for mobile and IoT customers in Q2.”

With this status, Enovix will choose to manufacture whatever kind of batteries they have with YBS here.... YBS will be bigger than Genetec 2.0.... Thats my take.... iot, handphones, laptop and even EVs.... sky is the limit.... prepare to hold.... no point buying and selling.... we never know when the sharks will push skyhigh....

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Imagine eventually Enovix decided to build EV batteries and partnering YBS here..... Something our government wanted very much to happen in Malaysia.... Manufacturing components related to EVs....Our government will offer alot of goodies to Enovix to attract them here and stay long term...... 🚀🚀🚀..... we will be laughing to the bank....

Enovix got pioneer status for 15 years ( Tax free, etc.. )..... Looks like more Gen2 lines coming up and more jobs for YBS..... 🌋🚀

In this episode of our podcast, we catch up with Enovix CEO Dr. Raj Talluri and discuss his trip to Mobile World Congress in Barcelona and his Fab2 site visit in Penang last week. 🎧👉 buzzsprout.com/2240960/147188…

Great quick update from @rajtalluri. No hedging language here. Despite the stock price, Raj's confidence seems strong.

$ENVX met with all smartphone customers at MWC which are all "super excited to get samples from [$ENVX] on EX1M... [they] want to test [EX1M] as soon as we give them samples and expect them to put in products next year"

These customers also launch IoT devices like wearables and also launch AR/VR headsets, so exciting to see that the batteries we are making the same customers can consider them for both mobile, IoT, wearables, tablets, and notebooks, so validates our thesis that when we are able to make batteries that meet requirements for mobile phone we now can sell into all the other markets also.

Customers are excited in working with us bc after EX1M we have EX2. Typically customers refresh products once a year. EX1M is something our customers will launch next year and EX2M is something that they launch a year after bc the cycle time to qualify a new supplier is long but once we are in the EX1M, qual to EX2 will be much shorter.

We are already now thinking about EX3M. We continue to improve... there are a lot of new materials coming to the market and bc of our unique architecture we can take advantage of all the material advances people are making. We have a very compelling roadmap going out further and further as we keep increasing capabilities and that's very exciting to our customers bc they want to be on a roadmap that delivers value year on year.

Met with Chief Minister of Penang and he was excited about $ENVX building battery know-how in Malaysia. Spoke about how the govt could help $ENVX scale even more there.

Most customers Raj met in MWC were asking when $ENVX can host an opening of the factory so they can come and visit. Planning that for some time in later part of the summer.

Customers have given $ENVX very clear documentation and req's on how they will test the batteries which cuts the cycle time on how long it takes them to get to production.

TAM: Smartphones this year north of 1200MM units, each customer $ENVX is talking to makes 100-200MM smartphones per year; laptops 200-250MM units per year (3/4 batteries); wearables multiple hundred millions. The customers we are talking to are considering batteries for all applications so even with 5-10% market share of this market at $8-10 a battery in smartphones its a huge multiple billion dollar business... These req's we are meeting with EX1M address all of those and that's why we expect it to ship quite well next year.

😁

Rio2814.... i believe you!

Sounds like Genetec 2.0? Missed out Genetec the last time? YBS looks a bigger bagger ..... with Apple, Xiomi, Huawei, Lenovo, Samsung, etc evaluating Enovix batteries.... Enovix are also currently looking into EV batteries.....

A new Journey to Scale podcast is now available. We catch up with Enovix COO, Ajay Marathe for an update on Gen2 manufacturing milestones at Fab2 in Penang, Malaysia. Listen here 🎧

Go to twitter / X.... look for Enovix Corporation.... All infos are there.... I cant seem to load the podcast here ...

Definitely a Genetech 2.0....

Update from Enovix today.... Gen 2 in Penang goes as planned.... Yield 90% - 99%..... Products from Gen 2 line 1 will be out by April for customers evaluation.... full production in 2H 2024..... As per YBS MD Yong said, YBS going to be on par wh Inari or Vitrox.....

The intertwined fortunes of YBS and Enovix 🖕

https://theedgemalaysia.com/node/699071

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Enovix/YBS spent approximately US70 million on Gen2 Line1 and these machines are made in Korea.... Machines are already delivered to Penang..... As a Malaysian, we all know that machines from Korea are top class and reliable.... Its different scenario if they said that machines are from Bangladesh..... Furthermore, Blackrock is 1 of the largest shareholder in Enovix.... 5.9%...... Chances of YBS shares soaring is pretty high.....

The risk and reward ratio is definitely worth to take......

Betul Rio..... according to YBS Yong, if production is successful, YBS is like Inari or Vitrox..... Inari is 12B market cap and Vitrox is 7B..... YBS have 259million shares..... If take 7B, YBS should be rm27 and if take Inari YBS should be rm46 per share...... Its definitely another Genetec......

Idss 16million shares and counting.... alot of fireworks when these shorties need to cover later....

Anyone staying in Penang? Looks like the Gen 2 machines have arrived and installation is ongoing....

https://x.com/EnovixBatteries/status/1748430313062043851?t=PZObIjvKj8brdYK2htwKwg&s=08

This week's selldown will differentiate between good solid and bad goreng counters.... good solid counters will go down based on sentiment and bounce back up.... bad goreng counters will waterfall down and stay there....

https://www.freemalaysiatoday.com/category/nation/2024/01/14/sarawak-govt-gets-green-light-to-build-cascading-dams/

Sarawak govt gets green light to build cascading dams

Got anything to do with Norges selling???

Sarawak aims to take over another entity to boost entrepreneurship sector, says Abang Johari

https://theedgemalaysia.com/node/697231

WHO classifies JN.1 coronavirus strain as ‘variant of interest’

https://www.scmp.com/news/world/article/3245667/who-classifies-jn1-coronavirus-strain-variant-interest?module=top_story&pgtype=homepage