Investing.com — Enovix Company, the battery producer, has seen its inventory rise by as much as 27% following the receipt of a pre-paid order for its silicon batteries.
The acquisition order, from an unidentified know-how firm, didn’t disclose its phrases.
The batteries ordered are meant to be used in “next-generation head-worn combined actuality wearables,” in keeping with Enovix.
The corporate added that these batteries would contribute to the development of good glasses, augmented actuality gadgets, and different modern merchandise within the combined actuality area.
As per the settlement, Enovix is anticipated to start supply of the preliminary shipments by mid-2025.
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