Source: The Wall Street Journal
Startup’s backers include Cypress, Intel and Qualcomm
Enovix Corp. is taking an unusual approach to address user complaints that batteries of mobile devices run out of power too quickly.
Where others have focused on boosting energy storage capacity by changing battery chemistry, the Silicon Valley startup is betting on a shift in manufacturing technology that borrows techniques from makers of computer chips and solar cells. Enovix expects to produce batteries for wearable devices and other mobile applications with at least double the capacity of existing products.
The company, originally called MicroAzure, hasn’t said much about its plans. But it is likely to attract attention because of its backers, which include chip makers Cypress Semiconductor Corp., Intel Corp. and Qualcomm Inc.
They and other investors have pumped more than $100 million into the company, which expects to begin commercial manufacturing in the second half of 2017.
T.J. Rodgers, founder and chief executive of Cypress, acknowledges that many battery startups have made lofty claims with few tangible results. “There is much more hype in the battery world than there is in the silicon world,” Mr. Rodgers said. But he added of Enovix: “I think these guys will be important.”