Fabrinet Surges to 499th in Trading Volume with $204 Million Day as Innoviz Partnership Boosts Stock

On April 23, 2025, Fabrinet (FN) saw a significant increase in trading volume, reaching $204 million, which was a 110.27% rise from the previous day. This surge placed Fabrinet at the 499th position in terms of trading volume for the day. The stock price of Fabrinet rose by 5.46%, marking two consecutive days of gains with a total increase of 8.30% over the past two days.

Fabrinet has been selected as the manufacturing partner for Innoviz Technologies' InnovizTwo LiDAR product platform. This strategic partnership will encompass both the InnovizTwo Long-Range and InnovizTwo Short- to Mid-Range LiDAR solutions. Fabrinet's expertise in automotive-grade manufacturing will enable Innoviz to scale production efficiently and cost-effectively, meeting the highest automotive standards. The partnership is expected to allow Innoviz to focus on its core strength of designing cutting-edge LiDAR technology while benefiting from Fabrinet's manufacturing proficiency.

Fabrinet's facility has undergone rigorous audits by several global leading automotive OEMs, ensuring compliance with the German automotive VDA 6.3 standard. This partnership reinforces Fabrinet's position as a leading contract manufacturer of complex products for the automotive industry. The collaboration is anticipated to enable Innoviz to meet customer demands faster and offer high-performance, automotive-grade products at a competitive price point.