Maxeon exits global markets to focus on US solar manufacturing

Maxeon Solar Technologies, headquartered in Singapore, has sold its non-US assets to focus solely on the US solar market. The company has added $94 million to its balance sheet and is developing a manufacturing facility in Albuquerque, New Mexico. According to Maxeon, construction timelines were revised in March 2025, and design work for initial phases has been completed. The facility is set to integrate advanced technology from Maxeon’s Silicon Valley R&D team for domestic solar applications. Maxeon said it is engaging US-based component vendors to support a resilient local supply chain. Panel import protests under UFLPA were denied by US CBP citing insufficient documentation, despite Maxeon's submissions and assertion that no evidence of non-compliance was cited. Maxeon has criticized the process and is considering legal action while shifting supply chains to unaffected facilities.