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  • Maxeon Announces A Broad Strategic Restructuring Of The Co's Business Portfolio And Geographic Market Focus. Going Forward, Intends To Focus Exclusively On The U.S. Market Where Its Market Presence And Planned Local Manufacturing Footprint Create A...

Maxeon Announces A Broad Strategic Restructuring Of The Co's Business Portfolio And Geographic Market Focus. Going Forward, Intends To Focus Exclusively On The U.S. Market Where Its Market Presence And Planned Local Manufacturing Footprint Create A...

Benzinga ·  Nov 26 21:05

Maxeon Announces A Broad Strategic Restructuring Of The Co's Business Portfolio And Geographic Market Focus. Going Forward, Intends To Focus Exclusively On The U.S. Market Where Its Market Presence And Planned Local Manufacturing Footprint Create A Strong Platform To Drive Growth And Profitability

Maxeon to Focus Exclusively on U.S. Market, Executes Term Sheets with TCL Group to Address Rest-of-World
Markets

SINGAPORE , Nov. 26, 2024 /PRNewswire/ -- Maxeon Solar Technologies (NASDAQ:MAXN) today announced a broad strategic restructuring of the Company's business portfolio and geographic market focus. Going forward, the Company intends to focus exclusively on the U.S. market where its market presence and planned local manufacturing footprint create a strong platform to drive growth and profitability. As a key part of this strategy, Maxeon has executed a five-year lease of an existing building in Albuquerque, New Mexico and plans to begin solar panel manufacturing in this 2 GW capacity facility in early 2026.

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