Title: Maxeon Solar Technologies Providing Updates on Business Initiatives and U.S. Market Focus

Maxeon Solar Technologies, a leading global solar innovation company, recently shared key updates on its business strategies and recent transactions. The company is focusing on strengthening its position in the challenging solar market while prioritizing the delivery of top-tier solar panels and renewable energy solutions to its customers. Despite facing near-term challenges, Maxeon is making progress in enhancing its supply chain, streamlining operations, and reducing costs.

Updates on Business Restructuring and U.S. Market Focus
Maxeon has strategically restructured its business portfolio to concentrate exclusively on the U.S. market. By selling certain non-U.S. assets, the company has positioned itself for future growth and success in the U.S. residential, commercial, and utility power plant markets.

Challenges with CBP Product Review
Maxeon faced challenges with the U.S. Customs & Border Protection (CBP) regarding the exclusion of certain solar panels. Despite Maxeon’s efforts to demonstrate compliance with the Uyghur Forced Labor Prevention Act, CBP denied the company’s protests based on alleged insufficient documentation. Maxeon is considering contesting CBP’s decision to ensure compliance with the UFLPA.

Development of Domestic Manufacturing Facilities
Maxeon is committed to developing its U.S.-based manufacturing facilities, including the Albuquerque-based facility. The company aims to incorporate next-generation technology developed by its Silicon Valley-based R&D team to drive long-term success.

About Maxeon Solar Technologies
Maxeon Solar Technologies leverages its decades of solar energy leadership to design innovative and sustainable solar panels and energy solutions for residential, commercial, and power plant customers. The company is dedicated to powering positive change and maintaining the highest standards of transparency and compliance.

Conclusion
Maxeon Solar Technologies is focused on driving innovation and sustainability in the solar energy industry. By prioritizing domestic manufacturing, enhancing supply chain resilience, and maintaining compliance with regulations, the company is poised for continued success in the U.S. market. Stay updated on Maxeon’s latest developments and initiatives to support the transition to renewable energy solutions.