By Sabela Ojea
Maxeon Solar Technologies said it is establishing an alternative network of supply chain partners and increasing its manufacturing capabilities in the U.S. as it deals with new tariffs and trade barriers.
The Singapore-based solar technology company on Friday said that it is also identifying additional domestic component vendors to support its diversified manufacturing operations.
"Domestic manufacturing is the right thing to do, regardless of tariffs," Chief Executive George Guo said. "While the company still faces near-term headwinds, we are making progress in strengthening our supply chain versatility and resilience, streamlining operations, increasing efficiency, and reducing cost."
Maxeon's changes across its supply chain structure come in the midst of President Trump's latest round of tariffs and after the U.S. Customs and Border Protection denied the company's protests on the detained shipments of three of its solar panels that started under the Biden administration.
The CBP's decision implied that future imports of the same products with identical supply chain would likely be denied entry in the U.S., the company said.
Guo said Maxeon recognizes the importance of continuing the development of its U.S.-based manufacturing facilities and is working on the development of its Albuquerque-based facility.
"We are committed to continuing to work with the Trump administration as well as leaders in New Mexico to deliver our cutting-edge, high efficiency solar products to our residential and utility-scale partners active nationwide," the executive said.
The company last year concluded the sale of its non-U.S. business to its majority shareholder, TCL Group, to focus exclusively on the U.S. market.
As part of the pivot, Maxeon signed a five-year lease on an existing building in Albuquerque, N.M., with a plan to start making solar panels there in early 2026.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
April 04, 2025 17:05 ET (21:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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