Maxeon looks to bring solar manufacturing back home with $1B US factory

URLhttps://www.canarymedia.com/articles/clean-energy-
SourceCanary Media
Date Published08/10/2023

Additional Reshoring Information:

Company/Division name Maxeon Solar Technologies
Parent companyMaxeon Solar Technologies
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1800
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):1000
Country(ies) from which reshored:Singapore
City reshored to:Albuquerque
State(s) reshored to:NM
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsolar cell
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Lean/other business process improvement techniques, Inflation Reduction Act
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