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When SunPower spun-off Maxeon in August 2020, the Tianjin Zhonghuan Semiconductor Company invested US$298 million for a 24% interest in Maxeon. Chinese technology company TCL later purchased Tianjin Zhonghuan Semiconductor, becoming a major investor in Maxeon. SunPower investor TotalEnergies also kept a significant ownership stake in Maxeon.
In March 2024, Maxeon Solar filed a patent infringement lawsuit against Canadian Solar. The alleged infringement was linked to Maxeon's TOPCon solar cell technology.
TCL, a Chinese company, has the majority stake in Maxeon. The company's panels face detention from U.S. Customs & Border Protection citing the Uyghur Forced Labor Prevention Act (UFLPA).