[SMM PV News] Maxeon Applies for Judicial Management in Singapore

Published: Apr 7, 2026 14:11
Maxeon Solar Technologies has filed for voluntary judicial management in Singapore to seek an arrangement with creditors and avoid liquidation. The decision follows two years of financial struggles triggered by the continued detention of its modules by 'US' Customs and Border Protection ('CBP') and recent legal actions seeking over $70 million in damages. After 'CBP' detained its Mexico-made products in 2024 and its former parent SunPower filed for bankruptcy, Maxeon pivoted its focus entirely to the 'US' market. In February 2026, the company abandoned its planned $1.9 billion facility in New Mexico in favor of using third-party 'US' manufacturers. An initial hearing is set for April 9.

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