Maxeon Solar Technologies

Under Review

🇸🇬 SingaporeSingaporeSolar PanelsPublic (NASDAQ: MAXN)

Last verified: 2026-04-22

Risk Summary

Country RiskLowHQ in Singapore (allied nation)

Entity List ExposureLowNot on any lists

Ownership RiskLowPublic (NASDAQ: MAXN)

Domestic AlternativeLow11 allied/US options available

Entity List Screening

ListAgencyStatusYear

BIS Entity ListBureau of Industry and SecurityNot Listed2026

OFAC SDN ListOffice of Foreign Assets ControlNot Listed2026

DOD Section 1260HDepartment of DefenseNot Listed2026

UFLPA Entity ListCustoms and Border ProtectionNot Listed2026

SEC DisclosuresSecurities and Exchange CommissionNot Listed2026

IRS FEOC GuidanceInternal Revenue ServiceNot Listed2026

Ownership Structure

Public company. TCL Zhonghuan (Chinese) is largest shareholder (~20%). SunPower sold its stake.

🇸🇬 SingaporeIndividual / Shareholder

Maxeon Solar Technologies

🇸🇬 SingaporeManufacturer

Source: SEC filings, stock exchange disclosures, corporate registry data. Ownership percentages reflect most recent available disclosure.

Compliance Assessment

Singapore-headquartered but largest shareholder is TCL Zhonghuan, a Chinese company. Requires component-level FEOC analysis due to potential Chinese influence through significant minority stake.

Key Factors

Headquartered in Singapore, an allied nation
Ownership: Public (NASDAQ: MAXN)
No current US domestic manufacturing operations
Not listed on any federal entity lists
Complex ownership structure. TCL Zhonghuan (Chinese) has significant stake, creating FEOC ambiguity. Filed for restructuring in late 2024.

Products & Equipment

IBC solar cells (Maxeon series)Shingled solar modules (Performance series)

Manufacturing in Malaysia and Mexico. No US cell/module facility.

Clean Alternatives in Solar Panels

Allied-nation manufacturers in the same product category

First SolarClean

🇺🇸 United StatesUS Mfg

Meyer Burger TechnologyClean

Mission Solar EnergyClean

🇺🇸 United StatesUS Mfg

Aptos Solar TechnologyClean

🇺🇸 United States

Data Sources

SEC EDGAR - MAXN 20-F
Company annual reports

This information is for reference only and does not constitute legal advice. Compliance determinations should be verified with qualified legal counsel. Entity list data is sourced from publicly available federal databases and may not reflect the most recent updates.