Maxeon Solar Technologies, Ltd. announced on January 26, 2025, that it has entered into a definitive Sale and Purchase Agreement to sell its 100% stake in SunPower Philippines Manufacturing Ltd. for $58.6 million, following a term sheet disclosed on November 26, 2024. Additionally, the agreement involves the transfer of targeted assets worth approximately $7.26 million, contingent upon certain approvals being met by April 30, 2025.