In 2019, the Sunpower group decided to split its international production activities from those of storage and services centred in the United States. The first entity was renamed Maxeon Solar and is now headquartered in Singapore and the second kept the name Sunpower and is based in California. At the time of the split, the Tianjin Zhonghuan Semiconductor company made a 29% stake in Maxeon Solar for 298 million dollars.