Metro Manila (CNN Philippines, May 3) — Solar technology provider Maxeon is looking to invest around $900 million — or nearly ₱50 billion — for the expansion of its operations in the Philippines, according to Malacañang.
In a statement, the Palace said the firm bared its plan during a meeting with President Ferdinand Marcos Jr. and his officials in Washington D.C.
Bill Mulligan, CEO of Maxeon, said the investment could trigger the creation of over 3,000 jobs “in the next few years.”
Mulligan said he sees the Philippine market as a “strategic partner” in the group’s business growth.
It operates in the country under the name of Sunpower Philippines Manufacturing, with seven projects in Laguna composed of manufacturing, IT, and logistics activities.
