New ask Hacker News story: Can someone explain the Maxeon deal to me?

Can someone explain the Maxeon deal to me?
2 by killjoywashere | 0 comments on Hacker News.
As I understand it, SunPower spun out Maxeon, which was bought by a Singapore shell company in fact backed by the CCP, but CFIUS let it happen because Singapore. Now Maxeon, effectively a Chinese asset, is seeking US loans and incentives under the Inflation Reduction Act to build a plant in New Mexico. I have to be missing something, right?

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