China’s Aiko Agrees to Pay Maxeon USD238 Million to End Patent Dispute
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Aiko Solar Energy has agreed to pay USD238 million to Maxeon Solar Technologies to resolve a patent dispute that lasted over two years. The payment will grant Aiko a license for Maxeon's solar back contact cells and components for five years, with installments starting at USD36.08 million in the first year. Following the announcement, Aiko's shares surged by 10% in Shanghai. The agreement will terminate all ongoing legal proceedings between the two companies and aims to strengthen their market position in the BC battery technology sector.
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