Item 2.05. Costs Associated with Exit or Disposal Activities.

On October 12, 2012, SunPower Corporation ("SunPower") announced a reorganization to accelerate operating cost reduction and improve overall operating efficiency. Due to an increase in the expected amount of severance charges to be incurred under the previously announced restructuring plan, SunPower is filing this Amendment No. 1 to Current Report on Form 8-K to update the range of expected restructuring charges. As of January 9, 2013, SunPower expects to record restructuring charges totaling $33.0 million to $40.0 million, composed of severance benefits, lease and related termination costs, and other associated costs, the majority of which will likely be recorded in the fourth quarter of fiscal 2012. SunPower expects greater than 90% of these charges to be cash.

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