Welcome to our dedicated page for SMART Global Holdings news (Ticker: SGH), a resource for investors and traders seeking the latest updates and insights on SMART Global Holdings stock.
Penguin Solutions, Inc. reports company developments across high-performance computing, AI infrastructure, memory and LED technology businesses. Recurring updates include ICE ClusterWare software for AI and HPC cluster management, Stratus ztC Endurance fault-tolerant computing platforms, SMART Modular memory and storage products, and Cree LED intellectual-property and licensing activity.
News also covers financial results, strategic AI data center collaborations, convertible preferred equity financing, and product compliance milestones such as CXL memory add-in card interoperability. The company’s operating focus spans accelerated computing infrastructure, high-availability enterprise systems, integrated memory solutions, solid-state drives, hybrid storage products and LED chips and components.
Cree LED, a subsidiary of SGH, has launched a new website featuring enhanced filtering and sorting tools for its extensive portfolio of LED chips and components. Customers can perform parametric searches on the site to quickly find products based on various attributes, including voltage and color options. The website also includes product news and updates, links to data sheets, and improved navigation for locating distributors. Cree LED plans to expand the site’s language options, including a Chinese version, enhancing accessibility for global users.
SMART Global Holdings, Inc. (SGH) has successfully completed its acquisition of Stratus Technologies for $225 million, enhancing its Intelligent Platform Solutions portfolio. This strategic move aims to drive growth by combining SGH's offerings with Stratus’s high-availability compute platforms and unique service solutions catering to Edge, Core, and Cloud demands. SGH anticipates that the acquisition will be immediately accretive to non-GAAP gross margin, EPS, and free cash flow. The deal included contingent consideration of up to $50 million based on Stratus's performance in its first fiscal year post-acquisition.
SMART Global Holdings (SGH) announced the appointment of Mark Papermaster, Chief Technology Officer at Advanced Micro Devices (AMD), to its board of directors, effective August 22, 2022. Papermaster brings over 35 years of engineering and technology experience, having led innovation at AMD and other major tech firms. His expertise in microprocessor design and system-on-chip development is expected to enhance SGH's technological capabilities and strategic direction.
SMART Modular Technologies has launched SMART Zefr™ Memory, a cutting-edge solution that reduces memory reliability failures by over 90%. This proprietary process enhances memory subsystems, ensuring maximum uptime for data centers, hyperscalers, and high-performance computing (HPC) platforms. The technology has been tested under real-world conditions to filter out unreliable components, contributing to improved system efficiency and reduced maintenance costs. Partnering with Penguin Computing, SMART Zefr Memory is positioned as a high-reliability solution for demanding applications.
SMART Modular Technologies, a division of SGH, introduces its new XMM CXL Memory Module, designed to optimize server and data center performance. The DDR5 XMM CXL modules surpass traditional memory limitations, allowing dynamic memory configuration without downtime. This technology, compliant with CXL 2.0, enhances big data processing by supporting shared memory across nodes. Future plans include additional CXL products to further expand memory capacity and bandwidth.
SMART Global Holdings (SGH) has announced a definitive agreement to acquire Stratus Technologies for $225 million in cash, with an additional earn-out payment of up to $50 million based on Stratus's gross profit performance. The acquisition aims to enhance SGH's Intelligent Platform Solutions (IPS) by integrating Stratus's high-availability and fault-tolerant computing platforms. This strategic move is expected to expand SGH's offerings in the Edge, Core, and Cloud markets while generating over $80 million in recurring revenue.
SMART Global Holdings, Inc. (SGH) reported a strong third quarter for fiscal 2022, marking its ninth consecutive quarter of year-over-year revenue growth. Net sales reached $463 million, up 6% from the previous year. GAAP gross margin improved to 24.7%, while non-GAAP gross margin was 25.7%. The company posted a GAAP EPS of $0.44 compared to a loss of $(0.15) a year ago. SGH also announced its agreement to acquire Stratus Technologies, enhancing its offerings in high-availability solutions for data centers and edge markets.
SMART Modular Technologies, a division of SGH, introduces the DuraFlash™ MP3000 PCIe NVMe SSD portfolio, enhancing storage options for data centers and telecom applications. The MP3000 series features M.2 2280, 22110, and E1.S form factors with capacities from 240GB to 1920GB and speeds up to 3500MB/s read and 2000MB/s write. It incorporates SafeDATA™ technology for power-loss protection, targeting enterprise environments with up to 1 Drive Write per Day endurance. The MP3000 is compliant with NVMe v1.4 and includes advanced security features like self-encryption.
Cree LED, a subsidiary of SGH, showcased its innovative XLamp® Element G (XE-G) LEDs at LightFair 2022. This new product line offers enhanced light output and efficiency, highlighted by a captivating display of colors. The XE-G family was recognized by EdisonReport as a “LightFair Top 10 MUST SEE” product and will be featured in two demonstrations focusing on color mixing advantages. Additional displays include products like the Color-tunable projector and Photophyll™ Select, targeting various lighting applications.
SMART Global Holdings (SGH) announced it will host its Q3 FY22 financial conference call on June 29, 2022, at 1:30 PM PDT. The call will follow a press release detailing the company's earnings. Investors can access the live webcast through the provided link. A telephonic replay will also be available for a week post-call. SGH emphasizes its commitment to innovation across computing, memory, and LED lighting solutions, aiming to build long-term partnerships and drive growth.