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The news feed for Penguin Solutions, Inc. (associated in SEC filings with SMART Global Holdings, Inc. ordinary shares) highlights developments across its Advanced Computing, Integrated Memory, and Optimized LED activities. Company announcements describe Penguin Solutions as supporting customers through computing, memory, and LED lines of business, with brands such as SMART Modular Technologies, Cree LED, and Stratus playing key roles.
News related to SMART Modular Technologies covers integrated memory solutions and milestones in emerging memory technologies. For example, SMART Modular has announced that its CXL (Compute Express Link) memory add-in cards passed CXL 2.0 compliance testing and were listed on the CXL Consortium’s Integrators’ List, emphasizing standards-based interoperability for high-performance computing environments.
Cree LED news items focus on LED chips and components and the company’s intellectual property. Recent releases include a patent infringement lawsuit filing and a multi-year global patent license agreement with Daktronics for LED display technology, reflecting Cree LED’s long history of LED innovation and its extensive patent portfolio.
Stratus news highlights high-availability, fault-tolerant computing platforms for industrial automation and critical infrastructure. Announcements describe participation in industry events and demonstrations of edge-to-cloud smart manufacturing and cybersecurity solutions running on Stratus platforms such as ztC Edge.
Penguin Solutions also issues corporate news on financial results, strategic investments, and collaborations. Examples include quarterly financial results for fiscal 2025, a strategic investment from SK Telecom, and a collaboration agreement with SK Telecom and SK hynix to pursue AI data center solutions. Investors and observers can use this news stream to follow segment performance, technology updates, and corporate actions that shape Penguin Solutions’ role in advanced computing, integrated memory, and LED markets.
SMART Global Holdings (SGH) will host one-on-one meetings at the 23rd Annual Needham Virtual Growth Conference on January 11-12, 2021. Management will also participate in a fireside chat scheduled for January 12 at 2:00 p.m. ET, which can be streamed live on the SGH website. Interested participants can register for the conference and arrange meetings by contacting a representative at Needham & Company. SGH specializes in designing electronic products focused on computing and memory technology for various sectors, including enterprise and government.
SMART Global Holdings (SGH) will report its financial results for Q1 fiscal 2021 after the market closes on January 5, 2021. A conference call will follow at 1:30 p.m. PT to discuss the results and provide a future outlook. Investors can tune into the webcast available on the SGH website. The company specializes in designing and manufacturing products focused on computing and memory technology, servicing various sectors including enterprise and government.
SMART Global Holdings (Nasdaq: SGH) has entered an agreement to acquire Cree, Inc.’s LED Products business unit for up to $300 million. This transformative acquisition aims to enhance SMART's growth and diversification strategy in niche LED markets including specialty lighting. The deal is expected to be immediately accretive to Non-GAAP EPS, Free Cash Flow, and overall earnings consistency.
The acquisition includes a cash payment of $50 million upon closing with a seller-financed note and potential earn-out based on future performance.
SMART Global Holdings, Inc. (NASDAQ: SGH) reported its Q4 and full-year fiscal 2020 results, highlighting a strong finish with Q4 net sales of $297 million, up 6.7% year-over-year. GAAP net income was $7.5 million or $0.30 per share, while non-GAAP net income reached $20.4 million or $0.82 per share, reflecting a 72.2% increase. For FY20, net sales totaled $1.1 billion, down from $1.2 billion the previous year, with a GAAP net loss of $1.1 million. Management anticipates continued growth driven by strong relationships and operational capabilities.
MemVerge and Penguin Computing announced a partnership on Sept. 23, 2020, to launch the world's first Big Memory Computing Solutions. These solutions leverage DRAM and persistent memory to create powerful software-defined memory pools, addressing the growing demand for real-time applications. By 2024, nearly 25% of data created will be real-time, making this technology vital for enterprise-class data services. The collaboration enables faster processing and recovery times for large datasets, which is crucial for AI and HPC applications.
SMART Global Holdings (NASDAQ: SGH) will release its fourth quarter and fiscal year 2020 financial results on October 1, 2020, after market close. A conference call will be held at 1:30 p.m. PT to discuss the results and provide a business outlook. The call can be accessed through the company's website and will include a live webcast. A replay will be available for one week post-call. SMART focuses on memory and computing technology, serving various sectors including communications and industrial automation.
SMART Global Holdings (NASDAQ: SGH) announces executive promotions, appointing Jack Pacheco as President of SMART Memory Solutions Business while retaining his role as Chief Operating and Financial Officer. KiWan Kim has been promoted to Executive Vice President and President of SMART Emerging Markets. These changes are expected to leverage their leadership and experience to enhance performance and drive growth in core business areas. Mark Adams, CEO, emphasizes their vital contributions, particularly Pacheco’s leadership during the pandemic and Kim's extensive experience in emerging markets.
SMART Global Holdings (NASDAQ: SGH) has announced its third quarter fiscal 2020 financial results will be reported after the market closes on July 7, 2020. A conference call to discuss these results will take place at 1:30 PM PT (4:30 PM ET) on the same day. The call will be accessible via the company's website. Additionally, a replay will be available for one week. SMART is noted for its expertise in memory and computing technology, serving various sectors including government and industrial applications.
SMART Global Holdings (NASDAQ: SGH) announced participation in two upcoming investor events. The first is the Oppenheimer 5th Annual Emerging Growth Conference on May 12, 2020, which will feature one-on-one virtual meetings. The second event is a Needham-hosted call on May 15, 2020, at 10 AM PT, including executives like CEO Ajay Shah. These engagements aim to strengthen investor relations and highlight SMART's focus on memory and computing technology across various industries.