SMART Global Holdings, Inc. Ordinary Shares - SGH STOCK NEWS

SMART Global Holdings, Inc. (SGH) will hold its fourth quarter fiscal year 2022 earnings conference call on October 4, 2022, at 1:30 p.m. PST. Financial results will be released prior to the call. Investors can access the live webcast on SGH's investor relations website. The call can also be heard by dialing +1 844-200-6205 for domestic participants. A replay will be available for one year on the website and for a week via telephone. SGH focuses on technologies in computing, memory, and LED lighting, emphasizing strategic partnerships and growth.

Penguin Solutions, part of SGH, introduced the Penguin Edge IFC6720, a platform for driving networked video content distribution in edge applications. Built on the Qualcomm SDA845 SoC, it supports dual 4K displays and enhanced security in digital signage, video conferencing, and collaboration sectors. The product is priced at $499 and features advanced connectivity options. Korbyt, a user, praised the platform's processing capacity for their digital signage solutions. This platform aims to transform enterprise and education environments.

SMART Global Holdings (SGH) announced the grant of 372,347 restricted share units (RSUs) to 273 non-executive employees following its acquisition of Stratus Technologies, completed on August 29, 2022. Additionally, an individually negotiated RSU award of 103,600 shares was given to David Laurello, senior vice president of Corporate Development at SGH. These awards will vest over four years, with 25% vesting on October 20, 2023. This initiative aims to incentivize new employees as part of SGH's growth strategy.

SMART Modular Technologies has unveiled its latest XMM CXL™ Memory Module, designed to enhance server and data center performance. This DDR5 module enables cache coherent memory and broadens data processing capabilities, overcoming limitations of traditional configurations. It features a 64GB capacity compliant with CXL 2.0 specifications, facilitating dynamic memory allocation without downtime. SMART aims to support the growing need for higher bandwidth and capacity through this innovative technology, targeting a range of server applications.

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.