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Overview of SMART Global Holdings, Inc. (SGH)
SMART Global Holdings, Inc. is synonymous with extensive expertise in specialty memory, storage, and hybrid technology solutions, positioning itself as an invaluable partner for original equipment manufacturers in the electronics industry. With over 25 years of proven experience, the company excels in delivering innovative memory solutions, advanced storage technologies, and versatile hybrid modules that address the evolving demands of computing, networking, communications, and industrial applications.
Core Business Capabilities and Technology Solutions
At its core, SMART Global Holdings has built a portfolio that spans a wide spectrum of memory and storage solutions. The company combines technical design expertise with comprehensive manufacturing and supply chain processes to create robust memory and storage products. Its product line includes dynamic random access memory (DRAM), flash memory, and hybrid memory solutions available in multiple form factors to meet diverse customer requirements. Through a dedication to customer-specific design and engineering support, the company effectively integrates cutting edge semiconductor technology with precision manufacturing standards.
Customer Collaboration and Integrated Solutions
SMART Global Holdings collaborates closely with a broad spectrum of OEM customers. These partnerships enable the company to fine-tune its products to match exacting technical specifications found in high-end computing systems, communications equipment, and industrial applications. By involving expert teams at every stage—from initial design to final testing—the company ensures that every solution is optimized for both performance and reliability. This integrated approach not only enhances the overall product quality but also reinforces the company's position as a trusted strategic partner in the global electronics market.
Market Position and Competitive Landscape
Within the competitive landscape of the electronics industry, SMART Global Holdings stands out due to its unwavering commitment to innovation and excellence. The company has carved out a niche by offering in-depth, customer-specific technical support and value-added testing services that ensure superior end-product performance. This commitment has allowed the company to secure long-standing relationships with global OEMs who demand reliability, tailored solutions, and flexible design capabilities across multiple segments including computing, networking, storage, and mobile platforms.
Manufacturing Excellence and Quality Assurance
Quality is a cornerstone of SMART Global Holdings' operations. Utilizing advanced manufacturing processes and comprehensive testing regimes, the company not only meets but exceeds industry standards. Expert engineers and quality assurance professionals work collaboratively to deliver products that reliably perform under demanding conditions. These rigorous quality measures have bolstered the company’s reputation as an authority in crafting memory solutions that are both robust and innovative.
Engineering Innovation and Industry Expertise
Innovation remains at the forefront of SMART Global Holdings' strategic outlook. Leveraging decades of expertise, the company continually refines its technology to address new challenges in the dynamic field of electronics. Its emphasis on customer-specific design, technical support, and rigorous testing highlights a commitment to both comprehensive quality and innovation. By integrating emerging trends in semiconductor and micro-electronics technology, SMART Global Holdings has maintained a strong industry presence that is engineered to serve the sophisticated requirements of a global market.
Integrated Business Model and Global Reach
Embodying a multifaceted business model, SMART Global Holdings exemplifies how technological innovation and customer-centric processes can be combined to deliver superior solutions in specialty memory and storage. The company’s operations include end-to-end services that span the initial design phase, through prototyping and production, to final quality validation. This comprehensive service offering enables it to function as a single point of contact for clients seeking streamlined, high-performance memory and storage solutions, further reinforcing its authority within the electronics supply chain. Its global footprint reflects a vast network of partnerships and an in-depth understanding of regional market dynamics, making it a key participant in the fast-evolving electronics ecosystem.
Understanding the Company's Value Proposition
SMART Global Holdings distinguishes itself through a combination of deep engineering expertise, robust technical support, and a commitment to quality and innovation. The company’s value proposition lies in its ability to translate complex design requirements into scalable, reliable memory and storage solutions that cater to the specific needs of diverse industries. Its extensive experience has cultivated a reputation for precision and adaptability, ensuring that its offerings remain at the forefront of the rapidly changing technology landscape.
Conclusion
In summary, SMART Global Holdings, Inc. is a comprehensive provider of specialty memory, storage, and hybrid solutions that serve a broad array of industries worldwide. By combining advanced technological capabilities with customized design support and rigorous quality assurance, the company continues to reinforce its stature as a trusted partner in the electronics industry. The emphasis on collaboration, innovation, and manufacturing excellence underlines a deep commitment to operational integrity and technical superiority—a hallmark of its market significance and competitive positioning.
SMART Modular Technologies, a leader in memory solutions, has announced the launch of its new T5EN PCIe/NVMe M.2 2280 and U.2 flash drives. Designed for aerospace, defense, and industrial applications, these drives offer capacities up to 8TB (M.2 up to 4TB) and feature Gen3x4 performance with 3D TLC flash and pSLC support. Key benefits include superior reliability in harsh environments, military-grade data protection with 256-bit encryption, and OPAL 2.0 compliance for enhanced security. This development extends the T5E family of SSDs, aligning with the trend in embedded systems.
SMART Modular Technologies, a leader in memory solutions, has launched its new T5PFLC FIPS 140-2 SSDs. These SSDs provide certified authentication and sophisticated encryption, with capacities ranging from 120GB to 2TB. The FIPS 140-2 standard ensures that sensitive data is protected against cyber threats, making it suitable for U.S. Federal government applications. Michael Guzzo emphasized that these SSDs allow for component changes while remaining compliant, cutting costs for customers. Technical specs include read speeds up to 550 MB/s and write speeds up to 530 MB/s.
SMART Global Holdings, Inc. (SGH) reported Q2 FY21 results with net sales of $304.0 million, an increase of 11.8% year-over-year. GAAP net income reached $5.8 million or $0.23 per share, reversing a net loss of $9.7 million in the prior year. Non-GAAP net income soared to $21.9 million or $0.87 per share, a 71.1% rise compared to last year. Adjusted EBITDA was $31.0 million, up 38.9%. The Intelligent Platform Solutions segment grew sales by 30% quarter-over-quarter, reflecting SGH’s diversification and growth strategies.
SMART Global Holdings, Inc. (SGH) announced the grant of inducement awards to five new employees as part of their employment commencement. Key grants include: 19,556 RSUs to Anne Kuykendall (VP and General Counsel), 21,626 RSUs to Valerie Sassani (VP of Marketing), 15,645 RSUs to Jean McDaniel (VP, Office of Transformation), 65,000 RSUs to Tom Quinn (SVP, Business Development), and 20,000 RSUs to Ravi Bali (VP of HR). These grants comply with Nasdaq Listing Rules and are part of the 2021 Inducement Plan, vesting over four years contingent on continued employment.
SMART Global Holdings (SGH) announced the appointments of three key leaders: Anne Kuykendall as General Counsel, Jean McDaniel as Vice President of the Office of Transformation, and Valerie Sassani as Vice President of Marketing and Communications. Kuykendall will oversee legal and compliance functions, while McDaniel will drive integration and standardization efforts. Sassani will enhance SGH's marketing strategy. CEO Mark Adams expressed enthusiasm for these appointments, emphasizing their potential to foster business growth and scalability.
SMART Modular Technologies, a subsidiary of SMART Global Holdings (Nasdaq: SGH), has unveiled its new DuraMemory™ high-density, low-profile DIMMs and Mini-DIMMs tailored for hyperscale data center networking. These products enhance network bandwidth and reliability, crucial for efficient data transfer. The DuraMemory solutions support various network types, particularly as 5G rollout progresses. Key benefits include a comprehensive memory portfolio, design expertise, and long-term support for OEMs, ensuring longevity and serviceability of networking equipment.
SMART Modular Technologies, a subsidiary of SMART Global Holdings (Nasdaq: SGH), has expanded its DuraFlash™ ME2 SATA SSD product line. The new additions include M.2 2242 SATA, mSATA, and Slim SATA, complementing existing offerings. These SSDs are built using Triple-Level Cell 3D NAND technology and are suitable for various applications, featuring enhanced reliability through advanced error detection and correction. Capacities range from 240GB to 1920GB, with read and write speeds up to 560MB/s and 520MB/s respectively. This expansion aims to provide customers with a broader selection of reliable storage solutions.
SMART Global Holdings (Nasdaq: SGH) will host a virtual Analyst Day on April 20, 2021, starting at 8:00 a.m. PT / 11:00 a.m. ET. CEO Mark Adams and the SGH executive team will present, followed by a live Q&A session. Attendees can register here. The event will be streamed live and archived on SGH's Investor Relations website.
SMART Global Holdings (SGH) will announce its financial results for Q2 FY21 on April 6, 2021, after market closure. A conference call is scheduled at 1:30 PM PT to discuss these results and provide a business outlook. The call can be accessed domestically at (844) 912-3896 and internationally at (236) 714-3344, using access code 8075139. Investors can also access a live webcast and a replay of the call on SGH's investor website, which will be available for one year.
SMART Global Holdings, Inc. (SGH) announced the grant of 34,009 time-based restricted share units to Thierry Pellegrino, appointed on March 8, 2021, as Senior Vice President and President of Specialty Computing. This grant was approved by the independent Compensation Committee as an inducement for Pellegrino's employment, in compliance with Nasdaq Listing Rules. The shares will vest over four years, with 25% vesting on April 20, 2022. SGH focuses on designing and manufacturing electronic products in computing, memory, and LED lighting technologies.
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