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

SMART Modular Technologies, a Penguin Solutions brand (Nasdaq: PENG), has launched its new T6EN PCIe/NVMe flash drives designed for aerospace, defense, and industrial applications. Available in U.2, E1.S, and M.2 2280 form factors, these ruggedized SSDs offer capacities up to 15TB for U.2 and 8TB for E1.S and M.2 2280 versions. The drives feature AES-XTS 256-bit encryption, OPAL 2.0 compliance, and utilize 3D TLC flash memory. Enhanced durability features include thicker PCBs, robust signal routing, and optional conformal coating for protection against environmental factors.

Penguin Solutions (Nasdaq: PENG) has released its 2023 Environmental, Social, and Governance (ESG) Report, marking its fourth annual publication. Key achievements include a 76% reduction in Scope 1 and 2 greenhouse gas emissions and reaching 78% renewable energy usage with a second site conversion to 100% renewable energy. The company conducted a global gender pay parity study and maintained membership in the Responsible Business Alliance. In 2024, Penguin Solutions completed its first formal double materiality assessment, incorporating guidelines from GRI, UN SDGs, UNGC, TCFD, and ESRS.

Cree LED, an SGH company (Nasdaq: SGH), has announced that the city of Santiago de Querétaro in central Mexico is upgrading its downtown lighting. The project, authorized by state and municipal governments, will replace 1600 sodium-based lamps with LED fixtures. IDC Componentes (IDC2) and Ilumiled are implementing the upgrade, which maintains the downtown area's light color and softness while improving light uniformity and reducing power consumption by over 50%.

The new fixtures use Cree LED's JR5050C E Class LEDs with a 2200K CCT, preserving the warm ambiance while delivering higher light output. The upgrade is projected to reduce power consumption by 58% over the next decade, resulting in annual energy savings of approximately $80,000 USD. The project aims to modernize lighting while maintaining the integrity of the 18th century downtown area.

SMART Global Holdings (SGH) has announced its upcoming financial webcast and conference call for the fourth quarter and full fiscal year 2024 earnings. The event is scheduled for Tuesday, October 15, 2024, starting at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Financial results will be released in a press release before the conference call.

Interested parties can access the live webcast through the SGH Q4 FY24 Earnings Call Webcast link. For those preferring to listen via phone, dial-in options are available: +1 833-470-1428 (domestic) or +1 929-526-1599 (international), using access code 916986.

An archived version of the webcast will be available on the SGH investor relations website for one year. A telephonic replay will also be accessible for one week after the call.

SMART Modular Technologies, a division of SGH (Nasdaq: SGH), has introduced proprietary technology to mitigate single event upsets (SEUs) in high-reliability flash-memory based systems. The MP3000 NVMe SSD products with SEU mitigation can reduce annual failure rates from 17.5k/Mu to less than 10/Mu, potentially saving hundreds of thousands of dollars in service costs. This technology is important for maintaining uninterrupted uptime in remote deployments.

The company's SATA and PCIe NVMe boot drives can slash annual failure rates by up to 99.7% by recovering from soft errors due to SEUs. Available in storage capacities from 60GB to 1.92TB, these drives are designed for applications requiring maximum uptime and are offered in commercial and industrial temperature grades.

Stratus Technologies, an SGH company (Nasdaq: SGH), has announced expanded Linux capabilities for its 12th generation ftServer platform. The update includes kernel-based virtual machine (KVM) support for Red Hat Enterprise Linux (RHEL), addressing market needs for flexibility in virtualization while maintaining fault-tolerant computing. This addition allows organizations to consolidate workloads onto a single platform, reducing costs and simplifying management.

The ftServer family now offers five-nines reliability or more when running multiple virtual machines, enabling OT and IT teams to run critical applications with minimal downtime. The platform includes proactive health monitoring and alerts users of potential issues via the Stratus ActiveService Network (ASN). The KVM support is available for ftServer models 2920, 4920, 6920, and 6910 running RHEL 8.8.

SMART Modular Technologies, a division of SGH (Nasdaq: SGH), has launched a new line of DDR5 Registered DIMMs (RDIMMs) with conformal coating designed for liquid immersion servers. This innovative product combines DDR5 technology with enhanced protection, offering superior performance and reliability for demanding data center environments.

The conformal coating provides three key advantages: protection against corrosion, reduced maintenance requirements, and improved thermal stability. These RDIMMs support up to 256GB per module and are ideal for workloads such as AI, machine learning, high-performance computing, and dense database analytics. The product is immediately available through SMART's global sales network.

SMART Global Holdings (SGH) has announced the pricing of $175.0 million in convertible senior notes due 2030, an increase from the previously announced $150.0 million. The notes will have a 2.00% interest rate, payable semi-annually, and mature on August 15, 2030. The initial conversion rate is 35.7034 ordinary shares per $1,000 principal amount, equivalent to a conversion price of about $28.01 per share.

SGH expects net proceeds of approximately $168.7 million from the offering. The company plans to use about $14.3 million for capped call transactions, $100.6 million to repurchase existing convertible notes, and the remainder to repay certain amounts under its credit facility. The offering is expected to close on or about August 6, 2024.

Cree LED, an SGH company (Nasdaq: SGH), has announced a significant upgrade to its XLamp® XE-G LEDs. The improved LEDs offer a 20% increase in efficiency for RGBW color-mixing systems and a 10% or higher efficiency gain for 13 out of 18 colors. The XE-G LEDs, with their 2.05 x 1.6 mm footprint, feature an industry-leading combination of characteristics, including a large isolated thermal pad, minimal spacing between the LED chip and package edge, ESD protection, and consistent optical source across all colors.

With 18 different color options, including various white variations, the XE-G LEDs provide lighting manufacturers with unparalleled flexibility to customize their products. The upgraded LEDs are optimized for directional lighting applications that benefit from multi-color LED designs, such as indoor directional lighting, architectural lighting, entertainment lighting, and aftermarket automotive lighting.