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SMART Global Holdings, Inc. (SGH) is a prominent player in the electronic products industry, specializing in memory and computing technology. The company is renowned for its application-specific product development and unwavering support for customers in various sectors, including enterprise, government, and original equipment manufacturer (OEM) markets.
SGH operates through three primary segments:
- Memory Solutions: Under the SMART Modular brand, this segment delivers high-performance, reliable memory solutions. These are achieved through advanced design, development, and packaging of cutting-edge to extended lifecycle products. SMART Modular focuses on creating custom solutions for its diverse clientele, ensuring robust technical support and value-added testing services throughout the design and manufacturing process.
- Intelligent Platform Solutions (IPS): This segment, encompassing the Penguin Solutions and recently acquired Stratus Technologies brands, provides specialized platform solutions and services for high-performance computing. These offerings cater to complex computing needs, ensuring that clients receive tailored solutions to meet demanding and unique requirements.
- Specialty Compute and Storage Solutions: This arm focuses on delivering cutting-edge storage and hybrid solutions that serve a wide array of markets, including computing, networking, communications, storage, mobile, and industrial sectors.
Having served the electronics industry for over 25 years, SMART Modular continues to innovate by closely collaborating with its global OEM customers. This partnership spans from the initial design stage through to manufacturing and supply, ensuring that the solutions developed are of the highest quality and meet the specific needs of the applications they are designed for.
The company's comprehensive product line includes DRAM, flash, and hybrid memory technologies, available in various form factors. SMART Global Holdings' commitment to innovation and customer-centric solutions has solidified its position as a leader in the specialty memory and storage solutions market.
For the latest updates and news about SMART Global Holdings, Inc., visit their official website or follow news sources regularly reporting on the company.
SGH (NASDAQ: SGH) announced a transition in its CFO role. Ken Rizvi, the current CFO, will leave the company on June 30, 2024, to pursue another opportunity. Jack Pacheco, the COO and former CFO, will serve as interim CFO while SGH searches for a permanent replacement.
CEO Mark Adams thanked Rizvi for his contributions, emphasizing the company's continued focus on growth in the enterprise AI solutions market. The company also reaffirmed its financial guidance for the third quarter of fiscal 2024, initially provided on April 9, 2024.
Cree LED, a subsidiary of SGH, announced the XLamp XFL LED family designed for portable lighting solutions such as flashlights. The brightest model, XFL10K, offers up to 20,000 lumens, significantly outshining automotive high-beam headlights. These LEDs enhance precision, less color variation, and longer throw distances, increasing beam distance by 54% compared to existing LEDs.
Designed for specific lumen targets, the XFL series accelerates the design process for manufacturers, enabling faster market deployments. The family includes three models—XFL05K, XFL08K, and XFL10K—each catering to different lumen applications, with standard color temperature options and high CRI values. Product samples are now available, with production quantities following standard lead times.
SMART Global Holdings, Inc. (NASDAQ: SGH) will host an Analyst Day in New York City on July 16, 2024, offering live and on-demand webcasts for remote viewing. More information to follow.
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