At its Nasdaq MarketSite Analyst Day event, SMART Global Holdings, Inc. (SGH) announced its intention to become Penguin Solutions, Inc. This rebranding is a continuation of the company’s transformation over the past several years and reflects its focus on delivering edge solutions that are focused on solving the complexity of AI. The new Penguin Solutions is positioning itself as a specialist in providing end-to-end AI infrastructure solutions.

With over 25 years of high-performance computing experience and more than 75,000 GPUs deployed and managed to date, Penguin Solutions has been a strategic partner for enterprises looking to leverage the power of AI. SGH’s decision to adopt the Penguin Solutions name across its brands builds on this reputation and marks the start of a new era for the firm.
SGH is expected to complete its transition to Penguin Solutions later this year subject to shareholder approval. The Cree LED brand, also a business unit of SGH, will remain unchanged and will continue to do business as Cree LED.
Other SGH brands include Penguin Solutions, Stratus Technologies, and SMART Modular Technologies.