SGH News and Press, SMART Global Holdings Inc. From 03/31/23

2023-03-31 15:00:41 ET Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calenda...

Delivering PCIe Gen 4.0 compatibility, SMART’s new T6CN family of SSDs offers high-performance, cost-competitive solutions for defense, industrial and telecommunications applications SMART Modular Technologies, Inc . (“SMART”), a division of SGH ( Nasdaq: ...

Cree LED , an SGH company (Nasdaq: SGH ), announced today the release of its J Series ® 5050C E Class LEDs with the industry’s highest efficacy for high power LEDs: 228 lumens per watt (LPW) typical at 4000K, 70 CRI and 1W. The new J Series LEDs deliver up to three times...

Summary SMART Global has a legacy side of the business, its memory solution business. This isn't growing much. And is somewhat less interesting. What is very interesting is SGH's AI opportunity within its IPS segment. This GAAP profitable business offers investors a compelling risk-...

Cree LED, Inc. (“Cree LED”) , an SGH company (Nasdaq: SGH ), today announces the availability of three surface mount diode (SMD) LEDs optimized for large-format, high-resolution video screen applications. These new LEDs provide enhanced performance for all types of large-f...

Stratus and customer Streamline Innovations to present emission-reducing Oil & Gas solution running AI-powered predictive maintenance and remote operation on Stratus ztC® Edge platform Stratus Technologies, Inc. (“Stratus”) , an SGH (Nasdaq: SGH ) comp...

SMART Global ( NASDAQ: SGH ) on Thursday entered into exchange agreements with institutional buyers and accredited investors to exchange an aggregate principal amount of $150M of its 2.25% convertible senior notes due 2026 for 2% convertible senior notes due 2029. The company will...

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQ: SGH) today announced that it has entered into separate, privately negotiated exchange agreements (the “Exchange Agreements”) with a limited number of holders, who are qualified institutional bu...

Cree LED , an SGH company (Nasdaq: SGH ), announced today the release of XLamp® Pro9™ LEDs , delivering up to 15% higher efficacy for 90 and 95 color rendering index (CRI) LEDs without sacrificing color rendering quality. With this performance improvement, Pro9 versions ...

Summary SMART Global's IPS business is growing at nearly 80% YOY and demand remains strong for AI and HPC applications in 2023. The LED business has experienced weakness due to China's Covid lockdowns and reduced global demand. Memory solutions have suffered from global pricing pres...