SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets. The company is headquartered in Newark California, California and currently employs 3,600 full-time employees. The company went IPO on 2017-05-24. The firm operates through three segments: Memory Solutions, Intelligent Platform Solutions (IPS) and LED Solutions. Its Memory Solutions, under its SMART Modular brand provides memory solutions through the design, development, and advanced packaging of extended lifecycle products. Its IPS group, under its Penguin Solutions brand, consists of two product lines, including Penguin Computing and Penguin Edge. Penguin Computing offers specialized platform solutions for computing, artificial intelligence, and machine learning. Penguin Edge offers solutions for embedded and wireless applications specializing in products for a range of customers in government, telecommunications, and health care. Its LED Solutions group, under its Cree LED brand, offers a range of portfolio of application-optimized LEDs.