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SMART Global Holdings Acquires Penguin Computing for $85 Million

Today SMART Global Holdings, Inc. announced that it has acquired HPC vendor Penguin Computing. “Penguin will continue as a standalone operation being the first part of a new business unit, SMART Specialty Compute & Storage Solutions (SCSS), which will benefit from shared infrastructure and the ability to leverage the products and capabilities of SMART’s Specialty Memory business unit into the emerging AI and ML markets.”