Penguin Solutions Investor Relations Material

SMART Global Holdings, Inc., through its operating subsidiary SFS, specializes in the design and manufacture of custom advanced high performance memory subsystems. SFS leverages proprietary technology, manufacturing expertise and global operations to develop systems that meet customers’ needs in terms of performance, power, size and cost. Its vertically integrated business model enables the Company to provide complete high-performance computing solutions to the consumer electronics, enterprise server and networking, transportation, aerospace and defense markets. SMART Global Holdings, Inc. was founded in 1988 and is headquartered in Newark, California.