Penguin Solutions, Inc. is an artificial intelligence (AI) factory platform company. The Company designs, builds, deploys, and manages next-generation data centers for enterprises, sovereign AI initiatives, and neocloud providers. It operates through three segments, which include Advanced Computing, Integrated Memory, and Optimized LED. The Advanced Computing segment delivers AI infrastructure solutions that help customers design, build, deploy, and manage next-generation AI data centers. The Integrated Memory segment develops and delivers memory and storage solutions that address performance, capacity, and reliability requirements across AI infrastructure, high-performance computing, networking, and enterprise applications. The Optimized LED segment, under its Cree LED brand, offers a portfolio of application-optimized LEDs focused on lumen density, intensity, efficacy, optical control and/or reliability.