Penguin Solutions Agrees to Sell Cree LED to Transom Capital Group

Penguin Solutions, Inc. (“Penguin Solutions,” “Penguin,” or the “Company”) (NASDAQ:PENG), the AI Factory Platform Company, today announced that it has entered into a definitive agreement to sell its Cree LED business (“Cree LED”) to Transom Capital Group (“Transom”), a leading operations-focused mi…