Cree LED and Blizzard Lighting Reach Patent Settlement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
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Cree LED and Blizzard Lighting have reached a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED's patents related to LED components commonly used in LED displays. As part of the settlement, Cree LED has granted Blizzard a limited license to certain Cree LED patents covering LED components.
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Analyst Views on PENG
Wall Street analysts forecast PENG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PENG is 26.00 USD with a low forecast of 23.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 19.720
Low
23.00
Averages
26.00
High
30.00
Current: 19.720
Low
23.00
Averages
26.00
High
30.00
About PENG
Penguin Solutions, Inc. is an end-to-end technology company. The Company’s Advanced Computing segment, under its Penguin Computing and Stratus brands, offers specialized platform solutions and services for artificial intelligence, high-performance computing, machine learning, advanced modeling and the Internet of things that span the continuum of edge, core and cloud. Its Integrated Memory segment, under its SMART Modular Technologies brand, provides high-performance and reliable integrated memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. Its Optimized LED segment, under its Cree LED brand, offers a broad portfolio of application-optimized LEDs focused on improving lumen density, intensity, efficacy, optical control and/or reliability. The Company’s LED products enable its customers to develop and market LED-based products for general lighting, video displays and specialty lighting applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cree LED Settles Patent Dispute with Blizzard Lighting, Secures IP Rights
- Patent Settlement: Cree LED and Blizzard Lighting have reached a settlement to resolve a patent infringement dispute involving Cree LED's patents on LED components, ensuring mutual benefits and reducing potential legal risks.
- Limited License Granted: As part of the settlement, Cree LED has granted Blizzard a limited license to certain LED component patents, which not only allows Blizzard to legally utilize the technology but also fosters a collaborative relationship between the two companies.
- Commitment to IP Protection: Cree LED reaffirms its strong commitment to protecting intellectual property by actively monitoring the global market to prevent unauthorized use of its patented technologies, thereby maintaining its leadership in LED display technology.
- Industry Leadership: With over 35 years of innovation, Cree LED offers industry-leading technology and solutions in high power and mid-power lighting, horticulture, specialty lighting, and video screens, ensuring supply chain continuity and product quality.
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Penguin Solutions' CXL NV-CMM E3.S 2T Memory Module Achieves Compliance Testing
- Compliance Success: Penguin Solutions' SMART CXL NV-CMM E3.S 2T non-volatile memory module has successfully passed CXL compliance testing, reinforcing the company's leadership in advanced memory technology and enhancing customer trust in its products.
- System Acceleration: Utilizing the CXL 2.0 standard, the module offers low latency and high bandwidth persistent storage, optimized for accelerating AI and machine learning workloads, thereby improving model training efficiency and accuracy to meet data center high-performance computing demands.
- Data Center Applications: The SMART CXL NV-CMM E3.S 2T module is specifically designed for data centers, supporting computational storage and network acceleration, ensuring efficient data processing and storage, further solidifying Penguin Solutions' competitive edge in the high-performance computing market.
- Long-term Commitment: VP Andy Mills stated that the success of this compliance testing underscores Penguin Solutions' commitment to delivering high-quality, interoperable memory solutions that meet the evolving needs of customers and drive advancements in integrated memory technology.
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