Penguin Solutions Sells Remaining Stake in Zilia Technologies

By Chris Stiles • Wednesday, April 01 11:56 • Permanent Link

Penguin Solutions completed the sale of its remaining 19% stake in Zilia Technologies for $46.08 million on March 30, 2026, ending its ownership in the Brazilian memory module business.

The company had already sold 81% of its interest in Zilia in November 2023. With this latest transaction, Penguin Solutions no longer holds any interest in the business. Zilia assembles and tests commodity memory modules used by electronics manufacturers selling into the Brazilian consumer market. As a result of these announcements, the company's shares have moved -4.23% on the market, and are now trading at a price of $17.66. For the full picture, make sure to review Penguin Solutions's 8-K report.

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