DURHAM, N.C., January 20, 2026--(BUSINESS WIRE)--Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Blizzard Lighting LLC (‘Blizzard’) today announced that they have reached a mutually beneficial ...

STURTEVANT — On March 15, in a bombshell announcement, Cree reported that it had sold off its entire lighting business for $310 million, a business that employs about 1,000 people here.