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During its performance briefing, Huahong (Group) Co., Ltd. revealed that its memory business is centered around NOR FLASH, a specialized segment within the broader flash memory market. The third quarter witnessed robust performance in the company's flash memory operations, with the overall NOR FLASH market also displaying consistent growth. Significantly, Huahong (Group) Co., Ltd.'s growth rate in the third quarter outpaced that of the entire market, a trend likely attributable to its internal development efforts. Presently, the company's 55nm NOR FLASH has been in volume production for several quarters, and its 55nm MCU (Microcontroller Unit) is also being mass-produced. Furthermore, the company has outlined plans to introduce 40nm products within the next one to two years, a move anticipated to inject fresh growth momentum into the enterprise.
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