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NOR Flash Market to Grow by USD 1.67 Billion from 2024-2028, Driven by Rising Demand for High-Performance Electronics and AI Impact on Market Trends- Technavio

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NEW YORK, Sept. 11, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global nor flash market size is estimated to grow by USD 1.67 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.06% during the forecast period. Increasing demand for high-performance electronics is driving market growth, with a trend towards increasing focus of vendors on new product launches. However, environmental regulations and standards for electronic waste disposal poses a challenge. Key market players include Amkor Technology Inc., Broadcom Inc., Elite Semiconductor Microelectronics Technology Inc., Fujitsu Ltd., Giantec Semiconductor Corp., GigaDevice Semiconductor Inc, Infineon Technologies AG, Integrated Silicon Solution Inc., Intel Corp., LAPIS Semiconductor Co. Ltd., Macronix International Co. Ltd., Micron Technology Inc., Nordic Semiconductor ASA, Rochester Electronics LLC, Samsung Electronics Co. Ltd., Seagate Technology LLC, Semiconductor Manufacturing International Corp., Texas Instruments Inc., Toshiba Corp., Winbond Electronics Corp., Wuhan Xinxin Semiconductor Manufacturing Co., Ltd., and XTX Technology Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Nor Flash Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.06%

Market growth 2024-2028

USD 1675.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.86

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 60%

Key countries

China, US, and Taiwan

Key companies profiled

Amkor Technology Inc., Broadcom Inc., Elite Semiconductor Microelectronics Technology Inc., Fujitsu Ltd., Giantec Semiconductor Corp., GigaDevice Semiconductor Inc, Infineon Technologies AG, Integrated Silicon Solution Inc., Intel Corp., LAPIS Semiconductor Co. Ltd., Macronix International Co. Ltd., Micron Technology Inc., Nordic Semiconductor ASA, Rochester Electronics LLC, Samsung Electronics Co. Ltd., Seagate Technology LLC, Semiconductor Manufacturing International Corp., Texas Instruments Inc., Toshiba Corp., Winbond Electronics Corp., Wuhan Xinxin Semiconductor Manufacturing Co., Ltd., and XTX Technology Inc.

Market Driver

The NOR flash market is witnessing a significant trend towards new product launches as vendors aim to stay competitive and cater to the evolving requirements of various applications. Notable examples include Winbond’s introduction of the 8Mb 3V NOR W25Q80RV, a high-performance, small-form-factor serial flash device designed for connected edge devices in industrial and consumer applications. This new device, produced using advanced 58nm technology, is smaller and more efficient than its predecessor. Infineon also recently launched the SEMPER X1 LPDDR Flash, the first LPDDR Flash memory for next-generation automotive E/E architectures, offering enhanced safety, architectural flexibility, and performance. Both these innovative NOR flash solutions address the needs of modern electronics, providing high-speed data access, security, and temperature resilience. The focus on advanced NOR flash memory products will continue to fuel the growth of the global NOR flash market during the forecast period. 

The Nor Flash market is experiencing significant growth, particularly in consumer electronics sectors like smartphones and smart TVs. Shipment volume for flash memory in consumer technology is on the rise, driven by increasing demand for 5G smartphones and the expansion of 5G network connectivity. However, economic decline and inflation are causing consumer spending to decrease, leading to inventory issues for manufacturers. Key players in the semiconductor industry, such as Micron Technology, are investing in new fabrication facilities to meet the growing demand for memory chips. The market for flash memory is also expanding into new areas like electric vehicles, data centers, and the Internet of Things. Low-power memory and high-density storage are becoming essential for powering smart home devices, wearables, and medical devices. The memory hierarchy is evolving, with a focus on hardware security, neuromorphic computing, and low-power memory. Write cycle and data retention are critical factors in the development of flash memory technology. The semiconductor industry is also exploring new applications for flash memory, such as embedded code storage and smart driving systems. Overall, the Nor Flash market is poised for continued growth in the coming years.

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Market Challenges

The NOR flash market faces substantial challenges due to environmental and regulatory compliance. Manufacturers must adhere to stringent regulations, such as RoHS and WEEE, which restrict the use of hazardous materials and mandate proper disposal and recycling of electronic waste. Compliance involves significant costs and ongoing vigilance to keep up with evolving regulations. Semiconductor producers may need to invest in cleaner production technologies and stricter waste management practices. These requirements can hamper operational efficiency and market growth for NOR flash memory producers during the forecast period.The Nor Flash market is experiencing significant growth due to increasing demands from various industries. Electric vehicles and consumer technology are major drivers, with the need for larger data storage in EV batteries and advanced features in mobile phones. The rise of 5G mobile subscriptions and Internet of Things (IoT) devices also boosts the demand for Nor Flash memory. In the semiconductor industry, memory chips for high-end electronic devices, energy vehicles, and BEVs require Nor Flash for smart driving systems, embedded code storage, and data retention. Additionally, medical devices, remote monitoring, wearables, and smart technologies rely on Nor Flash for power efficiency and scalability. Cypress Semiconductor, Winbond Electronics, and Dialog Semiconductor are key players in this market, focusing on low-power memory, memory hierarchy, hardware security, and neuromorphic computing. Challenges include improving storage density, scalability, latency, write cycle, and data retention for various applications.

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Segment Overview

This nor flash market report extensively covers market segmentation by

Type 1.1 Serial NOR flash1.2 Parallel NOR flashEnd-user 2.1 Consumer electronics2.2 Communication2.3 Automotive2.4 Industrial2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Serial NOR flash- The Nor Flash Market refers to the business sector dedicated to the production and sale of NOR (Negative OR) flash memory. NOR flash is a type of read-only memory with a simple architecture, making it ideal for various applications such as firmware, boot loaders, and data logging. Companies in this market manufacture and distribute NOR flash memory chips and solutions to various industries, including automotive, consumer electronics, and industrial automation. These businesses collaborate with customers to provide customized solutions and ensure product compatibility and reliability.

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Research Analysis

The Nor Flash Market is experiencing significant growth, driven by the increasing demand for flash memory in various sectors. Shipment volume is on the rise, fueled by automotive applications, consumer electronics, and the proliferation of smart devices such as smartphones, Smart TVs, and smart home systems. The demand for 5G smartphones and 5G network connectivity is also boosting the market, as is the need for data centers and data storage solutions. However, economic decline and inflation can impact consumer spending, leading to inventory issues and potential price pressures. Companies in the market include Micron Technology, which recently announced plans to expand its fabrication facility for memory and embedded code storage. Other applications, such as medical devices and wearables, are also contributing to the market’s growth. Overall, the Nor Flash Market is expected to continue its upward trajectory, driven by the increasing use of flash memory in various industries.

Market Research Overview

The Nor Flash market is experiencing significant growth in shipment volume, driven by the increasing demand for consumer electronics, particularly smartphones and smart TVs. The market is also being fueled by the adoption of smart home technologies and the rollout of 5G network connectivity. Economic decline and inflation have caused some inventory issues, but the demand for high-end electronic devices, including 5G smartphones, continues to rise. The semiconductor industry is at the forefront of this trend, with companies investing in fabrication facilities to produce memory chips for various applications. The market also extends to data centers, electric vehicles, and various consumer technologies such as mobile phone subscriptions, 5G mobile subscriptions, Internet of Things, and medical devices. The focus on power efficiency, low-power memory, and scalability are key considerations in the development of flash memory, which is essential for data storage, embedded code storage, and hardware security. Companies like Micron Technology, Winbond Electronics, and Dialog Semiconductor are leading the way in this dynamic and evolving market. Neuromorphic computing, memory hierarchy, hardware security, and data retention are also important areas of research and development.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeSerial NOR FlashParallel NOR FlashEnd-userConsumer ElectronicsCommunicationAutomotiveIndustrialOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Northern Hemisphere Heat Drives Demand for Cooling and Sun-Protection Products on Yiwugo

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YIWU, China, July 24, 2026 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. The final whistle may have blown on the World Cup, but the intense heat gripping the Northern Hemisphere shows no sign of letting up. Europe has experienced unusually hot weather this year, sparking not only a surge in demand for air conditioners but also a boom in portable handheld fans. Merchants on Yiwugo say that in previous years, European customers would begin placing orders in March or April and take their time completing their annual procurement. This year, however, the purchasing season has stretched well into summer, with a flood of new buyers coming in, most of them looking for small handheld fans. With customers eager to capitalize on the peak summer season, delivery timelines have also become significantly tighter. Whereas orders in previous years could generally be fulfilled within a month, merchants are now frequently being asked to deliver within about a week, leaving manufacturers scrambling to keep pace with demand.

Lingpan Official Flagship Store has specialized in the production and sales of small fans, insulated cups, and related products for 15 years. This summer, demand from European customers for high-speed small fans has risen sharply, accompanied by urgent delivery requirements. Many customers began requesting shipment just one week after placing their orders, hoping the products would arrive in time for the World Cup and the ongoing heatwave across Europe. One long-standing European customer purchased only five models of small fans from Lingpan last year. Anticipating stronger demand ahead of this summer, the customer expanded the order to 10 models. The first shipment sold out soon after arriving at port, prompting several subsequent repeat orders. European buyers have shown particular interest in high-speed cooling fans and placed great requirements on product quality. So far this year, Lingpan’s fan sales have more than doubled compared with the same period last year, with total purchases reaching approximately RMB 1 million.

Beyond Europe, the owner of Lingpan, Ling Pan pointed out that the Indian market has also undergone significant changes over the past two years. Indian customers are showing great interest in panda-shaped fans, drinking cups, and related products. Procurement volumes among many Indian buyers have increased substantially, with average annual purchases now reaching several hundred thousand yuan.

Unlike European countries grappling with sudden heat waves, Asian markets such as Japan and South Korea, where summers are consistently hot and air conditioners and fans are already everyday essentials, have shown much stronger demand for sun-protection products. From April 1, 2026 to date, sales of sun-protection masks on Yiwugo have increased by 31.6% YoY, while sales of sun-protection face shields surged by 72.42% and sun hats rose by 8.1%.

Chen Jia, a Yiwugo merchant, has engaged in the production and sales of sun-protection masks and sun-protection face shields for eight years. Chen operates the Xiao Zhen and Xiao Mian Sun-Protection Products Workshop in District 4 of the Yiwu International Trade Market. In recent years, the company has customized cooling nylon fabrics for customers in Japan and South Korea. Sun-protection masks and sun-protection face shields made from this material not only offer UPF 50+ protection, but also maintain a more structured shape and are less susceptible to snagging or deformation. Their protective performance remains effective after routine washing, and the products can last for more than five years under normal use.

In 2024, a TV shopping operator from South Korea contacted Xiao Zheng and Xiao Mian through Yiwugo and began placing orders after inspecting the products in person. Over the following two years, the company continued to improve the fitness and design of its sun-protection products. It introduced sun-protection face shields with breathable mesh panels and incorporated soft supports around the nose area to prevent the masks from rubbing against lipstick. These product upgrades have steadily driven up customer ratings on the client’s store. Annual procurement, initially valued at around RMB 300,000, has risen year by year, and the company has since developed into a recognized brand in the local market.

Persistent heat across the Northern Hemisphere has been creating new forms of cross-border consumer demand while enabling Yiwugo merchants to keenly capture shifts in overseas markets. From the strong sales of small portable fans in Europe to the rising demand for functional sun-protection products in Japan and South Korea, the diversity of orders reflects both consumers’ need for relief from extreme heat and the ability of Yiwu manufacturers to strengthen their presence in global markets through product innovation and rapid fulfillment. Faced with a rapidly changing international market, many merchants are continuing to refine product designs, upgrade fabric techniques, and enhance supply efficiency. By leveraging Yiwugo to broaden their export channels, they are keeping pace with overseas consumption trends and capitalizing on the expanding market for cooling and sun-protection products, turning the summer heat into new momentum for cross-border trade.

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SOURCE Yiwugo.com

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Snorkel AI Highlights First Wave of Open Benchmarks Grants Projects

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SAN FRANCISCO, July 24, 2026 /PRNewswire/ — Snorkel AI today highlighted the first group of projects supported through Open Benchmarks Grants, a $3 million commitment to support open-source datasets, benchmarks, and evaluation research.

Launched in February 2026, Open Benchmarks Grants has received hundreds of applications from researchers, labs, and engineers working to address a growing challenge: AI systems are advancing faster than the field’s ability to rigorously measure their performance on realistic, consequential work.

“From complex environments and huge autonomy horizons to rich, sophisticated outputs, these projects tackle some of the field’s hardest evaluation challenges,” said Fred Sala, a member of the Open Benchmarks Grants steering committee and assistant professor at the University of Wisconsin–Madison. “I’m excited to see the broader research community use, validate, and build on them.”

Open Benchmarks Grants provides selected teams with funding, expert data development support, research and engineering collaboration, and platform resources. Supported projects include:

Frontier-Bench (formerly Terminal-Bench 3.0), developed with Laude Institute and the Harbor community, is a harder, more domain-diverse successor to Terminal-Bench 2.1 — built in the open, task by task, under continuous adversarial review.Agents’ Last Exam, developed with UC Berkeley RDI and the RDI Foundation, evaluates agents on long-horizon, economically valuable professional workflows. It spans 55 sub-industries and includes more than 1,500 tasks toward a 5,000-task target, sourced and validated by more than 300 industry experts.OSWorld 2.0, developed with XLANG Lab, evaluates computer-use agents on 108 long-horizon workflows across 31 self-hosted web environments and professional desktop applications.Continual Learning Bench, developed with UC Berkeley SkyLab and the University of Wisconsin–Madison, measures whether agents genuinely improve across sequential, stateful tasks.SlopCode Bench, developed with the University of Wisconsin–Madison, measures how code quality degrades as coding agents repeatedly modify and extend their own solutions.Terminal-Bench 2.1, developed with Stanford University, Laude Institute and the Harbor community, evaluates agents on challenging work in terminal environments. The release corrected 28 tasks and introduced continuous validation.

With support from Open Benchmarks Grants, Terminal-Bench Science is also now in development, extending the Terminal-Bench framework to computational research workflows across the life, physical, earth, and mathematical sciences.

Beyond the grants program, Snorkel led the development of Senior SWE-Bench with the research teams at Princeton University and the University of Wisconsin–Madison. The benchmark evaluates coding agents on senior-level engineering work, including implementing features from realistic instructions, investigating bugs that require runtime analysis, and producing code that follows existing codebase conventions.

Open Benchmarks Grants was established with support from Hugging Face, Prime Intellect, Together AI, Factory, Harbor, and PyTorch. Applications remain open and are reviewed on a rolling basis.

Learn more and apply for a grant at benchmarks.snorkel.ai.

About Snorkel AI
Snorkel AI is the frontier AI data lab, helping teams build the data and environments behind high-performing frontier and agentic AI. We combine technology with research-driven AI data development to create datasets, benchmarks, evals, and custom solutions for real-world AI systems. Founded out of the Stanford AI Lab in 2019, Snorkel works with leading AI labs and enterprises to move from better data to better outcomes. 

media@snorkel.ai

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Payzli Vaults to No. 3 on Tampa Bay’s Fast 50, Up From No. 22 in One Year

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Payments technology company, Payzli earns a second consecutive Fast 50 ranking, crediting the climb to accelerating partner and merchant growth on its proprietary technology stack.

TAMPA, Fla., July 24, 2026 /PRNewswire/ — Payzli, the partner-first payments technology company, has been named the No. 3 fastest-growing company in the region on the Tampa Bay Business Journal’s 2026 Fast 50 – a 19-spot climb from its No. 22 debut last year, and the company’s second consecutive year on the list.

The ranking was announced July 23 at the Tampa Bay Business Journal’s Fast 50 event in Tampa, where Co-Founder and Chief Revenue Officer Naim Hamdar accepted the award alongside members of the Payzli team.

Payzli attributed its growth to a compounding effect: a national network of ISOs, agents and ISVs bringing merchants onto a technology platform Payzli built and operated in-house. 

That platform rests on three proprietary pillars:

Payzli Connect: the company’s payment CRM and merchant-and-partner dashboard, giving agents and ISOs daily residuals visibility and giving merchants a single place to run their account.Payzli POS: AI-powered point-of-sale and business software purpose-built for service businesses, including salons, med spas, wellness studios, and independent operators.Payzli Transact: an online payment gateway built on Visa Platform Connect through Payzli’s partnership with Visa Acceptance Solutions.

The Visa Acceptance Solutions partnership is central to how Payzli frames its credibility: rather than assembling a growth story on top of borrowed infrastructure, the company processes on rails backed by one of the most established networks in the industry alongside Fiserv and TSYS – a point that matters to the partners and merchants deciding where to place their volume.

“A second year on this list, and a jump to No. 3, isn’t about one good quarter. It’s about a network deciding to build with us and stay,” said Naim Hamdar, Co-Founder and Chief Revenue Officer of Payzli. “Every rank on this list represents partners we’ve earned and merchants who trust us to run their payments. We built the technology in-house so we could keep the promises the industry usually breaks: nothing hidden, a real person in reach, and daily residual visibility our agents can actually count on. That’s what this ranking measures and it’s why we’re doing it all, for the joy of business.”

“They say nothing in Tampa moves fast except the afternoon thunderstorms, so making the Fast 50 two years running feels pretty good,” said Kapil Pershad, Co-Founder and Chief Technology Officer of Payzli. “In all seriousness, this is a credit to our team and the businesses that trust us to power their growth.”

The Fast 50, produced by the Tampa Bay Business Journal, recognizes the fastest-growing private companies in the Tampa Bay region. Payzli’s return to the list and its move into the top three reflects a merchant-first product suite and a rapidly expanding national partner network across the payments and embedded-finance landscape.

About Payzli

Payzli is an end-to-end payments technology partner that makes accepting payments simpler and affordable for businesses of all sizes and risk levels. Founded in 2020 and headquartered in Tampa, Florida, Payzli brings together in-person processing, an advanced online gateway, AI-powered point of sale, and mobile and contactless payments – backed by its own technology, honest pricing, and dedicated human support. Built partner-first, Payzli equips ISOs, agents, developers, and independent software vendors to grow, with direct integrations to major processing platforms, in-house underwriting, a flexible credit policy, a Visa Acceptance Solutions foundation partnership, and sponsor-bank backing from Esquire Bank, a NASDAQ-listed strategic investor in Payzli. For more information, email partners@payzli.com or visit payzli.com.

Payzli is a registered trademark of United Payment Systems LLC. United Payment Systems LLC is a registered ISO of Esquire Bank (Jericho, NY), Commercial Bank of California (Irvine, CA), and KeyBank, National Association (Cleveland, OH).

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