How can I improve the performance of a React application with large state updates?

Example Concept: In React, large state updates can lead to performance bottlenecks if not managed properly. By using memoization techniques like `React.memo` for functional components and `useMemo` or `useCallback` hooks, you can prevent unnecessary re-renders. These tools cache the results of expensive calculations or functions, ensuring components only re-render when their props or dependencies change. Additionally, consider using state management libraries like Redux to handle global state more efficiently, reducing the need for frequent updates to the component tree.