How do you memoize a component?

import moize from 'moize';
import Component from './components/Component'; // this module exports a non-memoized component

const MemoizedFoo = moize.react(Component);

const Consumer = () => {
  <div>
    {'I will memoize the following entry:'}
    <MemoizedFoo />
  </div>;
};

const MemoComponent = React.memo(function MemoComponent(props) {
  /* render using props */
});
OR;
export default React.memo(MyFunctionComponent);