Physical IP libraries deliver energy-efficient MCUs

What does IP stand for?
(1) Internet Protocol is a basic communication language or protocol widely used in the Internet or a private network. It is a data-oriented protocol used for communicating data across a packet-switched internetwork. (2) Intellectual Property. A product of the intellect that has commercial value, including copyrighted property (literary or artistic works) and ideational property (patents, appellations of origin, business methods and industrial processes).

What is a microcontroller?
A microcontroller or MCU is a computer-on-a-chip. It is a type of microprocessor dedicated to execute one task (as opposed to general purpose microprocessor), embedded in another device to control the features of that device thus, the name 'embedded controller'.