40nm PHY cuts validation, dev't costs in HDDs

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 does HDD stand for?
Hard disk drive (or hard drive) is the primary computer storage device. It stores digitally-encoded data on rapidly rotating platters with magnetic surfaces. These days, HDD usage goes beyond the computer with its application expanding into products such as digital video recorders, video game consoles, even mobile phones.