Hardware IP from Renesas boasts low-delay processing

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 codec?
Codec can stand for enCOder/DECoder or COmpressor/DECompressor. It can be a hardware circuit that performs analog-to-digital conversion and digital-to-analog conversion. It can also refer to any SW or HW that compresses and decompresses audio and video data streams.