Integrated circuits that can store data or can be used to process code.

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There are a few different types of memory chips: volatile (like DRAM, SRAM, SDRAM) or non-volatile (ROM, EPROM, FLASH). Volatile memory loses its stored data when power to the memory chip is turned off. However, it can be faster and less expensive than non-volatile memory. Non-volatile memory ICs have the capability to hold saved data even if power is turned off.