whether to Integrate IP into chip would save power ?

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ys82

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I want to kown whether integrate off-chip memory and other peripherals into chip would save power ? If yes, why do this can save power ?
 

Transactions to the external memory are the largest contributors (Memory IO and internal bus dynamic power) to the system power consumption. Reducing external memory transactions – by improving cache size, scratchpad and on-chip SRAM.

In embedded system design, the designer has to choose an on-chip memory size that is suitable for a specific application.
 

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