"A number of integrated circuits designed to perform one or more related functions. For example, one chipset may provide the basic functions of a modem while another provides the CPU functions for a computer. Newer chipsets generally include functions provided by two or more older chipsets. In some cases, older chipsets that required two or more physical chips can be replaced with a chipset on one chip."
I often forget a lot of terms and definitions that I learned before... especially in the IT world... this one was "Chipset". I knew what it was, generally speaking, but with the latest news of AMD buying ATI (yes, this is important for you too), I wanted to know exaclty what was going on.
I actually think this could be a bad thing for AMD, as an annoyed NVidea could end up moving to the Intel side of life. If NVidea wanted to punish AMD for buying and therefore teaming up with their competitor, all they had to do would be to make a minor change in their Chipset configurations, and BAM! AMD would suffer major setbacks (yes, you do find this interesting!!!)