Answer Description

The chipset manages the flow of data between the core components of the motherboard, such as memory, processor, and other peripherals.

Wikipedia

In a computer system, a chipset is a set of electronic components on one or more ULSI integrated circuits known as a "Data Flow Management System" that manages the data flow between the processor, memory and peripherals. It is usually found on the motherboard of computers. Chipsets are usually designed to work with a specific family of microprocessors. Because it controls communications between the processor and external devices, the chipset plays a crucial role in determining system performance.