Final answer:
There are two types of firmware: utility software and application software.
Step-by-step explanation:
True/false: There are two types of firmware, or software built into chips: utility software and application software.
This statement is true. Firmware is a type of software that is permanently stored in a hardware device.
Utility software is firmware that provides essential functions to the hardware device, such as managing memory or controlling input/output operations.
Application software, on the other hand, is firmware that is specific to a particular task or program on the device, such as a video game or word processing application.
Overall, firmware plays a crucial role in the functioning of chips, providing both utility and application software.