Final answer:
The ASIC and buffer memory are switch components that reduce packet handling time inside the switch.
Step-by-step explanation:
The switch component that reduces the amount of packet handling time inside the switch is the ASIC (Application-Specific Integrated Circuit). ASIC is a specialized hardware that is designed specifically for packet processing. It performs packet forwarding and filtering at a much faster rate compared to general-purpose processors. By offloading the packet handling tasks to ASIC, the switch can achieve high-speed packet switching with minimal delay.
For example, Cisco Nexus switches use custom-built ASICs to handle the packet processing tasks efficiently.
Another switch component that can reduce packet handling time is the buffer memory. Buffer memory stores incoming packets temporarily before they are processed and forwarded. Having sufficient buffer memory allows the switch to handle bursts of traffic without dropping packets or causing delays.