To determine which statements about VLSI design are correct, let's analyze each one:
Parallelism and pipelining have been effective ways to reduce power consumption.
Replacing a single functional unit with an N-stage pipelined unit reduces the amount of logic in a clock cycle at the expense of more registers.
When leakage is unimportant, parallelism offers a slight edge because the multiplexer has less overhead than the pipeline registers.
Based on the analysis:
Therefore, the correct answer is: (b) 2 and 3 only
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