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I was looking at my Raspberry Pi and, I found a chip on the back of the board that read "x992" does anybody know what that is?

Large square chip? It's 1 gygabyte ram

Really? I am talking about the rectangular black and, gold chip near the micro Sd card port.

Are you sure it is a chip? There is only one chip on the back side and its RAM chip. The black and gold near sd card is not chip, i think it is self-resetting fuse
Search by the keywords: Raspberry pi b+ fuse