memory space in microprocessor means cache ,it is the part of the microprocessor which contains the memory to store instructions which are used to perform different functions by the processor. where cache1 is referred to memory in microprocessor and cache2 is placed on motherboard which also contains memory to store instructions.
Memory space can also mean the total size of virtual memory that a CPU can address, and the layout (flat or segmented) of this space.
Most modern CPUs found in PCs (AMD and Intel x86_64 chips) are 64-bit CPUs, but, due to cost and practical use considerations, limit their virtual memory space to be 48-bits (or less).
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No processor not have own memory
it connect to external memory
Micro controller has its own memory