A single chip protocol converter integrated circuit (IC) capable of receiving packets generating according to a first protocol type and processing said packets to implement protocol conversion and generating converted packets of a second protocol type for output thereof, the process of protocol conversion being performed entirely within the single integrated circuit chip. The single chip protocol converter can be further implemented as a macro core in a system-on-chip (SoC) implementation, wherein the process of protocol conversion is contained within a SoC protocol conversion macro core without requiring the processing resources of a host system. Packet conversion may additionally entail converting packets generated according to a first protocol version level and processing the said packets to implement protocol conversion for generating converted packets according to a second protocol version level, but within the same protocol family type. The single chip protocol converter integrated circuit and SoC protocol conversion macro implementation include multiprocessing capability including processor devices that are configurable to adapt and modify the operating functionality of the chip.