hpzipm12.exe is loaded by the Hewlett-Packard PSC 2100, 2200, 4100, and 6100 series printer drivers. They are essential for the smooth running of these devices.
Non-system processes like hpzipm12.exe originate from software you installed on your system. Since most applications store data in your system's registry, it is likely that over time your registry suffers fragmentation and accumulates invalid entries which can affect your PC's performance. It is recommended that you check your registry to identify slowdown issues