Here is what I think about the question: First 'PRECISION' doesn't mean too much without indicating to 'what amount' of precision you want...to the nearest volt, to the nearest microvolt, to the nearest nanovolt. Normally, the person that said one should start out with something greater than 5 volts to get the regulated 5 volt is basically correct...but, I think that it is not really necessary with additional circuitry...simply a dc to dc coverter to increase this original 5 volts to any dc approprate voltage and you can then regulate a 5 volts to whatever resonable precision you may wish. But you asked if there was 'a' chip that could do this for you. If you are talking about 'a' chip to give you a 5 volts with a precision of + or - 1 volt, you can proboble find one that will do this for you, but I don't think that you are eally asking for this minimum amount of precision. So...my thought on this is you can not design a circuit with one chip that will give you much of a precision as I think you are talking about. I realize that new chips are being designed everyday to do new things. I could give you all kinds of ways to get some type of 'precision' but you didn't ask for this-you asked for a type of 'a' chip...and my ideas would involve more than one chip. So...I don't think you can get there from here...again it all depends on what amount of precision you may be asking about.