Literally it is Framework Neutral Components. When you install FNC components, they are available for VCL and FMX. Both frameworks are covered under the same license.
It is all Delphi code, so not really any baggage. In the source code it is a series of IfDef that adjusts for VCL or FMX.
Likely the FNC version is a port of the vcl only component https://www.tmssoftware.com/site/diagram.asp
FNC tends to be lighter on features, cheaper on the license. VCL and FNC are both actively developed at TMS.
The idea is that you learn the component properties, which are the same across VCL, FMX, lazarus and Web, and the component works the same regardless of the framework.