Use SKIP-FAIL technique, but match as a whole word:
(?:<[^<>]*>|&\w+;)(*SKIP)(*F)|\bmicro\b
See proof
Explanation
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  (?:                      group, but do not capture:
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    <                        '<'
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    [^<>]*                   any character except: '<', '>' (0 or
                             more times (matching the most amount
                             possible))
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    >                        '>'
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   |                        OR
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    &                        '&'
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    \w+                      word characters (a-z, A-Z, 0-9, _) (1 or
                             more times (matching the most amount
                             possible))
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    ;                        ';'
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  )                        end of grouping
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  (*SKIP)(*F)              Skip the match and go on matching from current location
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 |                        OR
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  \b                       the boundary between a word char (\w) and
                           something that is not a word char
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  micro                    'micro'
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  \b                       the boundary between a word char (\w) and
                           something that is not a word char