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English definition of “chip”

chip

noun [C]
 
 
/tʃɪp/ (also microchip, also silicon chip) IT
a very small piece of electronic equipment that is used in computers and other electronic equipment for performing many tasks: The company's chips are designed to deliver low power consumption and high performance, and are intended for mobile devices. Today you can put over a hundred million transistors on a tiny little computer chip. As prices for memory chips fell in recent months, the computer maker slashed prices on its products. → See also bargaining chip, blue chip noun, red chip
(Definition of chip from the Cambridge Business English Dictionary © Cambridge University Press)
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