Meaning of “chip” - Learner’s Dictionary

chip

noun [ C ] uk us /tʃɪp/
POTATO UK (US French fry)

A1 a long, thin piece of potato that is cooked in oil:

IN BAG US (UK crisp)

a very thin, dry, fried slice of potato:

[ usually plural ] barbecue-flavoured potato chips
COMPUTER

B2 a microchip (= very small part of a computer that stores information)

SMALL PIECE

a small piece that has broken off something:

wood chips
HOLE

a place where a small piece has broken off something:

This cup has a chip in it.

(Definition of “chip noun” from the Cambridge Learner’s Dictionary © Cambridge University Press)