chipchip /tʃɪp/ noun1 (also silicon chip) [countableC]COMPUTING a small electronic device, used in a computer to store information, organize the computer’s operating system, run programs etcSYN MICROCHIPEach chip can hold 100 times the information contained on a standard magnetic-stripe card.
2FINANCE informal a share in a companyBrokers will start bidding for chips in the company as soon as the London market opens.
→ blue chip → red chip → see also bargaining chip