Definition of "chip"
chip1
/t͡ʃɪp/
noun
plural chips
(electronics) A hybrid device mounted in a substrate, containing electronic circuitry and miniaturised mechanical, chemical and/or biochemical devices.
(New Zealand, northern) A receptacle, usually for strawberries or other fruit.
chip2
/t͡ʃɪp/
verb
third-person singular simple present chips, present participle chipping, simple past and past participle chipped
(UK, transitive, often with "in") To contribute.