chip chip [tʆɪp] noun
1. also silicon chip [countable] COMPUTING a small electronic device, used in a computer to store information, organize the computer's operating system, run programs etc; = MICROCHIP:
• Each chip can hold 100 times the information contained on a standard magnetic-stripe card.
• Brokers will start bidding for chips in the company as soon as the London market opens.
ˈblue chip [countable usually plural] FINANCE
a share in a well-managed, successful company with a long record of paying profits to shareholders during good and bad economic times:
• Wall Street closed Thursday with blue chips falling and technology stocks managing a slight gain.
ˈred chip [countable usually plural] FINANCE
a share in a Chinese company that is listed on the Hong Kong stockmarket:
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chip UK US /tʃɪp/ noun [C] (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.
Financial and business terms. 2012.