- chip chip [tʆɪp] noun1. 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.2. FINANCE informal a share in a company:
• Brokers will start bidding for chips in the company as soon as the London market opens.ˈblue chip [countable usually plural] FINANCEa 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] FINANCEa share in a Chinese company that is listed on the Hong Kong stockmarket:
• Hong Kong made strong gains in response to a surge in red chips.— see also bargaining chip
* * *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.