Chip

[Monty]

Technically speaking, a computer chip is a piece of silicon with an electronic circuit embedded in it. However, the word chip is often used as a slang term that refers to various components inside a computer. It typically describes an integrated circuit, or IC, such as a central processor or a graphics chip, but may also refer to other components such as a memory module.
While chip is a somewhat ambiguous term, it should not be confused with the term card. For example, a laptop might have a graphics chip embedded in the motherboard, while a desktop computer may contain a graphics card connected to a PCI or AGP slot. A graphics card may contain a chip, but the chip cannot contain a card. Similarly, a CPU may contain a chip (the processor), but it may also contain several other components. Therefore, the term chip can be used to refer to specific components, but should not be used describe multiple components that are grouped together.

[Magaret]

Chip in Soccer. A move in which a player attempts to deceive the opposing goalkeeper by knocking the ball over his head into the goal with a delicate, looping kick.