Chip

1. an integrated circuit
2. more specifically, a microprocessor

In telecommunications:

1. in satellite communications systems, the smallest element of data in an encoded signal.
2. The most elemental component of a spread spectrum signal when it is decompressed in time; that is, the longest duration signal in which signal parameters are approximately constant..
3. In micrographic and display systems, a relatively small and separate piece of microform that contains microimages and coded information for search, identification, and retrieval purposes.

Based on material from Federal Standard 1037C