WordNet sense 1 (a piece of dried bovine dung):

buffalo chip, cow chip, cow dung

WordNet sense 2 (a small fragment of something broken off from the whole):

bit, flake, fleck, scrap

WordNet sense 3 (a thin crisp slice of potato fried in deep fat):

crisp, potato chip, Saratoga chip

WordNet sense 4 (a mark left after a small piece has been chopped or broken off of something):

check

WordNet sense 5 (a small disk-shaped counter used to represent money when gambling):

poker chip

WordNet sense 6 (electronic equipment consisting of a small crystal of a silicon semiconductor fabricated to carry out a number of electronic functions in an integrated circuit):

microchip, silicon chip

WordNet sense 7 (break off (a piece from a whole)):

break off, come off, chip off

WordNet sense 8 (break a small piece off from):

knap, cut off

WordNet sense 9 (cut a nick into):

nick

WordNet sense 10 (a low running approach shot):

chip shot

WordNet sense 11 (the act of chipping something):

chipping, splintering