'chip' originates from Old English, specifically the word 'cipp,' where 'cipp' meant 'a small piece of wood.'

'cipp' transformed into the Middle English word 'chippe,' and eventually became the modern English word 'chip.'

Initially, it meant 'a small piece of wood,' but over time it evolved into its current meanings, including 'a small piece of semiconductor material' and 'a thin slice of potato.'