The phrase "small chip" means a tiny piece or fragment that has broken or been removed from something, such as a small part that has come off of an object like a plate or a computer chip.
Sentences with «small chip»
There was only one small chip on the right side. (meeganmakes.com)
I've had a couple small chips in the paint, but they were easy to patch since it is just paint! (remingtonavenue.com)
You could but you would have to chop the bar into small chip size pieces to make 2 cups. (gnowfglins.com)