The term 'Silicon CHIP' is a combination of two words, 'silicon' and 'CHIP'. Silicon is a chemical element found in abundance in the Earth's crust, and is used in many electronic components. A CHIP is a small piece of semiconductor material, usually made from silicon, that contains integrated circuits. Together, these two words form the term 'Silicon CHIP', which is used to refer to an integrated circuit or microchip. WAFER is a thin slice of semiconductor material, such as silicon, used in the fabrication of integrated circuits.