Definition of red chip in English:

red chip

Pronunciation /ˌrɛd ˈtʃɪp/

noun

US
  • 1A red counter used in gambling, typically representing a lower sum of money than a blue chip.

  • 2Stock Market
    A stock considered to be a good investment, but less reliable than a blue chip.

  • 3Stock Market
    The stock of a company based in a communist country, now especially China.

Origin

Mid 19th century; earliest use found in Daily Argus & Democrat (Madison, Wisconsin). From red + chip.