As to punched
cards I never heard the rectangular punchings referred
to as
'chips' on either side of the Atlantic.
I refer you, then, to most IBM punched card documentation on bitsavers.
http://bitsavers.org/pdf/ibm/cardProc/22-8485-3_operGuide_Sep56.pdf
page 13, for example:
"Chip Box
Slightly to the right of the machine, as you look at it from the rear,
is a removable box, which is the receptacle for the punching chips as
they are cut out. This box can be easily removed, when necessary, by
lifting a catch that locks it into position. The chip box should be
removed and emptied daily."
Regardless of what the documentation says, and what the "official" term
is, my mother and her friends who worked as punch operators when I was a
young boy always referred to them as "chads". I still have a couple of
chad boxes my mother gave me when I was little.
Peace... Sridhar