One of the mysteries of the English language finally explained.
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. Frequently attributive Compare "blue chip".
3Stock Market. The stock of a company based in a communist country, now especially China.
Mid 19th century; earliest use found in Daily Argus & Democrat (Madison, Wisconsin). From red + chip.
red chip/ˌrɛd ˈtʃɪp/
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