Definition of re-chip in US English:

re-chip

verb

British
  • with object To alter (a stolen mobile phone) to make it reusable or resaleable, by reprogramming the chip that contains its identifying electronic serial number.

Origin

1990s; earliest use found in Wantage & Grove Herald. From re- + chip.

Pronunciation

re-chip

/riːˈtʃɪp/