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n. A small mechanically produced piece (chip) of wood, generally from 0,5 to 10 cm by diameter, used primarily as raw material for pulp, paper and construction boards, as well as fuel and mulch.

n. A small fibre of wood; especially such material as used to make ingrain wallpaper, aka woodchip wallpaper. See Wikipedia article on ingrain wallpaper.

"If the government were to legislate a redeployment of the 'woodchip' industry into the 'hemp industry, within a few years the HEMPchip industry will be churning out high quality pulp and what's left of the old growth could stay alive"

woodchipping    woodchipper