flake vs chip

flake and chip both are nouns.

Word	Noun	Adjective	Verb	Adverb
flake	Yes	No	Yes	No
chip	Yes	No	Yes	No

As nouns, flake and chip are synonyms defined as:

Other synonyms of flake include bit, fleck, scrap.

As verbs, chip is a hypernym of flake; that is, chip is a word with a broader meaning than flake:

Other hypernyms of flake include break away, break off, chip off, come off.

flake (noun)	chip (noun)
a small fragment of something broken off from the whole	the act of chipping something
a person with an unusual or odd personality	(golf) a low running approach shot
a crystal of snow	electronic equipment consisting of a small crystal of a silicon semiconductor fabricated to carry out a number of electronic functions in an integrated circuit
	a small disk-shaped counter used to represent money when gambling
	a triangular wooden float attached to the end of a log line
	a mark left after a small piece has been chopped or broken off of something
	a thin crisp slice of potato fried in deep fat
	a small fragment of something broken off from the whole
	a piece of dried bovine dung

flake (verb)	chip (verb)
come off in flakes or thin small pieces	break a small piece off from
cover with flakes or as if with flakes	break off (a piece from a whole)
form into flakes	form by chipping
	cut a nick into
	play a chip shot