There are good chips, and there are absolute crap that will destroy your engines.
The good ones cost plenty at specialist shops and actually work, the cheap crap flogged on Trade Me will turn your nice new engine into a large paper weight quickly.
DPChip and Steinbauer are a couple of the good ones.
We see plenty of trucks coming through work that have been chipped. Lots unfortunately are the cheap crap that cause no end of dramas.
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