An equilibrium chip is a component of Transformer anatomy. From the context in which they were mentioned, they may be related to a Transformer's balance.
Generation One cartoon continuity
The concept of a Transformer's equilibrium is first shown when Wheeljack used his gyro-inhibitor shells to destabilize Megatron's equilibrium.
Carly once disabled Bumblebee's equilibrium so he could enjoy an amusement park ride.