Chips contain acrylamide, a known carcinogen and neurotoxin that is formed when foods are baked or fried at high temperatures. Research has schown acrylamide causes an estimated several thousand cancers per year in Americans.Chips also contain trans fats, the artery-clogging fat that's been linked to raising bad cholesterol (and lowering the good kind), and increasing the risk of heart disease, diabetes, stroke and cancer.