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Types of Keys For Trucks In the mid- to late 90's, manufacturers started placing chips inside the plastic head on their keys. This chip emits an electronic signal that is detected by the receiver inside your ignition. If the code is not compatible your car's code, it won't start. can produce these "chip keys" at a fraction the cost of dealers. Transponder Keys A transponder, also known as a chip key or immobilizer, is a tiny microchip that is