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Types of Keys For Trucks In the mid- to late 90's, companies began putting transponder chips inside the head of their keys. This chip emits an electronic signal that is interpreted by the receiver in your ignition. If the code is not compatible the code, your car won't start. Beishir can produce these "chip keys" at a fraction the price of a dealer. Transponder Keys A transponder key, also known as chip key or immobilizer key, is a small electronic microchip that is located in the head of car keys that contain a un