That is too little for the chips. It is the reason I don't sell them just store them until I can merge them.
What I find really annoying is a level one chip gives say 100 points. It takes 5 level one chips to merge a level 2 chip that only gives 200 points. 5 level twos to make a level 3 which gives 400. The power drain from merging some chips is too much.
I guess the chips are only valuable when you buy them from Tynon lol.