The Everprint CHIP-CAN-IR1435 is a compatible cartridge chip for the Canon iR1435 and C-EXV50 cartridge. It is a laser cartridge component used to help the device recognize and track the cartridge during printing.
The chip stores cartridge status information, including printed-page counts and toner-use data. Replacing it during cartridge refilling or restoration helps the printer recognize the cartridge for reuse. This is a compatible Everprint part for the stated cartridge and printer; it is not presented as a Canon-made chip.