CHIPS Restricted Trailer Enjoy the new CHIPS red band trailer! The film, written and directed by Dax Shepard (Hit and Run), stars Shepard, Michael Peña, Adam Brody, Vincent D’Onofrio, Kristen Bell, Kristen Bell, Jane Kaczmarek, and Maya Rudolph. CHIPS will be released in theaters on March 24. California Highway Patrol (CHiPs) officers Francis “Ponch” Poncherello and Jon Baker run around the L.A. area stopping speeders and car thieves, helping stranded motorists, assisting paramedics at accident scenes, and occasionally investigating crimes. The story for this film is not yet known.