Remove

<div id="chiplist"></div>

<script>
    var chiplist = $("#chiplist").kendoChipList({
        items: [
            { label: "Home", icon: "home" },
            { label: "Info", icon: "info-circle" },
            { label: "Contact", icon: "envelope" }
        ]
    }).data("kendoChipList");

    var lastItem = chiplist.item(2);
    chiplist.remove(lastItem);
</script>