I have the MM trimmer and I would not use it to cut chipboard. I love my trimmer, but it's not really designed for cutting through thick things like chipboard, IMO. I honestly don't know of any trimmer that cuts chipboard. Hopefully, someone else can come on here and tell you about one! Good luck!
I am still using one of the very first Fiskars cutters and it slices through chipboard.
I have the one the uses the larger of the two cutter blades, while others hated when it first came out I love it and it cuts super straight. HTH