Typing a value and pressing Enter (or a comma) hardens it into a removable chip, and the field clears for the next one. Each chip's remove button needs a specific label — "Remove Kim Seoyeon" — since an icon alone can't say what's being removed. Pressing Backspace with the cursor at the start of an empty field conventionally deletes the chip right before it.
Its relationship to the chip entry elsewhere in this dictionary is output versus creation — a chip is an already-made, standalone label, while a tag input is the typing mechanism that builds up those chips one at a time. It differs from a combobox in purpose — a combobox fills in one value from a list of candidates and is done, while a tag input keeps accumulating several values into a growing list, even though both often share the same combobox-plus-listbox machinery under the hood.
If autocomplete candidates are offered alongside it, add the listbox pattern so candidates filter as you type and arrow keys can pick one.