Cut plywood with a tool-specific cutting blade. Circular saws require a blade with many small teeth around the edge. Reciprocating saw blades, like jig saws, require many teeth per inch. Plywood saw blades are available at any hardware store, online and in the tool section of department stores.
Cut plywood with its best side down when using a circular saw. Cut plywood with its best side up when using a table saw.
Place masking tape along the cut line on both sides of the plywood. This will minimize chipping when the blade from any saw cuts down the line.
Score the cut line with a utility knife, and then run the plywood through a circular saw set to remove a minimum amount of wood. This will reduce chipping caused by the blade during the final cut.
Cut the plywood with a router and a straight bit. Using a router in this way will make a clean chip-free cut line.
Cut the plywood following the grain on the top panel. This will minimize chipping when done with any saw blade.