Abstract: A system for boring a workpiece. The system has a spindle assembly for holding and rotating an elongate tool around a first axis to effect boring of a workpiece. The spindle assembly has a spindle that is movable from a retracted position along a first axis to an extended position through an operating range. The spindle assembly further has a guide assembly relative to which the spindle is guidingly rotatable. The system further includes a chip box having a housing defining a collection space and having first and second walls spaced axially relative to the first axis. The guide assembly and chip box are relatively movable along the first axis between first and second different relative positions, with the guide assembly and chip box being closer with respect to each other in the second relative position than in the first relative position. The guide assembly guides rotating movement of the spindle relative to the chip box with the guide assembly and chip box in the second relative position.