Aspects of a method and system for frequency-shift based chip-to-chip communications may include receiving and/or generating modulation control information and demodulation control information within a chip comprising one or more receivers and one or more transmitters. One or more modulation frequencies may be adjusted and utilized to generate transmit signals by the one or more transmitters based on the received modulation control information, wherein the one or more modulation frequencies may be distinct. One or more demodulation frequencies may be adjusted and utilized to generate intermediate frequency signals by the one or more receivers based on the received demodulation control information wherein the one or more demodulation frequencies may be distinct. The modulation control information and the demodulation control information may be received via a communication device comprising said chip.