Peanut Butter Crunch Bars

In a large saucepan over medium-high heat, combine sugar and corn syrup and stir until combined. Bring to a boil and let mixture continue boiling until syrup is clear, no more than 2-3 minutes. Remove from heat and add peanut butter, stirring until smooth. Add cereal and gently stir until flakes are coated. Add chocolate chips and scrape mixture into a well-greased 11x7 inch pan, pressing down gently. Cut into bars while still warm.