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Using your KitchenAid Mixer or traditional stand mixer, combine all the ingredients together, except the chocolate chips. Then add the chocolate chips.
Allow the batter to mix for a few more minutes. The batter will be thick.
Pour the batter into the cake pan of your choice that has been sprayed with non-stick cooking spray.
Bake in a preheated 350° oven for 30 to 35 minutes or until a toothpick inserted in the middle of the cake comes out clean.
Let the cake cool in the pan for a few minutes and then remove and place on a wire rack to cool completely while you prepare the chocolate glaze.
In a medium-sized bowl, combine the powdered sugar and cocoa powder.
Add the remaining ingredients and mix until smooth.
Depending on the consistency of icing you desire, you may need to add more milk.
Drizzle the icing over the cake.