棋 is built from the 木 and 其 (that / winnowing basket) components.
It belongs to a phonetic family with 期, 基, 旗, and 欺 — they share the 其 component and the reading キ.
A common word using 棋 is 将棋 (しょうぎ), meaning “Japanese chess”.
Kanji that look similar include 媒, 棒, 棚, and 棟.
