A 2D fully thermal mechanical coupled finite element model is applied to study the influence of material parameters on serrate chip formation during high speed cutting process. The serrated chip formation during high speed machining was predicted. Of interests are the effects of thermal conductivity, specific heat and density. Results showed significant influence of these thermophysical parameters on the serrated chip phenomena, especially in the case of the density. Increasing thermal conductivity specific heat and density lead to a decreasing degree of segmentation. The influence of the thermal conductivity on the cutting force and the specific heat on maximum temperatures in the shear band is also discussed.