Add the butter to a large heavy duty sauce pan, and melt it over medium heat. Stir it occasionally to keep it from browning. 1 lb Salted butter
While the butter is melting prepare a half sized cookie sheet (12x17inches). You can line it with parchment paper, or coat it in butter all over!
Once the butter is melted, add in the sugar, water, and corn syrup. Stir it all together until it is a gooey consistency. 2 cups Granulated sugar, 6 TBS water, 2 TBS light corn syrup
Hook a candy thermometer to the side of the pot, make sure it does not touch the bottom of the pan.
Raise the heat to medium high, and stir occasionally, using a wooden spoon or other non heat conducting spoon.
Once the temperature reaches 225 degrees Fahrenheit, you will need to stir constantly, and quickly. The toffee will continue to heat, and once it hits 270 it will rise even quicker, so stir very quickly.
Near the end you will feel like your toffee and your arms are burning. This could be about 15 to 25 minutes. The toffee will be turning a golden brown color.
Once the toffee is between 295 and 300 F remove it from the heat.
Stir in 1 cups of the chopped cashews. 1 1/2 cups chopped cashews**
Pour the toffee into the prepared pan, spreading it evenly to the edges and corners with the wooden spoon. Do not scrape the toffee that is stuck on the bottom of the pan, as it may be burnt and bitter.
Let the toffee cool for 5 to 10 minutes, then sprinkle the chocolate chips evenly. Wait a couple minutes and the chocolate chips will start to turn glossy and melt from the heat of the toffee. 1 cup semisweet chocolate chips
Spread the chocolate chips over the top of the toffee with a rubber spatula, avoiding the edge of the pan so you don't have to clean it off later.
Once the chocolate is spread, sprinkle the remaining chopped nuts across the surface. You can chop them even finer first.
Let the chocolate harden until it is set, and break toffee into pieces and enjoy.