Line a 9x9 inch pan with aluminum foil and spray lightly with non-stick coating. Melt chips in microwave, stir until smooth.
In a mixing bowl, combine confectioners' sugar, cream cheese and frosting; blend well. Stir in melted chips, walnuts, cranberries and orange peel. Stir well and spread mixture into the prepared pan. Refrigerate 1 hour or until firm. Cut into 1 inch squares before serving.