Heat 1 tablespoon olive oil in a large skillet over medium-high heat.
Add the bite-sized chicken pieces to the hot skillet and cook, stirring occasionally, until browned and cooked through, about 6–8 minutes.
Meanwhile, in a mixing bowl whisk together 1/4 cup creamy peanut butter, 1 tablespoon soy sauce, 1 tablespoon honey, 2 minced garlic cloves, 1 teaspoon grated fresh ginger, 1/4 teaspoon red pepper flakes, 1/2 cup chicken broth, and 1 tablespoon lime juice until smooth.
Pour the peanut sauce over the cooked chicken in the skillet, reduce heat to medium, and simmer for about 5 minutes until the sauce thickens and coats the chicken.
Serve the peanut chicken over steamed rice and garnish with chopped cilantro and chopped peanuts.
