Chip Resistors are a type of electronic component that is used to limit the flow of electrical current in a circuit. They are passive components that provide a fixed resistance value, and they are commonly used in a wide range of electronic devices, from smartphones and computers to cars and industrial equipment. Chip Resistors are usually made from a thin film of metal alloy or carbon that is deposited onto a ceramic substrate, and they are available in a variety of resistance values and power ratings.