Chip resistors are small and surface-mount components that provide precise levels of electrical resistance in any electronic circuits. The Chip resistor components are manufactured using thin-film or thick-film technology. The key features  of Chip resistors are  resistance values, tolerances of ±1% to ±10%, and power ratings in milliwatts to watts. These Chip resistor components come in standard sizes like 0402, 0603, and 0805. Chip resistors have limited power handling, and potential temperature coefficient variations. It can introduce noise in high-frequency circuits. Also, its durabiliy, relaiblity, compact nature makes it cost effective. With wide range of resistance values Chip resistors are used in several applications like voltage dividers, current limiting, pull-up/pull-down networks, feedback and biasing, and filtering in various electronic circuits.