Provided are: a 
chip resistor which is capable of adjusting the resistance with high accuracy, while maintaining high sulfurization resistance of an 
electrode thereof, even in cases where the resistance of the 
chip resistor is low; and a method for manufacturing this 
chip resistor. This 
chip resistor (1) comprises an insulating film which covers a resistor (4) that is formed so as to be in contact with both of a pair of electrodes (3, 3) formed on the upper surface (2A) of an insulating substrate (2). Each of the pair of electrodes (3, 3) comprises: (1) a main 
electrode layer (3B) that contains silver as a main 
metal component, while containing 10% by weight or more of 
palladium, and an 
auxiliary electrode layer (3A) that has a lower 
specific resistance than the main 
electrode layer (3B); (2) a multilayer portion wherein the 
auxiliary electrode layer (3A) and the main electrode layer (3B) are sequentially laminated in this order on one surface of the insulating substrate (2); and (3) an exposed part (3A1) of the 
auxiliary electrode layer (3A) on the far side from the resistor (4), where the main electrode layer (3B) does not cover a part of the auxiliary electrode layer (3A), and an extending part (3B1) that extends from the near side to the far side from the resistor (4).