Chip resistor and its manufacturing method

Object of the present invention is to provide a break in the vulcanization are not gas atmosphere, no precipitation of silver sulfide on the surface of the chip resistor manufacturing method thereof. The chip resistor according to the present invention includes: a resistor layer provided on the surface of the substrate; a first upper electrode layer, which is disposed both end portions to be electrically connected to the resistive layer; and a second upper electrode layer disposed on the first the upper electrode layer, a protective 75 wt% or more 85 wt% or less and an average particle diameter of silver particles between 0.3μm ~ 2μm, 1 wt% to 10 wt% of carbon, and a resin.