Chip resistor and method of making the same

A method of making a resistor comprising steps of:

• preparing an insulating mother substrate;
• forming a resistive layer on the mother substrate;
• forming a conductive metal layer on the resistive layer;
• processing the metal layer by photolithography;
• processing the resistive layer by photolithography;
• forming a protection layer to cover the resistive layer;
• and
• dividing the mother substrate into smaller pieces;
• wherein the prepared mother substrate has a generally circular configuration.