breakage vs chipping

breakage and chipping both are nouns.

Word	Noun	Adjective	Verb	Adverb
breakage	Yes	No	No	No
chipping	Yes	No	No	No

As nouns, chipping is a hyponym of breakage; that is, chipping is a word with a more specific, narrower meaning than breakage:

Other hyponyms of breakage include rupture, shattering, smashing, crack, cracking, fracture, chip, splintering.

breakage (noun)	chipping (noun)
the act of breaking something	the act of chipping something
reimbursement for goods damaged while in transit or in use
the quantity broken