chipping vs breakage

chipping and breakage both are nouns.

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

As nouns, breakage is a hypernym of chipping; that is, breakage is a word with a broader meaning than chipping:

Other hypernyms of chipping include break, breaking.

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