diff --git a/core/src/components/chip/chip.scss b/core/src/components/chip/chip.scss
index 026b059e3b..29f8ed95b0 100644
--- a/core/src/components/chip/chip.scss
+++ b/core/src/components/chip/chip.scss
@@ -27,8 +27,6 @@
   font-family: $font-family-base;
   font-size: 14px;
 
-  line-height: 1;
-
   cursor: pointer;
 
   overflow: hidden;
diff --git a/core/src/components/chip/test/basic/chip.e2e.ts b/core/src/components/chip/test/basic/chip.e2e.ts
index 4ae7139f71..a7712de6e6 100644
--- a/core/src/components/chip/test/basic/chip.e2e.ts
+++ b/core/src/components/chip/test/basic/chip.e2e.ts
@@ -9,4 +9,28 @@ test.describe('chip: rendering', () => {
 
     expect(await page.screenshot()).toMatchSnapshot(`chip-basic-${page.getSnapshotSettings()}.png`);
   });
+
+  test('should not clip descenders in item', async ({ page, skip }) => {
+    skip.rtl();
+    skip.mode('md');
+
+    test.info().annotations.push({
+      type: 'issue',
+      description: 'https://github.com/ionic-team/ionic-framework/issues/18313',
+    });
+
+    await page.setContent(`
+      <ion-list>
+        <ion-item>
+          <ion-chip>
+            <ion-label>Agreements</ion-label>
+          </ion-chip>
+        </ion-item>
+      </ion-list>
+    `);
+
+    const chip = page.locator('ion-chip');
+
+    expect(await chip.screenshot()).toMatchSnapshot(`chip-descender-${page.getSnapshotSettings()}.png`);
+  });
 });
diff --git a/core/src/components/chip/test/basic/chip.e2e.ts-snapshots/chip-descender-ios-ltr-Mobile-Chrome-linux.png b/core/src/components/chip/test/basic/chip.e2e.ts-snapshots/chip-descender-ios-ltr-Mobile-Chrome-linux.png
new file mode 100644
index 0000000000..a86b252d97
Binary files /dev/null and b/core/src/components/chip/test/basic/chip.e2e.ts-snapshots/chip-descender-ios-ltr-Mobile-Chrome-linux.png differ
diff --git a/core/src/components/chip/test/basic/chip.e2e.ts-snapshots/chip-descender-ios-ltr-Mobile-Firefox-linux.png b/core/src/components/chip/test/basic/chip.e2e.ts-snapshots/chip-descender-ios-ltr-Mobile-Firefox-linux.png
new file mode 100644
index 0000000000..a0ccf687a1
Binary files /dev/null and b/core/src/components/chip/test/basic/chip.e2e.ts-snapshots/chip-descender-ios-ltr-Mobile-Firefox-linux.png differ
diff --git a/core/src/components/chip/test/basic/chip.e2e.ts-snapshots/chip-descender-ios-ltr-Mobile-Safari-linux.png b/core/src/components/chip/test/basic/chip.e2e.ts-snapshots/chip-descender-ios-ltr-Mobile-Safari-linux.png
new file mode 100644
index 0000000000..3b669318cc
Binary files /dev/null and b/core/src/components/chip/test/basic/chip.e2e.ts-snapshots/chip-descender-ios-ltr-Mobile-Safari-linux.png differ