diff --git a/src/material/chips/chip-option.html b/src/material/chips/chip-option.html
index 5970e0328e51..43f81bf23db3 100644
--- a/src/material/chips/chip-option.html
+++ b/src/material/chips/chip-option.html
@@ -1,7 +1,3 @@
-<span matRipple class="mat-mdc-chip-ripple"
-     [matRippleDisabled]="_isRippleDisabled()"
-     [matRippleCentered]="_isRippleCentered"
-     [matRippleTrigger]="_elementRef.nativeElement"></span>
 <span class="mat-mdc-chip-focus-overlay"></span>
 
 <span class="mdc-evolution-chip__cell mdc-evolution-chip__cell--primary">
diff --git a/src/material/chips/chip-row.html b/src/material/chips/chip-row.html
index 83c8607c2450..63157ab2919d 100644
--- a/src/material/chips/chip-row.html
+++ b/src/material/chips/chip-row.html
@@ -1,12 +1,7 @@
 <ng-container *ngIf="!_isEditing">
-  <span matRipple class="mat-mdc-chip-ripple"
-       [matRippleDisabled]="_isRippleDisabled()"
-       [matRippleCentered]="_isRippleCentered"
-       [matRippleTrigger]="_elementRef.nativeElement"></span>
   <span class="mat-mdc-chip-focus-overlay"></span>
 </ng-container>
 
-
 <span class="mdc-evolution-chip__cell mdc-evolution-chip__cell--primary" role="gridcell"
     matChipAction
     [tabIndex]="tabIndex"
diff --git a/src/material/chips/chip-row.ts b/src/material/chips/chip-row.ts
index b10b5224c94a..ff20f60b5255 100644
--- a/src/material/chips/chip-row.ts
+++ b/src/material/chips/chip-row.ts
@@ -207,6 +207,10 @@ export class MatChipRow extends MatChip implements AfterViewInit {
     }
   }
 
+  override _isRippleDisabled(): boolean {
+    return super._isRippleDisabled() || this._isEditing;
+  }
+
   /**
    * Gets the projected chip edit input, or the default input if none is projected in. One of these
    * two values is guaranteed to be defined.
diff --git a/src/material/chips/chip.html b/src/material/chips/chip.html
index c1dcaba0419a..9a4bcfe41d0d 100644
--- a/src/material/chips/chip.html
+++ b/src/material/chips/chip.html
@@ -1,7 +1,3 @@
-<span matRipple class="mat-mdc-chip-ripple"
-     [matRippleDisabled]="_isRippleDisabled()"
-     [matRippleCentered]="_isRippleCentered"
-     [matRippleTrigger]="_elementRef.nativeElement"></span>
 <span class="mat-mdc-chip-focus-overlay"></span>
 
 <span class="mdc-evolution-chip__cell mdc-evolution-chip__cell--primary">
diff --git a/src/material/chips/chip.scss b/src/material/chips/chip.scss
index fa620a8c69dc..44a9d28cdfac 100644
--- a/src/material/chips/chip.scss
+++ b/src/material/chips/chip.scss
@@ -184,7 +184,7 @@
 }
 
 // The ripple container should match the bounds of the entire chip.
-.mat-ripple.mat-mdc-chip-ripple {
+.mat-mdc-chip .mat-ripple.mat-mdc-chip-ripple {
   @include layout-common.fill;
 
   // Disable pointer events for the ripple container and state overlay because the container
diff --git a/src/material/chips/chip.spec.ts b/src/material/chips/chip.spec.ts
index 37b2127708f1..a5f828a20e61 100644
--- a/src/material/chips/chip.spec.ts
+++ b/src/material/chips/chip.spec.ts
@@ -1,7 +1,6 @@
 import {Directionality} from '@angular/cdk/bidi';
 import {Component, DebugElement, ViewChild} from '@angular/core';
 import {waitForAsync, ComponentFixture, TestBed} from '@angular/core/testing';
-import {MatRipple} from '@angular/material/core';
 import {By} from '@angular/platform-browser';
 import {Subject} from 'rxjs';
 import {MatChip, MatChipEvent, MatChipSet, MatChipsModule} from './index';
@@ -11,8 +10,6 @@ describe('MDC-based MatChip', () => {
   let chipDebugElement: DebugElement;
   let chipNativeElement: HTMLElement;
   let chipInstance: MatChip;
-  let chipRippleDebugElement: DebugElement;
-  let chipRippleInstance: MatRipple;
 
   let dir = 'ltr';
 
@@ -74,9 +71,8 @@ describe('MDC-based MatChip', () => {
       fixture = TestBed.createComponent(BasicChip);
       fixture.detectChanges();
       chipDebugElement = fixture.debugElement.query(By.directive(MatChip))!;
-      chipRippleDebugElement = chipDebugElement.query(By.directive(MatRipple))!;
-      chipRippleInstance = chipRippleDebugElement.injector.get<MatRipple>(MatRipple);
-      expect(chipRippleInstance.disabled)
+      chipInstance = chipDebugElement.injector.get<MatChip>(MatChip);
+      expect(chipInstance.ripple.disabled)
         .withContext('Expected basic chip ripples to be disabled.')
         .toBe(true);
     });
@@ -93,8 +89,6 @@ describe('MDC-based MatChip', () => {
       chipDebugElement = fixture.debugElement.query(By.directive(MatChip))!;
       chipNativeElement = chipDebugElement.nativeElement;
       chipInstance = chipDebugElement.injector.get<MatChip>(MatChip);
-      chipRippleDebugElement = chipDebugElement.query(By.directive(MatRipple))!;
-      chipRippleInstance = chipRippleDebugElement.injector.get<MatRipple>(MatRipple);
       testComponent = fixture.debugElement.componentInstance;
       primaryAction = chipNativeElement.querySelector('.mdc-evolution-chip__action--primary')!;
     });
@@ -137,27 +131,27 @@ describe('MDC-based MatChip', () => {
     });
 
     it('should be able to disable ripples with the `[rippleDisabled]` input', () => {
-      expect(chipRippleInstance.disabled)
+      expect(chipInstance.ripple.disabled)
         .withContext('Expected chip ripples to be enabled.')
         .toBe(false);
 
       testComponent.rippleDisabled = true;
       fixture.detectChanges();
 
-      expect(chipRippleInstance.disabled)
+      expect(chipInstance.ripple.disabled)
         .withContext('Expected chip ripples to be disabled.')
         .toBe(true);
     });
 
     it('should disable ripples when the chip is disabled', () => {
-      expect(chipRippleInstance.disabled)
+      expect(chipInstance.ripple.disabled)
         .withContext('Expected chip ripples to be enabled.')
         .toBe(false);
 
       testComponent.disabled = true;
       fixture.detectChanges();
 
-      expect(chipRippleInstance.disabled)
+      expect(chipInstance.ripple.disabled)
         .withContext('Expected chip ripples to be disabled.')
         .toBe(true);
     });
diff --git a/src/material/chips/chip.ts b/src/material/chips/chip.ts
index 98cf5b249441..9e7038e93bf6 100644
--- a/src/material/chips/chip.ts
+++ b/src/material/chips/chip.ts
@@ -29,6 +29,8 @@ import {
   ContentChildren,
   QueryList,
   OnInit,
+  DoCheck,
+  inject,
 } from '@angular/core';
 import {DOCUMENT} from '@angular/common';
 import {
@@ -43,6 +45,7 @@ import {
   mixinTabIndex,
   mixinDisabled,
   RippleGlobalOptions,
+  MatRippleLoader,
 } from '@angular/material/core';
 import {FocusMonitor} from '@angular/cdk/a11y';
 import {merge, Subject, Subscription} from 'rxjs';
@@ -123,14 +126,12 @@ export class MatChip
     CanColor,
     CanDisableRipple,
     CanDisable,
+    DoCheck,
     HasTabIndex,
     OnDestroy
 {
   protected _document: Document;
 
-  /** Whether the ripple is centered on the chip. */
-  readonly _isRippleCentered = false;
-
   /** Emits when the chip is focused. */
   readonly _onFocus = new Subject<MatChipEvent>();
 
@@ -251,11 +252,22 @@ export class MatChip
    * @deprecated Considered an implementation detail. To be removed.
    * @breaking-change 17.0.0
    */
-  @ViewChild(MatRipple) ripple: MatRipple;
+  get ripple(): MatRipple {
+    return this._rippleLoader?.getRipple(this._elementRef.nativeElement)!;
+  }
+  set ripple(v: MatRipple) {
+    this._rippleLoader?.attachRipple(this._elementRef.nativeElement, v);
+  }
 
   /** Action receiving the primary set of user interactions. */
   @ViewChild(MatChipAction) primaryAction: MatChipAction;
 
+  /**
+   * Handles the lazy creation of the MatChip ripple.
+   * Used to improve initial load time of large applications.
+   */
+  _rippleLoader: MatRippleLoader = inject(MatRippleLoader);
+
   constructor(
     public _changeDetectorRef: ChangeDetectorRef,
     elementRef: ElementRef<HTMLElement>,
@@ -275,6 +287,11 @@ export class MatChip
       this.tabIndex = parseInt(tabIndex) ?? this.defaultTabIndex;
     }
     this._monitorFocus();
+
+    this._rippleLoader?.configureRipple(this._elementRef.nativeElement, {
+      className: 'mat-mdc-chip-ripple',
+      disabled: this._isRippleDisabled(),
+    });
   }
 
   ngOnInit() {
@@ -305,6 +322,10 @@ export class MatChip
     ).subscribe(() => this._changeDetectorRef.markForCheck());
   }
 
+  ngDoCheck(): void {
+    this._rippleLoader.setDisabled(this._elementRef.nativeElement, this._isRippleDisabled());
+  }
+
   ngOnDestroy() {
     this._focusMonitor.stopMonitoring(this._elementRef);
     this._actionChanges?.unsubscribe();
diff --git a/src/material/core/private/ripple-loader.ts b/src/material/core/private/ripple-loader.ts
index 41fca0c6b432..17f03e218662 100644
--- a/src/material/core/private/ripple-loader.ts
+++ b/src/material/core/private/ripple-loader.ts
@@ -75,6 +75,7 @@ export class MatRippleLoader implements OnDestroy {
     config: {
       className?: string;
       centered?: boolean;
+      disabled?: boolean;
     },
   ): void {
     // Indicates that the ripple has not yet been rendered for this component.
@@ -89,6 +90,10 @@ export class MatRippleLoader implements OnDestroy {
     if (config.centered) {
       host.setAttribute(matRippleCentered, '');
     }
+
+    if (config.disabled) {
+      host.setAttribute(matRippleDisabled, '');
+    }
   }
 
   /** Returns the ripple instance for the given host element. */
diff --git a/tools/public_api_guard/material/chips.md b/tools/public_api_guard/material/chips.md
index b1e574bd17ba..532ec1e2be14 100644
--- a/tools/public_api_guard/material/chips.md
+++ b/tools/public_api_guard/material/chips.md
@@ -31,6 +31,7 @@ import { InjectionToken } from '@angular/core';
 import { MatFormField } from '@angular/material/form-field';
 import { MatFormFieldControl } from '@angular/material/form-field';
 import { MatRipple } from '@angular/material/core';
+import { MatRippleLoader } from '@angular/material/core';
 import { NgControl } from '@angular/forms';
 import { NgForm } from '@angular/forms';
 import { NgZone } from '@angular/core';
@@ -61,7 +62,7 @@ export const MAT_CHIP_TRAILING_ICON: InjectionToken<unknown>;
 export const MAT_CHIPS_DEFAULT_OPTIONS: InjectionToken<MatChipsDefaultOptions>;
 
 // @public
-export class MatChip extends _MatChipMixinBase implements OnInit, AfterViewInit, AfterContentInit, CanColor, CanDisableRipple, CanDisable, HasTabIndex, OnDestroy {
+export class MatChip extends _MatChipMixinBase implements OnInit, AfterViewInit, AfterContentInit, CanColor, CanDisableRipple, CanDisable, DoCheck, HasTabIndex, OnDestroy {
     constructor(_changeDetectorRef: ChangeDetectorRef, elementRef: ElementRef<HTMLElement>, _ngZone: NgZone, _focusMonitor: FocusMonitor, _document: any, animationMode?: string, _globalRippleOptions?: RippleGlobalOptions | undefined, tabIndex?: string);
     protected _allLeadingIcons: QueryList<MatChipAvatar>;
     protected _allRemoveIcons: QueryList<MatChipRemove>;
@@ -90,7 +91,6 @@ export class MatChip extends _MatChipMixinBase implements OnInit, AfterViewInit,
     protected _highlighted: boolean;
     id: string;
     _isBasicChip: boolean;
-    readonly _isRippleCentered = false;
     _isRippleDisabled(): boolean;
     leadingIcon: MatChipAvatar;
     // (undocumented)
@@ -98,6 +98,8 @@ export class MatChip extends _MatChipMixinBase implements OnInit, AfterViewInit,
     // (undocumented)
     ngAfterViewInit(): void;
     // (undocumented)
+    ngDoCheck(): void;
+    // (undocumented)
     ngOnDestroy(): void;
     // (undocumented)
     ngOnInit(): void;
@@ -114,7 +116,9 @@ export class MatChip extends _MatChipMixinBase implements OnInit, AfterViewInit,
     readonly removed: EventEmitter<MatChipEvent>;
     removeIcon: MatChipRemove;
     // @deprecated
-    ripple: MatRipple;
+    get ripple(): MatRipple;
+    set ripple(v: MatRipple);
+    _rippleLoader: MatRippleLoader;
     role: string | null;
     trailingIcon: MatChipTrailingIcon;
     get value(): any;
@@ -407,6 +411,8 @@ export class MatChipRow extends MatChip implements AfterViewInit {
     // (undocumented)
     _isEditing: boolean;
     // (undocumented)
+    _isRippleDisabled(): boolean;
+    // (undocumented)
     static ɵcmp: i0.ɵɵComponentDeclaration<MatChipRow, "mat-chip-row, [mat-chip-row], mat-basic-chip-row, [mat-basic-chip-row]", never, { "color": { "alias": "color"; "required": false; }; "disabled": { "alias": "disabled"; "required": false; }; "disableRipple": { "alias": "disableRipple"; "required": false; }; "tabIndex": { "alias": "tabIndex"; "required": false; }; "editable": { "alias": "editable"; "required": false; }; }, { "edited": "edited"; }, ["contentEditInput"], ["mat-chip-avatar, [matChipAvatar]", "*", "[matChipEditInput]", "mat-chip-trailing-icon,[matChipRemove],[matChipTrailingIcon]"], false, never>;
     // (undocumented)
     static ɵfac: i0.ɵɵFactoryDeclaration<MatChipRow, [null, null, null, null, null, { optional: true; }, { optional: true; }, { attribute: "tabindex"; }]>;
diff --git a/tools/public_api_guard/material/core.md b/tools/public_api_guard/material/core.md
index ac9be0792f67..4844f95ca2f0 100644
--- a/tools/public_api_guard/material/core.md
+++ b/tools/public_api_guard/material/core.md
@@ -403,6 +403,7 @@ export class MatRippleLoader implements OnDestroy {
     configureRipple(host: HTMLElement, config: {
         className?: string;
         centered?: boolean;
+        disabled?: boolean;
     }): void;
     createRipple(host: HTMLElement): MatRipple | undefined;
     getRipple(host: HTMLElement): MatRipple | undefined;