diff --git a/goldens/size-test.yaml b/goldens/size-test.yaml
index de23533f915e..b402f11a24dc 100644
--- a/goldens/size-test.yaml
+++ b/goldens/size-test.yaml
@@ -1,7 +1,9 @@
 cdk/drag-drop/all-directives: 153063
 cdk/drag-drop/basic: 150321
+material-experimental/mdc-chips/basic: 147613
 material/autocomplete/without-optgroup: 208091
 material/button-toggle/standalone: 119400
+material/chips/basic: 162733
 material/datepicker/range-picker/without-form-field: 330101
 material/expansion/without-accordion: 130562
 material/list/nav-list: 130473
diff --git a/integration/size-test/material-experimental/mdc-chips/BUILD.bazel b/integration/size-test/material-experimental/mdc-chips/BUILD.bazel
new file mode 100644
index 000000000000..e0da7773f1a9
--- /dev/null
+++ b/integration/size-test/material-experimental/mdc-chips/BUILD.bazel
@@ -0,0 +1,7 @@
+load("//integration/size-test:index.bzl", "size_test")
+
+size_test(
+    name = "basic",
+    file = "basic.ts",
+    deps = ["//src/material-experimental/mdc-chips"],
+)
diff --git a/integration/size-test/material-experimental/mdc-chips/basic.ts b/integration/size-test/material-experimental/mdc-chips/basic.ts
new file mode 100644
index 000000000000..bf44c255ee35
--- /dev/null
+++ b/integration/size-test/material-experimental/mdc-chips/basic.ts
@@ -0,0 +1,25 @@
+import {Component, NgModule} from '@angular/core';
+import {platformBrowser} from '@angular/platform-browser';
+import {MatChipsModule} from '@angular/material-experimental/mdc-chips';
+
+/**
+ * Basic component using `MatChipSet` and `MatChip`. Other supported parts of the
+ * chip module such as `MatChipRemove` are not used and should be tree-shaken away.
+ */
+@Component({
+  template: `
+    <mat-chip-set>
+      <mat-chip>First</mat-chip>
+    </mat-chip-set>
+  `,
+})
+export class TestComponent {}
+
+@NgModule({
+  imports: [MatChipsModule],
+  declarations: [TestComponent],
+  bootstrap: [TestComponent],
+})
+export class AppModule {}
+
+platformBrowser().bootstrapModule(AppModule);
diff --git a/integration/size-test/material/chips/BUILD.bazel b/integration/size-test/material/chips/BUILD.bazel
new file mode 100644
index 000000000000..4a2dc13e56c0
--- /dev/null
+++ b/integration/size-test/material/chips/BUILD.bazel
@@ -0,0 +1,7 @@
+load("//integration/size-test:index.bzl", "size_test")
+
+size_test(
+    name = "basic",
+    file = "basic.ts",
+    deps = ["//src/material/chips"],
+)
diff --git a/integration/size-test/material/chips/basic.ts b/integration/size-test/material/chips/basic.ts
new file mode 100644
index 000000000000..41cd96ab7096
--- /dev/null
+++ b/integration/size-test/material/chips/basic.ts
@@ -0,0 +1,25 @@
+import {Component, NgModule} from '@angular/core';
+import {platformBrowser} from '@angular/platform-browser';
+import {MatChipsModule} from '@angular/material/chips';
+
+/**
+ * Basic component using `MatChipList` and `MatChip`. Other supported parts of the
+ * chip module such as `MatChipRemove` are not used and should be tree-shaken away.
+ */
+@Component({
+  template: `
+    <mat-chip-list>
+      <mat-chip>First</mat-chip>
+    </mat-chip-list>
+  `,
+})
+export class TestComponent {}
+
+@NgModule({
+  imports: [MatChipsModule],
+  declarations: [TestComponent],
+  bootstrap: [TestComponent],
+})
+export class AppModule {}
+
+platformBrowser().bootstrapModule(AppModule);
diff --git a/src/material-experimental/mdc-chips/chip-icons.ts b/src/material-experimental/mdc-chips/chip-icons.ts
index f46e90f8aff2..6788bb0b3c90 100644
--- a/src/material-experimental/mdc-chips/chip-icons.ts
+++ b/src/material-experimental/mdc-chips/chip-icons.ts
@@ -7,7 +7,7 @@
  */
 
 import {BooleanInput} from '@angular/cdk/coercion';
-import {ChangeDetectorRef, Directive, ElementRef, OnDestroy} from '@angular/core';
+import {ChangeDetectorRef, Directive, ElementRef, InjectionToken, OnDestroy} from '@angular/core';
 import {
   CanDisable,
   CanDisableCtor,
@@ -20,6 +20,13 @@ import {MDCChipTrailingActionAdapter, MDCChipTrailingActionFoundation} from '@ma
 import {Subject} from 'rxjs';
 
 
+/**
+ * Injection token that can be used to reference instances of `MatChipAvatar`. It serves as
+ * alternative token to the actual `MatChipAvatar` class which could cause unnecessary
+ * retention of the class and its directive metadata.
+ */
+export const MAT_CHIP_AVATAR = new InjectionToken<MatChipAvatar>('MatChipAvatar');
+
 /**
  * Directive to add CSS classes to chip leading icon.
  * @docs-private
@@ -29,7 +36,8 @@ import {Subject} from 'rxjs';
   host: {
     'class': 'mat-mdc-chip-avatar mdc-chip__icon mdc-chip__icon--leading',
     'role': 'img'
-  }
+  },
+  providers: [{provide: MAT_CHIP_AVATAR, useExisting: MatChipAvatar}],
 })
 export class MatChipAvatar {
   constructor(private _changeDetectorRef: ChangeDetectorRef,
@@ -42,6 +50,14 @@ export class MatChipAvatar {
   }
 }
 
+/**
+ * Injection token that can be used to reference instances of `MatChipTrailingIcon`. It serves as
+ * alternative token to the actual `MatChipTrailingIcon` class which could cause unnecessary
+ * retention of the class and its directive metadata.
+ */
+export const MAT_CHIP_TRAILING_ICON =
+  new InjectionToken<MatChipTrailingIcon>('MatChipTrailingIcon');
+
 /**
  * Directive to add CSS classes to and configure attributes for chip trailing icon.
  * @docs-private
@@ -53,7 +69,8 @@ export class MatChipAvatar {
         'mat-mdc-chip-trailing-icon mdc-chip__icon mdc-chip__icon--trailing',
     'tabindex': '-1',
     'aria-hidden': 'true',
-  }
+  },
+  providers: [{provide: MAT_CHIP_TRAILING_ICON, useExisting: MatChipTrailingIcon}],
 })
 export class MatChipTrailingIcon implements OnDestroy {
   private _foundation: MDCChipTrailingActionFoundation;
@@ -110,6 +127,13 @@ export class MatChipTrailingIcon implements OnDestroy {
   }
 }
 
+/**
+ * Injection token that can be used to reference instances of `MatChipRemove`. It serves as
+ * alternative token to the actual `MatChipRemove` class which could cause unnecessary
+ * retention of the class and its directive metadata.
+ */
+export const MAT_CHIP_REMOVE = new InjectionToken<MatChipRemove>('MatChipRemove');
+
 /**
  * Boilerplate for applying mixins to MatChipRemove.
  * @docs-private
@@ -154,7 +178,8 @@ const _MatChipRemoveMixinBase:
 
     // We need to remove this explicitly, because it gets inherited from MatChipTrailingIcon.
     '[attr.aria-hidden]': 'null',
-  }
+  },
+  providers: [{provide: MAT_CHIP_REMOVE, useExisting: MatChipRemove}],
 })
 export class MatChipRemove extends _MatChipRemoveMixinBase implements CanDisable, HasTabIndex {
   /**
diff --git a/src/material-experimental/mdc-chips/chip.ts b/src/material-experimental/mdc-chips/chip.ts
index 782ab568f510..9de75fe27d6e 100644
--- a/src/material-experimental/mdc-chips/chip.ts
+++ b/src/material-experimental/mdc-chips/chip.ts
@@ -47,7 +47,13 @@ import {numbers} from '@material/ripple';
 import {SPACE, ENTER, hasModifierKey} from '@angular/cdk/keycodes';
 import {Subject} from 'rxjs';
 import {takeUntil} from 'rxjs/operators';
-import {MatChipAvatar, MatChipTrailingIcon, MatChipRemove} from './chip-icons';
+import {
+  MatChipAvatar,
+  MatChipTrailingIcon,
+  MatChipRemove,
+  MAT_CHIP_AVATAR,
+  MAT_CHIP_TRAILING_ICON, MAT_CHIP_REMOVE
+} from './chip-icons';
 
 
 let uid = 0;
@@ -226,14 +232,17 @@ export class MatChip extends _MatChipMixinBase implements AfterContentInit, Afte
   /** Subject that emits when the component has been destroyed. */
   protected _destroyed = new Subject<void>();
 
+  // TODO: Remove cast once https://github.com/angular/angular/pull/37506 is available.
   /** The chip's leading icon. */
-  @ContentChild(MatChipAvatar) leadingIcon: MatChipAvatar;
+  @ContentChild(MAT_CHIP_AVATAR as any) leadingIcon: MatChipAvatar;
 
+  // TODO: Remove cast once https://github.com/angular/angular/pull/37506 is available.
   /** The chip's trailing icon. */
-  @ContentChild(MatChipTrailingIcon) trailingIcon: MatChipTrailingIcon;
+  @ContentChild(MAT_CHIP_TRAILING_ICON as any) trailingIcon: MatChipTrailingIcon;
 
+  // TODO: Remove cast once https://github.com/angular/angular/pull/37506 is available.
   /** The chip's trailing remove icon. */
-  @ContentChild(MatChipRemove) removeIcon: MatChipRemove;
+  @ContentChild(MAT_CHIP_REMOVE as any) removeIcon: MatChipRemove;
 
   /** Reference to the MatRipple instance of the chip. */
   @ViewChild(MatRipple) ripple: MatRipple;
diff --git a/src/material/chips/chip.ts b/src/material/chips/chip.ts
index 89054b501f52..65e486c439d7 100644
--- a/src/material/chips/chip.ts
+++ b/src/material/chips/chip.ts
@@ -6,25 +6,25 @@
  * found in the LICENSE file at https://angular.io/license
  */
 
-import {DOCUMENT} from '@angular/common';
 import {FocusableOption} from '@angular/cdk/a11y';
 import {BooleanInput, coerceBooleanProperty} from '@angular/cdk/coercion';
 import {BACKSPACE, DELETE, SPACE} from '@angular/cdk/keycodes';
 import {Platform} from '@angular/cdk/platform';
+import {DOCUMENT} from '@angular/common';
 import {
+  Attribute,
+  ChangeDetectorRef,
   ContentChild,
   Directive,
   ElementRef,
   EventEmitter,
-  forwardRef,
   Inject,
+  InjectionToken,
   Input,
   NgZone,
   OnDestroy,
   Optional,
   Output,
-  ChangeDetectorRef,
-  Attribute,
 } from '@angular/core';
 import {
   CanColor,
@@ -33,18 +33,18 @@ import {
   CanDisableRippleCtor,
   HasTabIndex,
   HasTabIndexCtor,
-  mixinTabIndex,
   MAT_RIPPLE_GLOBAL_OPTIONS,
   mixinColor,
   mixinDisableRipple,
+  mixinTabIndex,
   RippleConfig,
   RippleGlobalOptions,
   RippleRenderer,
   RippleTarget,
 } from '@angular/material/core';
+import {ANIMATION_MODULE_TYPE} from '@angular/platform-browser/animations';
 import {Subject} from 'rxjs';
 import {take} from 'rxjs/operators';
-import {ANIMATION_MODULE_TYPE} from '@angular/platform-browser/animations';
 
 
 /** Represents an event fired on an individual `mat-chip`. */
@@ -64,6 +64,27 @@ export class MatChipSelectionChange {
     public isUserInput = false) { }
 }
 
+/**
+ * Injection token that can be used to reference instances of `MatChipRemove`. It serves as
+ * alternative token to the actual `MatChipRemove` class which could cause unnecessary
+ * retention of the class and its directive metadata.
+ */
+export const MAT_CHIP_REMOVE = new InjectionToken<MatChipRemove>('MatChipRemove');
+
+/**
+ * Injection token that can be used to reference instances of `MatChipAvatar`. It serves as
+ * alternative token to the actual `MatChipAvatar` class which could cause unnecessary
+ * retention of the class and its directive metadata.
+ */
+export const MAT_CHIP_AVATAR = new InjectionToken<MatChipAvatar>('MatChipAvatar');
+
+/**
+ * Injection token that can be used to reference instances of `MatChipTrailingIcon`. It serves as
+ * alternative token to the actual `MatChipTrailingIcon` class which could cause unnecessary
+ * retention of the class and its directive metadata.
+ */
+export const MAT_CHIP_TRAILING_ICON =
+    new InjectionToken<MatChipTrailingIcon>('MatChipTrailingIcon');
 
 // Boilerplate for applying mixins to MatChip.
 /** @docs-private */
@@ -82,7 +103,8 @@ const _MatChipMixinBase: CanColorCtor & CanDisableRippleCtor &
  */
 @Directive({
   selector: 'mat-chip-avatar, [matChipAvatar]',
-  host: {'class': 'mat-chip-avatar'}
+  host: {'class': 'mat-chip-avatar'},
+  providers: [{provide: MAT_CHIP_AVATAR, useExisting: MatChipAvatar}]
 })
 export class MatChipAvatar {}
 
@@ -92,10 +114,12 @@ export class MatChipAvatar {}
  */
 @Directive({
   selector: 'mat-chip-trailing-icon, [matChipTrailingIcon]',
-  host: {'class': 'mat-chip-trailing-icon'}
+  host: {'class': 'mat-chip-trailing-icon'},
+  providers: [{provide: MAT_CHIP_TRAILING_ICON, useExisting: MatChipTrailingIcon}],
 })
 export class MatChipTrailingIcon {}
 
+
 /**
  * Material design styled Chip component. Used inside the MatChipList component.
  */
@@ -165,14 +189,17 @@ export class MatChip extends _MatChipMixinBase implements FocusableOption, OnDes
   /** Whether the chip list as a whole is disabled. */
   _chipListDisabled: boolean = false;
 
+  // TODO: Remove cast once https://github.com/angular/angular/pull/37506 is available.
   /** The chip avatar */
-  @ContentChild(MatChipAvatar) avatar: MatChipAvatar;
+  @ContentChild(MAT_CHIP_AVATAR as any) avatar: MatChipAvatar;
 
+  // TODO: Remove cast once https://github.com/angular/angular/pull/37506 is available.
   /** The chip's trailing icon. */
-  @ContentChild(MatChipTrailingIcon) trailingIcon: MatChipTrailingIcon;
+  @ContentChild(MAT_CHIP_TRAILING_ICON as any) trailingIcon: MatChipTrailingIcon;
 
+  // TODO: Remove cast once https://github.com/angular/angular/pull/37506 is available.
   /** The chip's remove toggler. */
-  @ContentChild(forwardRef(() => MatChipRemove)) removeIcon: MatChipRemove;
+  @ContentChild(MAT_CHIP_REMOVE as any) removeIcon: MatChipRemove;
 
   /** Whether the chip is selected. */
   @Input()
@@ -429,7 +456,6 @@ export class MatChip extends _MatChipMixinBase implements FocusableOption, OnDes
   static ngAcceptInputType_disableRipple: BooleanInput;
 }
 
-
 /**
  * Applies proper (click) support and adds styling for use with the Material Design "cancel" icon
  * available at https://material.io/icons/#ic_cancel.
@@ -448,7 +474,8 @@ export class MatChip extends _MatChipMixinBase implements FocusableOption, OnDes
   host: {
     'class': 'mat-chip-remove mat-chip-trailing-icon',
     '(click)': '_handleClick($event)',
-  }
+  },
+  providers: [{provide: MAT_CHIP_REMOVE, useExisting: MatChipRemove}],
 })
 export class MatChipRemove {
   constructor(
diff --git a/tools/public_api_guard/material/chips.d.ts b/tools/public_api_guard/material/chips.d.ts
index 31b434eca948..1ac0c6d338a8 100644
--- a/tools/public_api_guard/material/chips.d.ts
+++ b/tools/public_api_guard/material/chips.d.ts
@@ -1,3 +1,9 @@
+export declare const MAT_CHIP_AVATAR: InjectionToken<MatChipAvatar>;
+
+export declare const MAT_CHIP_REMOVE: InjectionToken<MatChipRemove>;
+
+export declare const MAT_CHIP_TRAILING_ICON: InjectionToken<MatChipTrailingIcon>;
+
 export declare const MAT_CHIPS_DEFAULT_OPTIONS: InjectionToken<MatChipsDefaultOptions>;
 
 export declare class MatChip extends _MatChipMixinBase implements FocusableOption, OnDestroy, CanColor, CanDisableRipple, RippleTarget, HasTabIndex {