The chip is a symptom of overall road driving. The flaking paint is potentially a result of unwaxed and under-protected paint?
As others have stated Christiaan, grab some high grit (600+) sand paper and address the small area that is flaking. Either have some primer paint ready, or grab some color specific touch up paint from the stealership.
Gently sand the area until it is smooth and the outer edges of the paint flake area blend with the inner surface. You may go down to bare metal...don't let this freak you out, it happens.
Then take some alcohol, or spray carb cleaner on a rag and apply to the sanded area. This cleans up any dust or sanded particles so the paint will adhere to the prepped surface.
Let that dry for a bit.
Wipe with a dry cloth before you spray or apply the new paint.
If there is bare metal from the sand paper prep, mask off a square bigger than the sanded point.
Practice with the rattle can primer on the side of a large cardboard box. Even left to right spray patterns are best...try not to sweep in a bat swing motion. This will cause drips as your spray pattern will be too close as your arm hyper extends and then sweeps away at the end of each spray pass.
Once you have the spray pattern nailed down with the practice box, time to head to the hood.
Rattle can is always going to leave an "orange peel" look, BUT this is better than the open wound of the paint flake spot, which will eventually turn to rust, then a hole, and then you are buying hood louvers like CarJeep.
OR...if you go with the touch up paint from the stealership, use the applicator brush (like nail polish, but thicker) to apply even strokes.
Again, practice with this applicator on a paper plate or smooth surface similar to your hood will help you get the feel before you actually hit the real thing. Touch up paint is thicker, and less is more is definitely the phrase of the day when working with this stuff.
Also, letting it dry after each application and then going back and hitting the thin spots will help make it look better.
Keep in mind, neither of these treatments for your paint chip/flake area will look "factory," but that isn't the point here. Besides, you're just going to cover it with dust/dirt soon...right? Or, just drive faster and don't stare at the area.
I used rattle can Rust O' Leum on the Ghost several times to keep the elements and rust at bay. The first time you sand on your rig is a lump in the throat moment...a bit like drilling holes in the roof for a roof rack. But, with a little practice and
patience...yes, I said
patience...you will get the hang of this and have your rigs finish up and protected in no time.
Good luck, shoot me a text if you need more help.