Your story is missing a few little known facts.
First, it's. Its not one chip, it's thousands each so small as to be invisible to the eyes. Also the chip is mobile, and can be directed to go to any part of the body they wish. Then there's the tiny explosive charge each chip carries. Not large enough to do crazy sci-fi movie stuff like blow your head off or anything, just enough to damage a few dozen cells at a time. But with thousands of them he could lobotomize you. Or worse, sterilize selected members of the population. But it's only in the republican version of the vaccine. The Democratic version is clean. They're watching who you vote for, so keep that in mind, tRumplings.
Would you get this?
Coincidence it fits nicely into a vaccine syringe, and all world governments are on a push for mandatory vaccine for a puny 99.8% survival rate virus.
You won't have a choice, if you want to go food shopping, travel, or just about anything else. Why push history's all-time greatest scam, at great expense, if all someone needs to do is say "no?"