Royce will detect it when he scans the chip and attack you instead. The latter is the only path you can take if you want to sleep with Meredith as a Cyberpunk 2077 Romance option later on.

In the main Cyberpunk 2077 The Pickup job, you'll have the decision whether or not to call Meredith Stout. If you use her chip (with encryption still intact) to pay for the Flathead robot ...