I have alot of experience fighting against hit-and-run chipp players...but I don't have that many tips, really. Maybe 2H, 5D, dust combo against a running in chipp...I mean, worst case scenario if blocked?
Like 4r5 said, you hit him hard. Just be cautious and make sure you nail your combos, because you can basically kill chipp if you land a hit on him twice.
I also like to throw out a coin if chipp does teleport FRC. If he teleport FRCs in front of me, he gets coined. If he gets behind me I will either throw a coin, or accidentally Jackhound from the crossup (depending on the timing of my input), which at least puts me in a safe position.