Chip on motherboard blew up

So last night I finished putting together a new pc just to find when all the parts were connected it wouldnt switch on. I have an Asus mobo P8Z68-v/Gen3 powered by an OCZ ZS 750W PSU. So I double checked the connections and everything and I decided to leave the power connected for a while to see if there was any difference. A couple of minutes later there was an intense burning smell and smoke coming from the motherboard so I switched everything off. After reconnecting the board to the psu I tried to swith the system on and boom! there was a loud noise spark and smoke from the mobo and I discovered that a chip blew up! Any ideas were the problem is ? is it the psu or just a faulty mobo
Any ideas ? Thanks



PS: There is a power switch on the mobo which blinked red before the burning smell and stayed lit red after the incident.

More than likely there was either a short on the Motherboard itself or something shorting the MB to the Case.

Is it possible its not covered by the waranty ?

did you use the motherboard standoffs?
sounds like a short circuit to me

I'd remove the MoBo and check for burn marks on the backside. Sounds like it shorted to something, a loose screw or the case. You say the computer wouldn't turn on intitally. Didn't that give you a clue? It's pretty hard to screw up PSU to MB connectors as every plug is keyed to a particular mate on the MB. Maybe you can RMA it to either the vendor or Asus.

i tried to turn it on without the RAM memory, and itdidn't beep either, which menas is not the ram, and i confirm it was inserted propely.