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I have an aging HP computer that has a ASUS MEW-VM motherboard in it. The computer currently has a 500MHz Celeron CPU. I'm interested in upgrading the CPU, but I need a BIOS upgrade to support the new CPUs.
If I were you, I'd get a new BIOS chip, have it programmed with the ASUS BIOS, and keep the board in observation for a while.
Probably it's 100% compatible.