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SMC_ADAPTER_EN 3.45v
PM_BATLOW_L 0v
3V3_S5 3.32v
3v3 SUS 0v
No pulse on PM_SLP_S4_L, at least none that my multi meter could pick up. Toggled SMC ON/OFF, no change.
PCH will not start power on sequence untill PM_BATLOW_L goes high.
Any history available?
You may need to replace SMC, or reflow it at least.
Check S5_PWRGD signal, as PM_DSW_PWRGD and PCH_DSWVRMEN too.
Check SMC_BATLOW_L.
If high, then should be PCH issue, pulling down PM_BATLOW_L.
In such case use good flux and heat PCH.
You may have luck and is only some crap under...
Try to start in SMC bypass mode, just in case.
Also try to start with battery and charger, both connected?
Not normal, but is possible that PCH blocks the SMC and this keeps SMC_BATLOW_L low.
Can you confirm with o-scope 32KHz square wave output from U2800?
Frequency meter is also good enough.