MSI states that 7 beeps means "Virtual mode exception error "
Explanation: Virtual mode is one of the different modes
that the processor can run in. The system is reporting an error when testing this mode.
There is a problem related to the processor or motherboard. Note that this doesn't mean that the processor is necessarily dead, since the system won't boot at all with a dead processor.
Not knowing the price of either your processor or the board it is hard to say what to do for the best
AMI Beep Code
DRAMS refresh failure
Parity circuit failure
Base 64k RAM failure
System timer failure
Keyboard controller Gate A20 error
Virtual mode exception error
Display memory Read/Write test failure
ROM BIOS checksum failure
CMOS shutdown Read/Write error
Cache Memory error
1 long, 3 short
Conventional/Extended memory failure
1 long, 8 short
Display/Retrace test failed
AWARD Beep Code
1 Long, 2 Short
A video error has occurred and the BIOS cannot intialize the video screen to display any additional information