And if its F9 currently, what would the issue be?
If you are already on the newest BIOS then it's probably a bad chip. If the BIOS update doesn't do it, try resetting CMOS after installing the i7 (instructions in your manual). Other than that, you can try the i7 in a different compatible motherboard to fully determine whether the chip is bad. It could be a DOA chip, but the next thing to do is make sure your board has a compatible BIOS.