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BQ25703A: Charger doe not start up with 5V input and 0.5A ILIM setting

Part Number: BQ25703A

With 2S setting, the charger output is expected to be 6.12V with no battery and no system load. But with the ILIM pin set to 0.5A, and charger input voltage at 5V, the output does not build up beyond 3V. 

EVM also shows the same behavior.