There can be different symptoms such as described below:
OR
Below log is visible in the logs of previous virtual machine boot i.e. vmware-1.log
Expose large BAR for the device in the next vmx boot
OR
UPT was requested for the vnic but guest is running vmxnet3 driver which does not support UPT
The issue is specifically seen on Windows Virtual Machines.
The issue is resolved in ESXi 7.0.3 release.
To workaround the issue you can follow one of the options listed below:
Ensure that VMTools 11.3.5 or later is being used, and all components (like WinPE image) are also using 11.3.5 or later version.
OR
The issue can be avoided by applying below configuration in advanced setting for the Virtual Machine:
Right-click the virtual machine and click Edit Settings.
Click the VM Options tab.
Select Advanced.
Click the Edit Configuration button.
From the Configuration Parameters window, click Add Configuration Parameters
vmxnet3.disableLargeBAR = "TRUE" in attribute and value respectively.