VMware ESXi 7.x
VMware ESXi 8.x
This is a third party compatibility issue, not a VMware issue.
Ref: https://access.redhat.com/solutions/6833751
This error happens when the virtual hardware doesn't have the CPU requirements to run RHEL 9.
Usually it will happen if attempted to run the RHEL9 on older hardware or upgrading a VM that was live migrated from an older host (where it obtained an older EVC level) to a newer host but didn't get the power cycle to obtain the new CPU features and new EVC level required to RHEL9 (Older models such as Merom and Penryn do not provide the minimum requirements of RHEL9).
Check the correct EVC level for the VM on: https://knowledge.broadcom.com/external/article/313545/
Note that the issue is related to third party and the Red Hat link requires login to access.