this post was submitted on 17 Mar 2025
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That's a CH340G, it has an in-built 3.3V regulator. But there is no external regulator on the board.
Maybe the chip is running off its internal 3.3V, but the board designers put a tie-up resistor on one of its pins to 5V, which results in the weird 3.9V. Dunno. Try attaching a 1K resistor between that pin a GND, see if that makes the problem disappear.