This message was posted on behalf of Intel Corporation
Have you provided this information to ASUS? Intel® Processors allow for minor software updates from within the motherboard BIOS specific to the processor; however, my recommendation in this case to resolve a microcode update error or a possible bug would be to contact the system or motherboard manufacturer for the appropriate information. Once they have checked this information and if the issue persists we can continue from there. It is important that ASUS as the computer manufacturer of the BIOS can check this scenario in case they have some reports or possible workarounds.
Thank you very much for the reply. I just checked Asus' website and there was a new BIOS 3301 released at the end of July that I wasn't aware of. This has fixed the problem as it updated the microcode to 38h. I am surprised that this issue has persisted for almost a year as the people most likely to run at stock settings and hence encounter this issue are those who are less versed with computers. I, however, am just glad that the problem is now fixed.