System cannot boot with Dell RAID controller firmware 50.5.0-1750

Issue

System unable to boot with Dell PERCH740P Adapter firmware which is 50.5.0-1750

Below error message observed during boot

[    3.654214]  i8042: No controller found
[    4.589642]  DMAR:  DRHD: handling fault status reg 2 
[    4.458870]  DMAR:  DMAR: [DMA Read]  Request device [04:00.0]  fault addr ffe00000
[    4.459179]  DMAR: [fault reason 06] PTE Read access is not set