I have a Japanese system, it's an early one with svideo and the cast aluminum spindle. Power it on, it makes a constant, terrible screeching noise. I swapped the psu to a 120V one, and it made no difference.
Any hot spots on the motherboard? I'm assuming here that you've got it opened up while having it powered on.
Never even heard of an 11-wire PS1 mdchip. Even if you fix it the discs will slip on that stupid metal spindle, stutter city.
from what I know a screeching noise is when a power line is being grounded, is there a break in a wire that is touching ground its basically an IC that is buzzing
Remove the chip first to debug the sound, that's my personal approach. Unless you're 100% that it's not coming from the chip.
looks like you found the issue, but if you hadn't then I was gonna reply, no reflow needed just need to find the short. in your case a dry solder. A buzzing can be associated with a number of things short of IC or short of capacitor which causes the component to buz as power is going where it shouldn't. usually fixing the short fixes the issue as long as the buzzing component has not fried, usually it does not fry as the power is low and hence the buzzing, if it was to fry it would not buz and instead just out right blow