I would suspect a power supply fault, and not a chip like that.
If it's turning itself on and off repeatedly, it might be in some sort of "hiccup" mode caused by a fault in the power supply. Usually, if something is shorted (or there is some sort of overload) in the switch-mode power supply, the PWM controller will effectively turn off the supply until the fault goes away and then restart again.
First check if anything looks burnt, then check the output capacitors. See if they look visibly bad. If they look fine, they still might be bad. If you can, you should take them out of circuit and measure them with an LCR/ESR/multimeter. Might want to see if any power transistors look shot, or the diode on the secondary.