A xenon tube is a spark gap. If there's anything in this world noisier than a spark gap, I don't know what it is. I think the first radio transmitters were spark gaps. The energy flies thru the air, and is coupled onto the power line. The power supply doesn't cope well with the oscillations, and hiccups. I see the notes about U16 being photosensitive, but if it is a black epoxy like most IC's, I'm not buying that lig…
https://blog.adafruit.com/wp-content/uploads/2015/02/Pi_II_t...
U16 appears to be in a WLCSP package (and others have noted that it is "shiny", which would also agree with the typical appearance of one), and WLCSPs do not have much of a package - they're essentially bare die that have had solder bumps attached to their top surface, and are mounted upside-down ("flip-chip" style) onto the PCB. It won't take much light intensity to cause photoelectric effects on a WLCSP.
More info here: https://ez.analog.com/docs/DOC-2357