Esphome examples just give blank screen , error while compiling

[nishithdev]

I have a CYD that is working fine for other projects, recently I was trying to install espHome and load example configurations from here
https://github.com/witnessmenow/ESP32-Cheap-Yellow-Display/blob/main/Examples/ESPHome/1-Helloworld/yellowtft1.yaml

even for the basic ones like Hello World, I see the following error while flashing, https://github.com/witnessmenow/ESP32-Cheap-Yellow-Display/blob/main/Examples/ESPHome/1-Helloworld/yellowtft1.yaml

[16:27:42][C][ili9xxx:118]: Invert colors: NO
[16:27:42][C][ili9xxx:121]: => Failed to init Memory: YES!
[16:27:42][C][ili9xxx:123]: Update Interval: 1.0s
[16:27:42][E][component:082]: Component display is marked FAILED
[16:27:42][C][light:092]: Light 'Display Backlight'
[16:27:42][C][light:094]: Default Transition Length: 1.0s
[16:27:42][C][light:095]: Gamma Correct: 2.80
[16:27:42][C][captive_portal:089]: Captive Portal:

Has anyone faced similar issues?

Yes, I have added invert_colors: false.