Try disabling sprite compression, that fixed it for me.

I had to roll back to 15.x to get the game so load so I could edit the settings.

I get the same issue. I found a workaround.

Nvidia GTX 970 (I did modify the firmware to run at a lower voltage, but I did this 3 years ago and I haven't had issues in more taxing games)
AMD 955t quad core
Windows 7 x64 home
8GB ram @ 1333Mhz
I DO have cygwin installed even before factorio. I saw ...