Hi:
There is no W7 driver for that device...you have to manually install the XP driver.
First, download and save the driver file, but DO NOT run it.
This SoftPaq contains the Flash Media Connectivity Driver for Memory CardBus Technology for the notebook models and operating systems listed below.
https://ftp.hp.com/pub/softpaq/sp25001-25500/sp25081.exe
Then download and install this free file utility. The 1st link at the top of the page is for 32 bit.
After you install 7-Zip, right click on the driver file you saved.
Select 7-Zip from the list of items on the menu.
Have 7-Zip, extract to: and let it extract the file into its folder name (sp25081).
Once that is done, go to the device manager.
Click on the Base System Device needing the driver.
Click on the driver tab. Click on Update Driver.
Select the Browse my computer for driver software option and browse to the driver folder that 7-Zip created.
Make sure the Include Subfolders box is checked and the driver should install.
Then restart the PC.
Here is a partial copy and paste of the contents of the driver setup information file that shows driver support for the hardware ID you posted. Often times you can use XP drivers on W7 and they work fine.
[SourceDisksNames]
1=%INSTDISK%,,,
[O2Micro]
%DESCRIPTION%=DriverInstall,PCI\VEN_1217&DEV_7110