One of my users was experiencing the same crash. I installed the beta version of the Intel HD driver (Beta 22.214.171.12404, dated March 11, 2016) and that seems to have cleared up the issue. If I'm reading the release notes for the driver correctly, it should work with your Zenbook as well. I'm retyping all the details here so that hopefully other Googlers will find it.
Error: VIDEO_TDR_FAILURE (igdkmd64.sys)
System experiencing crash:
Core i3-6100, HD 530
Windows 10 Home 64bit
Normal warnings about beta software apply, but I hope this helps.
Even if you get past this hurdle, I think that you're going to find running Premiere Pro CC very frustrating on an Asus Zenbook UX305UA!
- Skylake i7-6500u; only dual core - marginal
- no hardware GPU and not upgradable - really limited, especially trying to push a 3200x1800 pixel display!
- 8GB of RAM - marginal and not upgradable
- 512GB M.2 drive - just fine, but a fast drive will not carry Premier Pro by itself
- upgrade to an overall stronger system; at the same size and a bit more weight, there are some decent choices (with quad core CPU, hardware NVidia GPU, and more RAM options); or, at the same price point there are larger/heavier options too with much stronger specs.
- downgrade video editing software to one of the more consumer targeted packages; most of them have less demanding hardware requirements than Premiere Pro CC
I have a brand new HP Spectre x360 with this exact same problem. I can load Premiere Pro CC just fine, but once I start doing anything on the sequence itself, the program crashes and gives me a BSOD with the following info:
Stop Code: VIDEO_TDR_FAILURE
What failed: igdkmd64.sys