Cost of console in general is correlated to die size and production yields (based on die size, power consumption/heat) , the key to this 7nm,
hell 16nm was disruptive enough to not be ignored that it prompted the very existence of the PS4P/XB1X.
Going from 16nm to 7nm is two generational leap (16nm/14nm to 12nm/10nm to 7nm/6nm).
What we currently know: https://i.redditmedia.com/Cw8VChXEvk7hL9oqPZ_eI22alAWePDXIPyHB3_9rA3w.png?s=4ab376b1f72799e6f540357cc78098ed
8-core 16-threaded Ryzen CPU is around 213mm^2 @ 14nm 8-core Ryzen at 2.9 Ghz draws 30W of power at full load under a Raytracing benchmark @ 14nm (Zen is a very power efficient beast).
Apply a node shrinkage from 14nm to 7nm is about 3-4 times the transistor density. A rough hand estimation of a Zen2 (which is a tweaked Zen at 7nm) should put it around 74 mm^2 to 53mm^2 (or even smaller with circuit optimizations (cutting-out unnecessary components in the die).
On the otherhand power consumption of a Zen2 core @ 2.9 Ghz should be about 8-10W of power draw due to node shrinkages.
............
Now what we know about Vega64: Die size is 464 mm^2 @ 14nm with a power draw of 240W @~1156 Mhz (~10 TFLOPS FP32) Applying a die shrinkage to 7nm should put it around ~157 mm^2 to 116 mm^2, with a power draw of 80W to 60W.
On the other hand a GDDR6 RAM/MEM-Controller should have double the RAM due to double the transistor density.
An MCM/APU layout of a hypothetical PS5/XB2 with 8 Zen2 Cores and a 64 CU Vega/Navi GPU @ 7nm would put it around a net dize size of around 231 mm^2 to 169 mm^2 with a power consumption of around 90W to 68W respectively.
To put that into perspective:
8-core with SMT Zen2@2.9 Ghz + Vega/Navi64@1156mhz(10 TFLOPs) @ 7nm: 169 mm^2 -231 mm^2 with a 68W-90W power draw
8-core with SMT Zen2@2.9 Ghz + 2x-Vega/Navi64@1156mhz (20 TFLOPs) @ 7nm: 285 mm^2 - 388 mm^2 with a 128W-170W power draw
PS4 APU @ 28nm: 348 mm^2 with a 137W power draw
XBO APU @ 28nm: 364 mm^2 with a 107W power draw
PS4Pro APU @ 16nm: 321 mm^2 with a 155W power draw
XB1X APU @ 16nm: 360 mm^2 with a 172W power draw
PS4-PS4P Price: $399 XBO-XB1X Price:$499
With optimization in circuit layout and clock speeds, the die size/yields and power efficiency can even be better.......
Conclusion: a PS5/Xbox-2 with ~15-20 TFLOPs GPU with 2.9 Ghz 8 Zen2 Cores with SMT on a 16GB GDDR6 is within reason due to the 7nm being a very disruptive technology intrinsically speaking.....
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