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I think people are kidding themselves if they think this wasn't big Navi being shown off (as some still believe) - I'll concede it is possible it isn't the biggest of big Navi (though I have a lot of reasons to doubt that) - but they'd have to have pulled off a miracle to get this kind of performance out of the kind of silicon that would be commercially viable as a Navi 22 type part - the physics just don't work.
For instance a lot of their 50% perf/watt improvements will come from things like more optimised input to setup engines allowing lower power draw at the same performance, the ability to better gate power usage on unused parts of the GPU during processing, etc. which might allow for a small reduction in area and a small improvement in frequency but it is going to be single digit percentage type stuff versus the 10s of percent for reduced wattage.
https://www.pcworld.com/article/3585090/amd-radeon-rx-6000-big-navi-performance-tease-rtx-3080.htmlMost importantly, Herkelman stressed that AMD didn’t state which Radeon RX 6000 graphics card ran these benchmarks. We don’t know whether these results come from the biggest Big Navi GPU, or a more modest offering. (Herkelman also said there’s still fine-tuning left to do before launch.) AMD’s Ryzen 9 5900X, the CPU used for the tease, also hasn’t been tested by independent reviewers.