Penny wise, pound foolish.Its no point spending 100s of millions of USD on R and D,test production,etc for all that effort to be wasted because the cooler is a POS. Its literally throwing away sales over the 12~24 month product lifespan.
Just looked at Hawaii vs GK110 performance using TPU's figure for TW3:
And due the poor launch (aided by Nvidia helping to set the narrative the 290X being hot and loud), the 780 Ti sold a lot more.
Ironically, (at least for TW3) the perf/watt actually ends up favouring Hawaii.
Plus that was the last time, AMD outperformed Nvidia with a smaller die (561mm² vs 438mm²).
The 780 Ti aged really badly.
You'd almost suspect that Nvidia gimping on VRAM isn't about the penny pinching on the BoM but to ensure the cards don't age well.
Since designing a GPU is a fixed costs as are the masks (a set of mask for 7nm is meant to cost 10s of $million now), unless AMD are really wafer constraint their new "don't be seen as the budged brand - set high prices" policy is probably hurting them a lot.
If they have wafers, they only reason to favour low sales with high prices is to please shareholder.
More precisely, short-term shareholder but that is probably most of the big ones as short-termism is rife.