Ok, regarding transistor densities, I have a few questions:
A comparatively lower transistor density in the 7970 explains why AMD has had better yields and could get to market months ahead of Kepler, right?
Does this also explain why the 7970 can overclock so well, and in comparison why we shouldn't expect Kepler to proportionately overclock as much, right?
Not saying it's a bad chip, it could end up thrashing the 7970 for all we know.
No. If you simply take greater spacing between transistors it still depends on things like the amount of resistive coupling between them, and many more factors. The clock speed of a circuit is determined by too many factors to simplify it down like that. But the greatest contributor to higher clocks is feature size. The smaller the features, the higher the max attainable clocks.
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