Well, if the monolithic die replaces both Pinnacle Ridge and Raven Ridge like how it works with Intel it can work. You'll have an iGPU that covers mobile to $400 desktop chips. Then you make an HEDT chip by using the EPYC die and chiplets to get many cores.
This was also
my initial guess. Now that we know that the chiplets do not require an interposer, I'm not that convinced! Especially because of the aforementioned timing issue of 7nm Navi coming later.
Right now, I'm more leaning towards them doing
both for AM4. That's because:
Doing a 12-16 core chiplet design for AM4 would take nothing away from the theoretical 8-core monolithic APU. But it would allow:
1. AMD to have a clear advantage on mainstream socket over Intel in heavily threaded apps (or streaming), that would otherwise just be a about a draw (at best).
2. It would allow them to release a 8-core APU later down the line, not having to "wait for Navi"™, or releasing it with Vega.
3. They could still release the monolithic APU later, when it's ready. Or even design the APU as a chiplet design with 3 chiplets (1x8-cores, IO, GPU) though I doubt they would go as far.
I mean, It'll be quite hard to beat (or match) Intel on desktop in absolute performance with just a 8-core. Yet, as we've seen from EPYC, they could fit up to 16 cores into the same power envelope with similar clock-speeds. Yes it would be somewhat BW limited, but no more than the 64 core epyc or 32 core Threadripper (and faster memory support could mitigate some of that).