A new presentation for investors published on AMD's website debunks this rumor. One of the slides confirms the Zen 3 based processors will be made on 7nm. The first 5nm CPUs from AMD will use the Zen 4 architecture. AMD also confirms that RDNA 2 is made on 7nm and that RDNA 3 will be made on an unnamed, "advanced node".
According to AMD's slides (PDF), RDNA 2 will deliver a 50 percent uplift in performance/Watt. AMD's own metrics claim a similar difference between GCN and RDNA.
Via: Hexus