The new Radeon VII otherwise known as Radeon 7 is a revamped Vega graphics card, where at the end of the day it's just a Radeon Instinct MI50 accelerator that was released in November last year. We have the same Vega 20 GPU on the fresh new 7nm node, the same 16GB of HBM2 memory, and similar GPU clocks to the new Radeon VII graphics card.
Since the announcement I reached out to some industry contacts who said there will be "less than 5000" made. The same source said AMD is losing money on each card sold as they are, as I said before, just Radeon Instinct MI50 cards that are being re-purposed into 'new' Radeon VII cards.
The improved cooler will keep it cooler than the Radeon Instinct MI50, while the same 300W TDP applies. Even the Radeon Instinct MI50 performance falls between the GeForce RTX 2070 and RTX 2080, while the new Radeon VII has performance that equals and will sometimes (higher resolutions like 4K and beyond) beat the RTX 2080.
https://www.tweaktown.com/news/64501/amd-radeon-vii-less-5000-available-custom-cards/index.html [tweaktown.com]