That's because AMD dragged their feet with this. They should have launched Navi much sooner.
and never released RX 590 and Radeon VII GPUs.
RX 5700XT and RX 5700 were cards meant to combat the RTX 2060 and RTX 2070.
AMD still hasn't offered anything to compete with the RTX 2080, now RTX 2080 Super, and RTX 2080Ti.
Well that's the issue with being a small company - they are not large enough to support 2 main products, they either need to be a CPU company or a GPU company - Both of those areas have major 900# competitors, and with Nvidia - GPU is really their only products - not much R&D went into the Tegra systems, so 90% of their R&D budget is GPU focused.
With Intel coming into the GPU market (and don't get twisted, Intel learned from the i740 era and is not making the same mistakes - and will be a major player - and the only real competition that Nvidia will have in the compute GPU market)and with it's issues with 10nm well behind them, this is the 2nd Netburst moving into Core once again - and we know how that worked out for AMD - oh yeah, FINALLY 2 years ago they delivered something remotely competitive...
I don't find Su that impressive - basic level stuff - their previous CEO was a dumpster fire - but when you have nothing to begin with, and after selling off what became GF, and the IP to China, and who knows what else to simply keep the lights on. 2 people were largely responsible for what AMD is today - Jim Keller and to a lesser degree Raj... Keller's designs are all in the market - they have nothing large left - Each generation of Ryzen is just a small iterative change - the move to multi chip modules (chiplets is an AMD marketing term for something that has existed since the early 80s) was more from a point of necessity (Ms Su is not great with contracts, and with a simple contingency clause in the GF wafer agreements, she should not have had to make lemonade out the lemons she had) - they were paying for the GF silicon whether it was used or not - that is where the i/o die came from.
What AMD delivers is amazing marketing materials and superfluous cores that 1-2% of the user base will use, and the other 1-2% that do nothing productive and just run benchmarks. Kinda like having a 3000HP car and you only drive in NYC... Looks cool, bragging rights, but not translated into sales. ..
If anyone thinks that Intel is suffering - they are not. They would rather have a strong AMD - it tends to stave off the "but but but monopoly" charges... Intel knows the datacenter market, they know their customers, and are delivering an ecosystem that includes CPUs, GPUs. FPGAs. Optane SSD, Optane DIMMs (that one should scare the living hell out of AMD) not to mention a leading role in Copper and Optical networking and technology. AMD sells a CPU and a GPU... how impressive.
The Vega VII was a panic move - they had just sent Navi back to the drawing board and needed something to fill that keynote address... Hence the rebadged, limited numbers VII - a re-purposed lower end Instinct card (sold in limited numbers because they were losing money on every single unit).
No they don't have anything to compete with the 2080s - their competition is Pascal - a previous gen design, just like the Navi - no next gen features (funny how everyone thought RT was a joke, and now you all think that AMD will put out a card that can do what the RTX2080Ti can't...) and now it's on everyone's mind - the APUs going into the next gen consoles- you all missed the slide that said the full screen real time RT will be done IN THE CLOUD.. so why do you think it will be any better on the mythical "Big Navi"?
So AMD needs to make up it's mind whether it is a GPU or a CPU company - it does not and will not have the resources to do both. Ms Su expected the Ryzen 1 to do OK - and I think she achieved that - but expected the Ryzen 2 (Ryzen 1 refresh 2000 series) to do much much better - as she did with the Ryzen 3 (3000 series) - and neither of those have been the resounding success AMD needs to fund a respectable R&D dept... So now the next great hope, the nail in the coffins of Intel and Nvidia - the 4000 series Ryzen and "Big Navi" - are likely to follow the same trajectory - fanfare from the marketing consuming masses and little to no uptake in the market. That is the story of Ms Su's AMD - great press, not so great sales.
TSMC, after getting so much wrong, finally got something right and is just as likely to blow it again - as is their track record - but that is their success, not AMDs. Intel after getting it almost all right, skipped a beat and stumbled a bit (and AMD still was unable to capitalize on that once in a generation opportunity), and looks to be well back on track. If you think they are not, you are clueless.
FWIY - I built a 1700x when they came out, built a 2700x when they came out, and currently have a 3950 base system... 1700 was given away, still have the 2700x (about to be donated to my bro in law). I have a 5700XT in the 2700X and VII inthe 3950. Good Systems - with support from higher end motherboard vendors (unlike the Athlon XP and the Biostar motherboards) they are competitive - but not nearly enough to dislodge the i9900K / dual 2080Ti in our gaming systems. Fact is you should build what you want / can afford and be happy with it - at any rate you are talking about a scant few % points difference. But don't fall into the "evil corporation" BS - All corporations exist for 1 single solitary purpose - revenue/profits for the shareholders. AMD is not evil, Intel is not Evil. Facebook IS evil. and Nvidia is not evil.
Enjoy the fleeting time in the sun, it will be coming to and end soon.