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EricHiggin said:

That's assuming it will definitely be on 7nm, and also assuming PS would rather focus on the absolute highest performance possible, without taking the console design and cost into account. PS4 could have squeezed out more performance if they would have made the shell, PSU, and cooling system larger, but they decided to go straight to 'slim' at launch and have the console sound like a runway sometimes.

In all honesty it probably will be on 7nm and with the whole logic foundry industry transitioning to EUV lithography which makes it even more likely since there will be some long term cost saving to be had ...