For those people who use Windows, I'd like to suggest to use HWInfo64 instead of GPU-z for this subject.
It's because HWInfo64 gives you HBM2 voltage readings which GPU-z doesn't give you. You'll find that the HBM2 voltage is locked all the time.
The memory voltage field in Radeon WattMan for Vega cards is not the voltage applied to HBM2 stacks, it's the threshold voltage to enter maximum memory state.
You can confirm this by following the steps described below:
1. Run HWInfo64 and start monitoring
2. Open Radeon WattMan
3. Reset WattMan settings and then switch to custom profile
4. Set the voltage control to manual mode
5. Set the GPU frequency by right clicking vertical lines below STATE 1 - 7 On GPU states panel on the WattMan, and then click "set as minimum state", and finally, click "apply"
- Confirm VDDC and MVDDC while doing this step, you'll confirm that MVDDC(=HBM2 voltage) is locked all the time, while VDDC(=GPU voltage) changes with regard to the GPU states
- You'll also confirm that GPU Memory Clock and SoC Clock changes according to the GPU state you set as the minimal state, and that Memory frequency reaches its maximum state when the GPU core voltage reaches the memory voltage value which you can edit in the WattMan
6. Change the memory voltage for memory state 3, say, from 950mV to 1000mV (or to whatever higher than the default value)
7. Repeat Step 5
- You'll confirm that the VDDC value which GPU Memory Clock reaches its maximum state has changed to match with your input
8. Set the minimum state of GPU as state 0
9. Change the voltage for maximum memory state to higer than the voltage for GPU state 7
10. Set the memory state 3 as the minimum state
- You'll confirm that VDDC changed to the max memory state voltage, while GPU core clock stays at idle clock
I believe that this is why the memory voltage you can change in the WattMan is considered as a floor voltage of the GPU, for the VDDC will not go lower than the memory voltage you put in the WattMan, even if the voltage required for the GPU core is way lower than the applied voltage.