My bad. I think i didn't explain myself clearly.
(I was just comparing Zen 4 -> Zen 5 vs RPL -> ARL. Thats all)
What I was trying to say was, AMD is going from Zen 4 to Zen 5 (say N4 to N4P), and the density increase is non-existent. So, the transistor budget remains the same. The only way to increase IPC is to re-architect with the same amount of transistors (assuming the die size remains the same).
And Intel is going from RPL to ARL (say Intel 7 to 20A), the density increase is from 100 MTr/mm2 to around 300+ MTr/mm2. ARL gets 3X the transistors for the same die area.
Intel can shrink the ARL die to save cost, but I don't think they'll do that. I think the ARL die is gonna get a significantly higher transistor budget compared to RPL, And those excess transistors can easily be used to increase L2/L3 caches in the cpu tile or even increase core logic for more performance.