Breaking news. Fermi core, clock for clock, core per core, performs an ADD or MUL operation at same speed than Volta and even Polaris. But does Fermi offer same performance than Volta ? of course not.
They are no such concept of IPC gain per core in GPU world. Not from Nvidia. Not from AMD. Gains are from moar cores, higher clock speeds and better core utilization.
Great points. An FMADD unit is pretty basic chunk of logic. They were optimized a long time ago (as soon as there were enough xtors to reduce cycle count to something sane).