RDNA2's memory bandwidth requirements are relatively low because of Infinity Cache. Assuming there's a third I/O chip (large but cheap 12nm GlobalFoundries ASIC?) that takes in most of the non-compute related parts like PCIe, display output, video codecs, GDDR6 PHYs, etc. then at 5nm the main GPU chips could even increase the relative amount of L3.
I wouldn't be surprised if 160CU Navi 31 got away with a 384 or 320bit wide GDDR6 bus, especially if it uses 18Gbps chips.
They could also adopt HBM3, where the lower chip in the stack could be that same I/O chip along with
die-to-die communication, which would forego the necessity of an interposer. 2x HBM3 stacks at the predicted 512GB/s each would provide 1TB/s total external bandwidth.