Earlier quoted context omitted.
Device drivers don't usually need to be updated unless the driver interface changes (i.e. when you update the Linux kernel) or the driver needs to be updated to accommodate quirks of new software (i.e. graphics drivers and new video games). They probably do want to be getting the latest security patches to the kernel and base OS.
I remember the creator of CopperheadOS claiming the "Nexus 5" (which is EOL) is not secure because of hardware (baseband?) vulnerabilities that wouldn't be trivial to fix. Citation: https://twitter.com/DanielMicay/status/1058103333414522880
I assumed Android ROMs carry a fully fledged distribution, including the kernel and firmware. Sure, the latter might be out of date.
When I tried digging into the question "where does this so-called open source come from", I stumbled upon Kernels that basically have one commit adding the whole blob.
Is the ROM merely the application software built for a target kernel (which is persistent on the device)?
I've hacked around with Kernel modules on Android before, but miss the big picture in that regard.
Edit: especially the new update infrastructure (treble?), Does it change anything here?