Earlier quoted context omitted.
Most SOCs are trimmed for cost, which means cheap manufacturing. Especially the system on a chip design for single board computers. Even RPI5s with the Broadcom BCM2712 which is super high volume is 16nm. If they manage to get 5nm in 2026 at low cost than that's the path to take the SOC crown. This could even lead to RISC-V SOCs/SBCs at RPI power and price tag (yeah, still dreaming).
Energy efficiency, high performance, low cost per IC: pick 2.
High performance per watt, why not all three? Smaller transistors take less power to switch, so they likely can be run at a higher frequency without thermal issues. (Of course, a lot of other design considerations apply.)