The P550 pref / area based on Intel 7nm equivalent to TSMC 4nm / 3nm that is better than the ARM Cortex A75 released in 2017 on TSMC 10nm.
Number using Intel CPU's 7nm, normally Custom Foundry of IFS tends to offer lower density but higher flexibility. So this is more like a best case scenario.
I am also suspicious of the Intel 7nm number. There are some possibility this is actually an Intel 10nm renamed to 7nm for custom foundry partners. ( Intel 10nm being equivalent to TSMC 7nm )
[1] https://www.anandtech.com/show/16777/intel-licenses-sifives-...
For example, the exact same verilog, on the same process node at the same foundry, can synthesize to very different areas depending on the standard library used. They come in a lot of varieties with a lot of different trade offs.
For even more detail, the SkyWater130 node, which has been popular on HN lately and is public so we can actually post links to it, has 6 different mappings that are possible. Note, some are called high speed, or high density, etc. You get the idea.
https://skywater-pdk.readthedocs.io/en/latest/contents/libra...
And you are not 'supposed to' care. You can care if you want, and ignore it if you want. So I don't really get your attitude here.
Remember, RISC-V doesn't have to beat ARM -- only come close enough that the price differential outweighs the performance difference. This is already happening on the low-end end and it's only a matter of time (IMHO) before this becomes reality on the high-end too.