In particular, while I'd enjoy such a device, Apple's whole thing is their whole-system integration and charging a premium because of it, and I'm not sure the markets that want to sell people access to Apple CPUs will pay a premium for a 1U over shoving multiple Mac Minis in the same 1U footprint, especially if they've already been doing that for years at this point...
...I might also speculate that if they did this, they'd have a serious problem, because if they're buying exclusive access to all TSMC's newest fab for extended intervals to meet demand on their existing products, they'd have issues finding sources to meet a potentially substantial demand in people wanting their machines for dense compute. (They could always opt to lag the server platforms behind on a previous fab that's not as competed with, of course, but that feels like self-sabotage if they're already competing with people shoving Mac Minis in a rack, and now the Mac Minis get to be a generation ahead, too?)