AMD EPYC 9654 's Advantages
Higher specification of memory (4800 vs 3200)
Newer PCIe version (5 vs 4)
Larger L3 cache size (384MB vs 64MB)
More modern manufacturing process (5nm vs 7nm)
AMD EPYC 7203P 's Advantages
Released 10 months late
Higher base frequency (2.8GHz vs 2.4GHz)
Lower TDP (120W vs 360W)