During an interview with The Street, AMD CTO Mark Papermaster promised a whole new portfolio of Radeon products to be released over the year.
AMD Radeon Refresh
Mark Papermaster confirmed that AMD is not abandoning the mid-range market with their 7nm architecture. The company will unveil more Radeon products over the year.
We are really excited to start on the high end with our 7nm Radeon VII […] and you will see the announcements over the course of the year as we refresh across our Radeon program.
— Mark Papermaster
This means that AMD is more than likely to launch new entry-level and mid-range products based on 7nm architecture. It is likely that the company will start with the entry-level, as Radeon RX 590 is a relatively a new product, although still based on dated Polaris architecture.
It is also possible that these new products will utilize Navi architecture, which may focus on cheaper memory technologies such as GDDR6.
Source: The Street
Many thanks to Dmitry for the tip!