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However AMD and Nvidia still make the actual GPU and supply the board partners with them, it's only been in the last decade (broad guessing of time lol) really that the GPU manufacturers directly compete with their own partners, at least from what I can remember so don't quote me on that as I'm not completely sure about AMD's GPU division when it was still branded as ATI shortly after AMD bought them out.
Even though they compete the board partners typically provide the better GPU's but Nvidia and AMD both release their own Reference cards or "founders Editions" first then providing board partners with theirs, mainly on flagship / high end card releases. So they only compete for the first month of so and get those initial sales from die hards, then board partners come in and swoop the sales with the better performing cards due to the custom PCB's / cooling and overclocks.
https://www.computerbase.de/2016-06/radeon-rx-480-test/4/
https://www.tomshw.de/2016/06/29/amd-radeon-rx-480-polaris-10-gpu/3/
(It's in German but shouldn't matter, you can see it also on the pictures).
The RX480 had also the "problem" with too much load on the 12 V over PCIe slot on some designs (even reference), didn't made problems with most boards but violates PCIE specs.
That was one reason why I've bought the Asus ROG Strix 480, keeps in specs and has a good cooler.