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computronium means "A mineral that performs computation". This is a bit more specific that saying the die because there are unused areas on a die as well as areas where it is just wires fanning out to match the socket, these do not produce as much heat as the working material of the microchip.

And thus Apple declares itself for the low end market. System on a chip is nothing new. Low end CPUs have had intigrated graphics since the 90's. The problem is that it doesn't scale up well. A heat bottleneck will never allow a SOC to match a modular system system with far more surface area...