We touched on some of this here.
Note that 7040 Series is still a very new platform and AMD’s open source teams will continue to actively develop and improve Linux kernel driver support beyond this specific firmware fix. We’ll keep updating our guides to point you to recommended configurations, and we’ve created a Community wiki post (here) with an overview of the latest status.
With BIOS 3.02, lid events and suspend operate, but, we’re actively working on the next BIOS release that will address issues folks have experienced.