This is exactly the kind of barrier you want for something with so much power over the system, otherwise you're not much better off than where you started as physical access allows for quick swaps of chips.
Meanwhile it provides no meaningful resistance against physical access because someone with physical access can swap the entire board or a dozen other things.
It’s not common in modern IT, and the only time I do it myself is in the course of preserving vintage hardware
And if you need to desolder to remove the malicious code, it's pretty reasonable to call it unremovable.
You might see that as a facetious comparison. But the number of orgs which actually would desolder the chips in that circumstance is very close to the number which actually would scrap and replace. And if 99% of orgs won't actually do it when needed, then a "works in theory" method of re-securing servers is real-world useless.