The hardware itself should never be trusted when being produced by a vendor like Google and cannot be verified on the component level. Their business model completely revolves in reducing your private sphere and sell it to others.
Never use google hardware if you are serious about security.
The reason GrapheneOS has an OEM partner we're working with towards their at least one of their upcoming devices meeting our requirements is because Pixels are the only currently viable options. If other OEMs were making reasonably secure devices with support for using another OS on their own, we wouldn't need OEM partnerships. The currently available devices from our OEM partner don't meet our security features or update requirements, but a subset of their future devices will. GrapheneOS will be officially supported so it will be easier to provide a fully production quality OS and we'll be able to do lower level privacy and security improvements at a hardware, firmware and driver level.
Their business model also does not involve selling data afaik, it's selling access to their adspaces [1] all over the internet including the ability to target people (based on information Google jealously hoard). They stand to lose just as much as most other OEMs if they did suspicious things in hardware just like Apple, Samsung etc.
If you're serious about security you will avoid using OEMs that have unfortunate patch gaps which leave device owners at the mercy to *known vulnerabilities* [1][2][3][4] as well as unknown threats which is fortunately one of GrapheneOS's many reasonable device support requirements.
[1] https://blog.google/products/ads-commerce/more-effective-med...
[2] https://srlabs.de/blog/android-patch-gap
[3] https://srlabs.de/blog/android-patch-gap-2020
[4] https://www.android-device-security.org/talks/
[5] https://techcommunity.microsoft.com/blog/vulnerability-manag...
If your threat model is that you cannot trust the Pixel hardware, then you cannot trust any smartphone or computer at all, period.
This doesn't mean the cheap device arrives without spyware, likely the difference is the spyware being monitored by chinese rather than US agencies so pick your poison. I'll pick mine.