No way intel can compete with TSMC on pricing. If this was a possibility, why did they wait so long? Sounds more like the rantings of corporate speak before a mass firing; we are doing this, this, and that.... trust us, the company is fine. Ten days later, worst quarterly of the company’s history. Intel chose to lose market share, this wasn’t some surprise, the fact they are trying to get on the RISC-V bandwagon this late in the game; shows how desperate they are. RISC-V would never work with Intel’s business model.
Intel wasted a good 10 year advantage in the high-end chip sector, the fact it took getting to 7nm just to dominate their market share is a testament to how far ahead the rest of the market they were... That was now, as x86 shifts to 5nm through AMD, I don’t know how Intel intends to sell chips. The Power management alone at 5nm will make Intel unable to produce a competing mobile chip, and things are only going to get worse from there.
Next year’s CPU gaming options will put Intel into 2nd tier with no option of a top tier competitor. I don’t see how Intel gets out of this one, unless they merge or sell at this point.