<p>➀ Intel's hopes of surpassing TSMC in process technology this year or next year have been challenged after TSMC announced that their A16 process will enter mass production in the second half of 2026.</p><p>➁ Intel plans to start ramping up its 18A process in H2 2025, but it suggests that volume production won't occur until 2026, while TSMC is expected to achieve high-volume production on its equivalent N2 process in H2 2025.</p><p>➂ With the potential acquisition rumors and investor frustration over Intel's struggle to catch up in process technology, the situation looks bleak for Intel.</p>