TSMC warns of Intel Foundry's growing prowess during the company's latest earnings call — "We view Intel as our formidable competitor and do not underestimate them"

TSMC CEO C.C. Wei said Intel Foundry is emerging as a serious competitor in advanced chip manufacturing.

Intel is pushing its 18A process to win external customers and expand its foundry business.

TSMC remains much larger in revenue and market reach, but competition at leading-edge nodes is intensifying.

The remarks underscore growing rivalry among TSMC, Intel Foundry, and Samsung Foundry in the global foundry market.