TSMC has been making chips on their 7 nanometer process for some time closing in on 5 and 4 nm already. Intel still mostly at 14nm due to obstacles with their 10nm node. Despite the difference in naming, TSMC's 7nm and Intel's 10nm nodes would be fairly similar.

Notwithstanding the variety in naming, TSMC's 7nm and Intel's 10nm nodes would be fairly similar, states Intel. And they are getting a little weary of the confusion. The name of their process suggests it is less sophisticated, here's what Oregon live has to say about it:

Employees say Ann Kelleher, the Hillsboro vice president who runs Intel’s manufacturing group, notified them last week that Intel plans to change its numbering conventions to match the industry standard. It’s not clear just when this will happen. Intel’s next generation of processor, currently described as a 7nm chip, is due in 2023. Intel declined to comment on its numbering plans except to reiterate that it believes its chips are more advanced than current descriptions suggest.

“It’s widely acknowledged in the industry that there is inconsistency and confusion in nanometer nomenclature, and it does not reflect the latest innovations at the transistor level,” said Intel spokeswoman Chelsea Hughes.

Intel's next processor on a new node, currently defined as 7nm, should be released in 2023. Intel declined to comment on the rumors but reemphasized that application naming is confusing. We have to say, it's very uncertain this will actually happen. 

Intel might rename nodes like 10nm to better align with chip industry