They are licensing TSMC's 7nm, they aren't producing their own chips. By the time they start producing 7nm AMD, QC and Samsung will be on 5nm.Hahaha, a 7nm from Intel? We've been hearing about that mysterious 10nm chip for years that we've never gotten. I'll believe it when I see it, but 7nm from Intel in 2023 is looking like yet another meme to me.
To think that Intel were downplaying AMD's advances with Zen 1 as not a great achievement. But by the time Zen 2 was released (3xxx series) Intel were in full panic mode and now they have no idea where to go or what to do other than license from their biggest competitor. How the tables have turned, quite funny.
However, even if Intel aren't able to produce something competitive AMD can't sit on their laurels because they are facing incredibly stiff competition from ARM and ARM derivatives (Apple are irrelevant as their chips can only be used within their own ecosystem), especially in the server space where ARM is now a serious competitor to AMD's Zen chips.