Intel Corp (INTC)

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If Samsung can actually deliver 14nm in volume during late 2014, then I would call into very serious question the notion that Intel's process lead is "extending" as Stacy Smith loves to say on the earnings calls

TSMC is also claiming 2.2x density improvement in 10nm along with a 25% performance improvement over 16 FinFET+ with risk production beginning in 4Q 2015. This would imply product in market in approximately 2H 2017. Cannonlake and Broxton successor should hit the market in 2H 2016.

Intel has a lead, but if TSMC delivers as it claims, then the lead is about a 12 month one on a product-to-product basis.