intel news -Intel And Taiwan Semiconductor Have Very Different Definitions

On TSMC's (TSM) most recent earnings call, Co-CEO Mark Liu had the following to say with respect to the company's upcoming 10-nanometer process:

And so in the summary, our 10 FinFET technology will be qualified by the end of 2015. 10 FinFET transistor will be our third-generation FinFET transistor. This technology will come with industry's leading performance and density.

Now, what's interesting is that TSMC's management tried to convince investors that it would have a 10-nanometer process ready to go around the same time that Intel (INTC) would have its own 10-nanometer process. Intel, of course, promised that 10-nanometer would be ready for high volume production by the end of 2015