That seems unlikely, for the same reason that TSMC isn't able to put Intel down permanently. We're reaching the end of silicon scaling. Transistor densities might continue to rise with 3D techniques, etc... but the actual logic is reaching physical limits. So transistors per price and per power are hitting walls.

TSMC pulled ahead, but they don't have a lot of runway to pull far ahead. Likewise Intel can catch up, but they can't retake the kind of lead they had a decade ago.

Semiconductors are turning into commodities, basically.