Yes, by all accounts the latest node (Intel 18a, which ought to be competitive with the latest tsmc node) is healthy and on schedule. Very Recent pronouncements by the cfo support this (I think it’s extra significant that it’s the cfo because he knows like nobody else how much hot water he’d be in if he were misrepresenting the likelihood of success).
That’s one thing I don’t understand about the Intel negativity; the whole world is lining up for tsmc (rightfully so). Either directly if you’re one of the major customers who can’t produce products fast enough to sell them (nvidia) or indirectly (if you want to buy nvidia). but the only realistic near-future competitor to tsmc isn’t seen as such, despite the great need (ie worth the time to investigate and worth the risk to try as a fab).
If the current stock price is to believed, Intel should be bought for its assets, which makes absolutely no sense to me personally. As far as I’m concerned its the only possible short term path to breaking open the silicon supply chain gridlock, exacerbated by the ai hype.