Given that TSMC just started high volume production of 7nm chips (https://www.anandtech.com/show/12677/tsmc-kicks-off-volume-p...), this sounds bad for Intel.
But what is "High volume production" really? This is another marketing term! Intel has produced and sold a couple 10nm chips, though they are hard to find. TSMC 7nm chips are not in any consumer's hands yet. We'll have to wait and see ...