TSMC 7nm (ryzen 3000 series based) nodes are basically the same as Intel’s current 10nm nodes. The transistors are the same size. They just use stupid naming.
What Intel tried to do is create a node that would give them a 3 year advantage over the competition that while "10nm" has aspects where important to CPU products that are a lot smaller - competing with 7nm and even beating it in some areas but overall it isn't comparable in every regard to a 7nm node. Somewhat ironic that it looks like not only are they going to not have a 3 year march on the competition at this rate they are going to be 3 years behind before they've even [truly] got to 10nm let alone their 7nm process.
	
 
). Ring may be perfectly fine for 8 cores, but how long are we going to stay on 8 cores? AMD want to push mainstream core counts up, Intel were forced into pushing core counts up before they wanted to do so. But how much can Intel change their underlying tech whilst they don't even have a working 10nm node for the foreseeable future, let alone anything further.