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Intel in talks to buy GlobalFoundries for about $30 billion

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July 15 (Reuters) - Intel Corp (INTC.O) is in talks to buy semiconductor manufacturer GlobalFoundries Inc for about $30 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

https://www.reuters.com/business/intel-talks-buy-globalfoundries-about-30-billion-wsj-2021-07-15/

Doesn't Intel already have a better node than what Global Foundries were using? Or would they be going for the 7nm that they were developing in the past?
 
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