Intel Corporation (INTC), one of the largest chipmakers in the world, has lagged its peers over the last few years in the development of advanced transistor processors. Intel’s rival, Advanced Micro Devices, Inc. (AMD), has already introduced 7nm chips to the market and plans to bring 3nm chips by 2022 through its business relationship with Taiwan Semiconductor Manufacturing Company Limited (TSM), which is already using 5nm chips. Intel is yet to bring 7nm chips to the market, and this delay led Apple, Inc. (AAPL) to ditch Intel as a supplier of processors for MacBook products late last year. Pat Gelsinger, the newly appointed Intel CEO joined the company on Feb.