I'm all for competition to be honest. While Intel is the least favorite CPU maker of mine (due to their unethical moves in the past), I'd love to see fierce competition rather than a single dominant power.
We've seen how the latter went until AMD came back to the game.
This is jumping from Intel's heroically old 14nm+++++++++++++++ to a brand spanking new TSMC process. It might be on the order of 4 to 6 times denser.