Yes, and to put this in perspective: TSMC is valued around 8x higher than Intel at the moment. If Intel could become a major competitor to TSMC, I don't think they'd worry about Apple monopolizing leading edge nodes.

If Intel becomes the leading foundry, even if their x86 chips are a little behind Apple, they'll still be ahead of AMD. Apple start shipping 3nm back in 2023. It's looking like AMD will get there in another year. If Intel becomes the leading foundry and they're 12-18 months behind Apple, that'll still put them 18-24 months ahead of AMD.

Plus, it's important to think about the symbiotic relationship between TSMC and Apple. Apple can commit to large orders which gives TSMC the ability to invest. If Intel can get that business away from AMD, it means that TSMC won't have the same ability to push the envelope. Without Apple to pay top dollar for early access, will TSMC have the ROI necessary to keep moving as fast as they have been?

I don't think Intel would be concerned about Apple getting the latest Intel Foundry nodes before x86 does. It'd be a win for investors and ultimately a win for their x86 chips too. TSMC has benefitted from being able to invest in improvements and have Apple pay top dollar for it. If TSMC loses that, it also means that AMD, Nvidia, Qualcomm, and other Intel competitors lose the ability to ride the Apple-TSMC coattails.