[bcrl]

The entire sentence is even less enthusiastic:

"The GPU die will remain with TSMC, but portions of the I/O die are expected to leverage Intel's 18A or the planned 14A process slated for 2028, contingent on yield improvements."

Reading between the lines: Nvidia will most likely design a TSMC version of those I/O die portions in case Intel fails.

Intel has a decades long reputation of failing its attempted foundry customers. Whether or not Nvidia's ownership stake is sufficient to overcome the inertia within Intel that has resulted in those failures remains to be seen.