EUV is a process fraught with complexity, uncertainty, and imperfection, yet it works. TSMC, Samsung, and SK Hynix are all in production of EUV at varying volumes. Intel has also confidentially stated that they are manufacturing ready for EUV lithography in their Intel 4 process node. We don’t really believe them because internal documents we obtained show Intel’s first high-volume product utilizing EUV, Meteor Lake, has been delayed yet again, with “ready-to-ship” dates delayed until Week 52, 2023 at minimum. This suggests that Intel is facing challenges in implementing a production-scale design into an EUV process technology.