TMSC went all in on new tech from ASML where Intel and Global Foundries said it was too expensive.

Intel in particular was finding ways to get older stuff to work for newer nodes but it also had drawbacks. And Intel had dividends to pay.

Now Intel is ordering the newest equipment, but hasn’t build up the experience with it. Yet.

No, he means that it did not use to be like this. Not even a decade ago Globalfoundries and Intel had competitive, production-ready nodes (~14nm).