Intel Corp (INTC)

[chipguy]

Following you line of argument consequently ends up noting Intel did neither invented the transistor nor the use of silicon to fab fab chips.

Brush up on your history books. Intel didn't invent the
MOSFET, DRAM, or MPUs. They just perfected them
and made them manufacturable on a industrial scale.

That is the advantage of Intel - it has the billions per year
to work ahead of the curve and solve the basic physical,
chemical, and mechanical problems in future processes
that impact the manufacturability and economics of new
technology often before the IBMs and Asians of this world
even know they exist. That's why the latter are always
scrambling in catch up mode. The hangers-on and process
tech buyers like AMD are even further behind.

And just this week the third biggest semico in the world
has announced it can't afford to stay on the process
development treadmill past 45 nm.