Whether this actually happens or not, however, is another matter. Medfield probably already has a small process advantage at 32nm over most smartphone chips. Most current ARM chips for phones are either 40nm or 45nm, with a few 32nm efforts just appearing.
However, Intel recently announced a delay rolling out its first 22nm PC processors, so all isn't completely kosher with its 22nm node. Whether that will have any impact on 22nm Atoms next year and 14nm Atoms in 2014 is a pretty tough call.
As for whether you should care about any of this, well, if Intel does pull it off, that means more competition. And more competition will translate into faster, cheaper and longer lasting phones. I think we can all agree, that's a good thing.
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