Intel Corp (INTC)

[ibc]

But the cited wafer costs were comparing process nodes of similar density (Intel 32nm vs TSMC 28nm and Intel 22nm vs TSMC 20nm). So you're paying 35% more per transistor.

Actually, if you look at Stacy Smith's slide deck at the last analyst meeting you'll see that TSMC 28nm density is comparable to Intel 22nm.

Hat tip to neolib on another forum for pointing this out.