I once saw someone wondering why not everyone's on equal footing because they use the same equipment (IIRC). Intel's big push with Tick-Tock has always been their rapid node sucession within 2 years, with or without a full 2x shrink combined with their top notch rapid yield learning and Copy Exactly! With the yield learning having slowed down and 14nm not being a sole exception to the rule, it indeed seems the playing field in terms of density is leveling somewhat. But I don't see how anyone could achieve a major advantage

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I think its quite obvious why Intel is losing the process advantage. Sure, same equipment, but every cook that has the same equipment don't cook the same quality food. Also, you can use somewhat different tools and achieve competitive result.
"Mobile Effect" is why I believe Intel is losing its edge. No, not just being unable to penetrate mobile markets directly with mobile-focused chips. The world's attention has turned away from Intel, to mobile guys. The top mobile players are Apple and Samsung. If you are looking for work in an area related to chip design and manufacturing, would you want to go to a company with its future not being sure?
Intel kept their process edge because they were the darlings of the tech industry. Top guys went there. We don't get to see and hear what kind of decisions guys at Intel made when they found out they were mere followers in the mobile market, then having to quit. They modified their 22nm process to fit with the mobile strategy. Do you think process guys will be happy about what's going on? Do you think they don't get the blame?
Apple having LPDDR4-3200 is amazing! Intel used to be the first to implement latest RAM standards in the tech industry. Their laptops are still stuck to LPDDR3(because LP models offer advantage over non LP ones which is why they don't use DDR4), and high end desktops reach 3000 speeds only with enthusiast models. Now with A10 they have LPDDR4 with 4266 speeds. Fastest Skylake desktops barely reach that speed, and a puny mobile chip in a 5W envelope does that with an advanced PoP stack.
Technology-wise, their chips are shameful compared to what Apple is doing. What we expected Intel, no, dreamed of, is all being done at Apple.*
Because companies are made up of its people, and we tend to see it instead as a single giant entity.
*If Apple can do this I'd have expected Intel to bring out Core M that can sustain 2GHz speeds and feature LPDDR4-4266 with 2 slice(48 EU) graphics, and small/power efficient enough to be used in an 8-inch Windows Tablet. Which is what Apple is going to do with A10X. Heck, that's the bare minimum. To be substantially better it should have had top tier 15W U performance CPU and Skull Canyon NUC Iris Pro graphics performance and still power efficient/small enough to be used in a 8-inch Tablet.