Although Intel has generally held the lead in process technology they haven't always done so. In fact IBM/AMD were ahead in 2004 with their 90nm SOI process. Also the Common Platform alliance will probably have comparable expertise and more RnD budget than Intel does, but equally, IBM/Samsung/Sony didn't exactly manage to set the world on fire with Cell.
But right now, and for some time to come I agree that Intel=Win.
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