But the real winner will be Chipzilla which is in a better place to use its process technology advantage to deliver on Moore's Law.
Gwennap wrote that Intel seems immune to the troubles that the foundries are facing. It has been shipping PC and server processors built in its 22nm FinFET process since last year and plans to begin production using its 14nm FinFET process by the end of this year.
Thanks to the huge amount of cash Intel has chucked at process development, it can move from node to node, outpacing TSMC and others.
Of course, this is assuming that there is a continued demand for ever shrinking chips.
Gwennap and Chipzilla could become unstuck if the industry said "we don't want smaller chips and are happy with these slightly cheaper bigger ones, thanks very much". So far they have not said that, but it is possible that a pain threshold will be reached where manufacturers can't be bothered writing more cheques for shrinks that do not give them a noticeable benefit.