Bay Trail is 102mm2.
To me that already is a rather large chip for something meant to be low cost.
And looking at the following die shot , its 4EUs seems to take up quite a bit of die area realestate already:
........ 14nm will allow Intel to put in more EUs but iif that number is 16 I'd imagine the die will remain fairly large.
Assume your wafer costs $3200, your yields are 90%, and die size is roughly square.
This implies ~586 die/wafer and 527 good die per wafer. $3200/527 = $6. Add in a buck or two for packaging and test, and you've got a $7-$8 chip to make.
Pretty cheap chip. Sell that sucker for $20 and you've got ~60% GM. It only gets better as the chips get more integrated and as Intel optimizes its designs for density.
Really, the economics of this are pretty fantastic for Intel. Increase your wafer cost by 22% for 14nm (this is the number given @ investor meeting) but then move your die size to ~60mm^2, again roughly square, and let's call it 80% yield and what do you get?
$3904 wafer -> 764 dies per wafer. 611 good die per wafer come out of the oven. Add again $1-$2 for packaging and test, and viola you've got a $7.50-$8.50 chip even if you assume materially worse yields.
Sell that sucker for $20 and once again, you've got high 50% GMs. Can't wait to hear how the "Intel sux" brigade wants to spin that ;-)