That is a nice saying, but just because you say it doesn't make it true.
I spent many years as a process node development engineer, working on nodes spanning 0.5um to 32nm and there was absolutely no substitute for money.
There is an unmitigatable barrier to entry in this industry, you can't just give a genius dirt and have them turn out a 22nm process node complete with finfet xtors. Not even if you had 10,000 geniuses are you going to get there, as evidenced by all the foundries and IDM's who are still struggling to get a node into production at 32nm or 28nm.
Your comment basically asserts that every process node engineer out there that is working at a company which has anything less than absolute leading edge process technology must not be a genius, because all you have to do is give a genius dirt and they will make gold according to you.
The
project management triangle is universally applicable to any and every industry. You can pick any 2 of the 3, but no more than 2, as your priority.
^ doesn't matter the intended schedule or scope of the project, without money the quality goes to zero. Geniuses make for poor cash, even when ground up and properly dried. (but I hear they make great chips if you don't mind them being green in color )
The days have long passed since you could rely on people making the difference. Nowadays there is no shortage of experienced talented genius engineers (process or design) but there is a shortage of R&D dollars to put them all to work unless you happen to have a job at Intel.
GloFo is about to hire a whole bunch of process development engineers as they are leaving the IBM fab club, that will be a good thing. But I cannot agree with your overly generalized statement, it is catchy and sounds great but it lacks a basis in reality when contemplated by someone who has experience in the trenches.