Yes, guys 22nm fabrication technology is now a reality. At the on going Intel Developer Forum the chip giant demonstrated the world's first working chip built on 22nm process technology. The 22nm test circuits include both SRAM memory as well as logic circuits to be used in future Intel microprocessors.

The 22nm wafer displayed by Intel's President and CEO Paul Otellini is made up of individual die containing 364 million bits of SRAM memory and has more than 2.9 billion transistors packed into an area the size of a fingernail.

The chips contain the smallest SRAM cell used in working circuits ever reported at .092 square microns. The devices rely on a third-generation high-k metal gate transistor technology for improved performance and lower leakage power.

The 22nm test chip marks the third generation of high-k metal gate technology which was first introduced 2 years ago on the 45nm generation.

Intel remains the only company with that energy-efficient and high-performance feature in production, with more than 200 million 45nm CPUs shipped to date.