Should be noted for noobs that modern processors are not 'individually' tested or specked. This means some chips can handle OC very easily (and be highly OC'd) while other will not. So if you decide to OC be sure to go in small increments and test the device thoroughly and not jump straight to a high number).
Im pretty sure i7 processors (quite modern) are individually tested, and if they pass they're clocked in to see when they fail. If they work under normal conditions they get the 920 stamp, if they work overclocked maybe 1ghz higher they get the 940 stamp. Now if they can raise the clock up fairly high, and the tempature doesn't exceed some certain threshold they know it made it though the FAB process perfect and the multiplier can be unlocked.
this is from wikipedia:
for intel they just make it a 920 or 940 to improve their yields... and make the EE $1000 to compensate. When they all went through the same manufacturing process.On May 17, 2005, Sony Computer Entertainment confirmed some specifications of the Cell processor that would be shipping in the forthcoming PlayStation 3 console.[22][23][24] This Cell configuration will have one Power processing element (PPE) on the core, with eight physical SPEs in silicon.[24] In the PlayStation 3, one SPE is locked-out during the test process, a practice which helps to improve manufacturing yields, and another one is reserved for the OS, leaving 6 free SPEs to be used by games' code.[25] The target clock-frequency at introduction is 3.2 GHz.[23] The introductory design is fabricated using a 90-nanometer SOI process, with initial volume production slated for IBM's facility in East Fishkill, New York.[14]