Hi OP,
In a processor, there are lot of things to look around. If one thing wants to give you more performance/more power, then it definitely requires more transistors. For example - To make a bottleneck less severe in a pipeline, you need to put in functional units in which, each of those requires more transistors. Hence, the things get done faster i.e., performance increases.
From here, you can also explain parallelism. It means you are adding something in parallel to get the things done in a short span of time, efficiently.