Wasn't there another angle with the Intel/Altera tie-up - to more closely integrate the x86 architecture with top-end FPGA tech, and to relegate ARM to embedded

Wasn't there another angle with the Intel/Altera tie-up - to more closely integrate the x86 architecture with top-end FPGA tech, and to relegate ARM to embedded SOC (not kill it, but equally not pour R&D budget into it) ?