My understanding is that AMD and Intel's cross-licensing agreement would terminate if AMD was acquired. Previously this would have discouraged acquisition, but

My understanding is that AMD and Intel's cross-licensing agreement would terminate if AMD was acquired. Previously this would have discouraged acquisition, but at this point I wonder if Intel needs AMD64 more than AMD needs IA32, SSE, etc. AMD's acquirer could renegotiate the agreement knowing that it could walk away from x86 and focus on ARM and GPUs.