Which makes Intel a decent target for merger and acquisition. Qualcomm, Apple, Broadcom, Google, Amazon, Microsoft, Saudi Aramco, Facebook, TSMC, Samsung and Finally...... AMD.
I don't think AMD would get enough out of that to make it worth for them. And that's before you take into account that a condition of that merger would be spinning off the x86 CPU business to a separate entity to avoid a monopoly there.
The big loss maker here is the fab business - and AMD realized a long time ago they're better off without their own fab (and got heavily criticized back then) - so why would consider investing a shitload of money for a bit of IP just for having to deal with spinning of fab business yet again?
