More than 10 years and that's why Intel's stock price fell so precipitously as Intel cancelled that dividend and Intel losing its dividend focused luster to dividends focused investors!
But the amount of Folks that comment on these Mergers & Acquisitions(M&A) sorts of articles and the US regulations regarding M&As and the main litmus test for rejection there being if that Acquisition will reduce the competitive landscape of Intended market players that compete in that market!
And So Qualcomm's Snapdragon X Elite and previous Windows on ARM Laptop/PC products are more direct competition to Intel's/AMD's Windows on x86 products! Linux on ARM as well, as Tuxedo Laptops(Linux OS Based OEM) is planning on releasing a Snapdragon X Elite Linux OS based laptop!
That and Intel only controls the IP surrounding the x86 32 bit/Earlier 16/8 bit parts of the x86 ISA while AMD's the IP owner of the x86 64 bit ISA extensions! But Intel and AMD have a cross licensing agreement between them for their respective parts of the x86 ISA IP rights and so Intel has no legal right to transfer AMD's x86 64 bit ISA extensions License to any third party and ditto for AMD and any of the 32 bit earlier parts of the x86 ISA that are Intel's IP.
Qualcomm or any other competitor in the CPU/dGPU market will not be able to get past the regulators easily and Nvidia can not acquire Intel because of Intel's Discrete GPU market presence where Intel's ARC/Later Discrete GPUs are a welcome 3rd player attempt at the low end to mainstream dGPU market place Competition against AMD and Nvidia!
