Intel has competition. Starting next year ARM (calxeda, NV, Arm themselves, Qcom, Samsung etc all enter cpu's on your desktop, and 2015 they all enter your servers). Intel won't be facing a bankrupt AMD. A lot of the ARM Juggernaut has billions in the bank and no debt. Samsung says server chip in 2014 but we'll see.
Here's a quick rundown on a bunch entering servers and where they're heading:
http://www.theregister.co.uk/2013/01/02/arm_server_future/
Not much of a jump to make things run on the desktop either for anyone. NV has Denver (desktop) & Boulder (server) coming 2014/2015. IF AMD goes bankrupt and I'm running NV, as the only discrete gpu maker, I'd block all Intel machines from using my cards once gaming isn't directx oriented
Ruthless, but deadly. A Bill Gates/Steve Jobs kind of move. Of course that's assuming they get some real games on android by then. If we're all weaned off Directx and consoles sales suck this xmas and beyond it can be done. Imagine x86 with only Intel gpus. And then on the flip-side an android/chrome based PC running NV's latest gpus. I'm guessing game devs would follow the gpu power as nobody wants to be LESS creative.
The 164mil here for AMD won't do squat to stop another Billion loss this year. AMD will need more funding as they lost 1.18B last year, and have ~1B left. Consoles and Arm profits are 9months out at best. This is a challenging year for AMD and their credit is already junk bond status. That makes borrowing even more costly going forward. I really hope AMD gets bought soon and backed by Billions (IBM, Samsung, Qcom could all do this easily).