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Given that Itanium originated at HP, it seems unlikely it was about AMD and more about the fact, at the time, Intel was struggling with 64-bit. People are talking about the P4 but Itanium architecture dates back to the late 80s…

https://en.m.wikipedia.org/wiki/Itanium



For context, it was intended to be the successor to PA-RISC and compete with DEC Alpha.




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