2 years ago, engineers at HP decided that Merced would be too slow to beat PA-RISC. So HP went off on its own and redesigned the processor to use a different I/O system and bus, but the same instruction set. When Intel heard about this it wanted to be on the act too, although the original contract only covered Merced... But although HP is saving Intel's butt, HP will eventually move to specialising in compiler technology rather than high end silicon, so it is not getting much credit.
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