Kumar said that AMD prefers to enter into a licensing agreement for the right to use their designs in those cases when it is not willing to present itself in a certain market segment. This alone is a statement casts doubt on the reality of the deal with Intel - both companies produce processors with integrated graphics.
Secondly, the financial director of AMD admitted to the selection of suitable licensees very carefully. At least in key areas of activities it is true - the licensee must not be a direct competitor to AMD. Although Devinder Kumar did not mention Intel in any context.
In the future, as recognized by AMD's chief financial officer, the company would like to enter into one or two license agreements per year.