That's likely (although not immediate). This year's Itanium 9700 is the last of the Itanium line and according to the roadmap here:
https://www.nextplatform.com/2017/05/23/last-itanium-long-la...
They plan to containerize HP/UX and run on x64 Linux, that sounds to me like it's just a plan for a run out to EOL.