- They don't license because they can make a lot more money manufacturing the chips themselves.
- AMD also has the right to x86 because Intel originally allowed them to build x86 compatible chips (some customers insisted on a 'second source' for cpus) and following legal action and settlements between the two companies over the years there is now a comprehensive cross licensing agreement in place. [1]
- Note that AMD actually designed the 64 bit version x86 that is used in most laptops / desktops and servers these days.
[1] https://www.kitguru.net/components/cpu/anton-shilov/amd-clar...