I wouldn’t assume that there isn’t a licence involved.
Intel have clearly indicated in the past that they think licensing is a requirement for emulating x86[0].
I imagine that Apple are only emulating x86-64, since they dropped 32bit support in their last OS. I believe that x86-64 is owned by AMD, so I imagine Apple has a licensing deal with them.
[0] https://www.forbes.com/sites/tiriasresearch/2017/06/16/intel...