Say they do just Qualcom. That would be HUGE for both companies. And if Qualcom got the exclusive, they would pay mega bucks. Why wouldn't 'this be great for both companies if they worked exclusively?
Will not happen, Qualcomm is the most direct competitor to Intel now.
Not only could they get a great premium, but it would put every other phone maker 1 to 2 generations permenatly behind. That could be the almighty game changer.