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If Nintendo are going arm this time, but under-powered yet again then there's no way 3rd party developers are touching them.
Using CPU architecture that was different from where the industry was moving to was one of the main reasons why 3rd party publishers dropped their support for Wii U.
The market for dedicated gaming platforms in people's homes is all about X86 and a minimum level of performance on a par at least with XB1, anything under that or going with some alien architecture is going to be avoided.

Hell it would be something if Nintendo had a recent history of being able to sell 3rd party games on their home consoles, but that hasn't been the case for a very long time.
The lack of games targeted at the western 3rd party market, that really appeals to that audience is one of the main reasons why those people that play 3rd party games don't buy Nintendo.

Nintendo needs to address these issues, this rumor basically points to a Nintendo that aren't addressing these issues at all. It makes zero sense.

TBH I've been saying for a while (basically since Iwata began mentioning an Apple like ecosystem) that Nintendo are likely making an OS that will be able to run on multiple platforms, run all of their games going forward and that will be able to work across multiple different specs of systems, with games that can scale up and down for each platform's requirements.
The only way that works is to get 3rd party developers back on board, by meeting the needs of their performance requirements, which is easy with what AMD has to offer at the time frame of when NX releases.

Hell the Handheld could be using an AMD K12 Arm processor, but since the company hasn't mentioned any other GPU architecture besides Polaris there's not really much else that they could offer.
I find it very unlikely that Nintendo would move away from AMD, when the 2 companies have had a long term relationship and AMD are still very much relevant, where as IBM aren't within the console market place, especially since Nintendo were the only company to use them this generation.

This rumor from Emily Rogers doesn't seem very credible at all.