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Don't they mean "armbidextrous?"
Personally, I would have went with “amdidextrous”.
For the not-so-old and forgetful amongst us, Intel did this until 2006 as well (StrongARM, XScale)...

Have fab, produce ARM is the reality these days.

Well AMD is technically fabless since they spinned off GlobalFoundries in 2009, but yea it's probably a good move for them.