Wow, multiple massive inaccuracies in only 2 points, congrats.
1) Intel invested a massive amount of resources into the Atom development starting in 2004, years before smartphones ever appeared. They developed 1-3W cores, while standard low power laptop chips were in the 35W+ range and were initially very competitive on the market. However, internal struggles resulted in an effective abandonment of this segment. Firstly, the Atom was competing in a lower margin, low unit cost market with more competition than the x86 market (at Atom's release in 2008, Intel already regained leadership ahead of AMD). At that point, Intel sold everything they could make and it made sense to use fab capacity on the expensive parts where they were free to set the price. Secondly, since Intel's approach was so profitable (and, to be honest, still is), many people inside the company were against "rocking the boat" and risking their high margin, high-performance cash cows, especially when netbooks exploded in popularity.
2) This is just so wrong, like, you really need to know absolutely nothing about this field to be able to come up with this. In real life, Intel wanted to move on from x86 and invested absolutely monstrous resources, including the largest design team in history, to create a completely new architecture called IA-64 (also known as Intel Itanium). IA-64 was not compatible with x86/32-bit instructions, breaking compatibility with all older software, and would get rid of pesky x86 competition like AMD, if successful. Instead, AMD went the opposite way and extended the x86 instructions set with 64-bit support, enabling backwards compatibility. In the end, Intel was forced to effectively write off the investment in IA-64 and license x86-64 from AMD.