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2001 when Compaq announced that Alpha would be phased out in favor of Itanium by 2004. When it was canceled, the Alpha 21464 was at a late stage of development but had not been taped out.

The 21464's origins began in the mid-1990s when computer scientist Joel Emer was inspired by Dean Tullsen's research into simultaneous multithreading (SMT) at the University of Washington.

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