I am sure it could, but the benefits are legal and not technological. You can design RISC chips for server applications but you will loose the other benefits of the architecture . http://research.cs.wisc.edu/vertical/papers/2013/hpca13-isa-power-struggles.pdf Also, the manufacturing prowess of INTEL is something that would be hard to overcome. Not a lot of companies can produce 16nm line/space patterns. Google would have to partner with one of those companies or start it's own FAB.
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