I would be surprised if they moved to ARM any time soon, because even if the CPUs can punch that hard, they're definitely not competing on the GPU front, from what I understand of the state of the art outside of Apple, so they're gonna wind up with a dGPU anyway if they did.
Maybe my knowledge is out of date, but I'd be kind of surprised if a Snapdragon can get anywhere near competing with even the existing Steam Deck on GPU performance. Looking at [1] for a ballpark number on Snapdragon GPU performance doesn't seem encouraging.
[1] - https://chipsandcheese.com/p/the-snapdragon-x-elites-adreno-...
AMD has an ARM chip in the works, and there's nothing about RDNA which makes it unsuitable for use alongside ARM.