AX client is one of component of AX 2012. You probably meant whether it must be on the same machine as the AX 2012 application server (AOS). The answer is "no, it doesn't have to be on the same machine". Please read the installation guide first, it's all explained there. Trying to install Dynamics AX without having any idea about is how it works is also very risky - you may end up with something that you'll have to delete and start again, if you install it wrong.
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