You may be a bit too credulous. There has been a "leak" or "rumor" that Intel's GPU initiatives are canceled about once every three months, for over two years. Yet Intel continues to release new SKUs and make new product announcements. Just last month they announced a new data center GPU product (an inference-focused variant of Jaguar Shores).

I can't see the future, but I can see patterns: the media that reports straight from the industry rumor mill LOVES this "Intel has cancelled its GPUs" story, for whatever reason. I have no particular love for Intel (out of my six current systems, my only Intel box is a cheap NUC from 2018), but at this point, these rumors echo the old joke about economists who "accurately predicted the last nine out of two recessions".

MLID has been saying Arc was cancelled since before the first Alchemist cards were released.

ah, so this is MLID. yeah i'll wait for the announcement.

MLID is a terrible information source.

The idea that Intel's foundry could replace TSMC is hilarious. No. Maybe a gamer-focused mid-market card based on 30-series.