The quote should be Intel want to "Sell" Millions of Arc GPU.
When i think quickly about this, i am like: Yes, a third player in the market, that can only help to create a price wars.
But when i think at the current state of the market where there is a shortage of production capacities and components, my thinking go towards: That can only lead to a bid wars for manufacturing resources, customers will have to absorb this.
i still have no idea on how it's going to pan out. but i am not that much optimistic. I think the real loser there might be AMD as so many Nvidia buyers just buy the name and they will buy Nvidia no matter what.