It'll be difficult for Intel to decide on pricing right on the verge of Lovelace and RDNA3 lineups getting introduced. Granted, these will probably be higher end options than anything Intel is producing, but this still puts downward pricing pressure on the rest of the range, and will shift pricing expectations of consumers for not just existing GPU's, but especially anything new.
Intel's timing is especially bad because these seem to be expected before Lovelace or RDNA3, meaning they cant do an AMD where they reduced Navi 10 pricing before launch in reaction to Turing Super refresh. We're talking a situation where any quick price drop they do in reaction will come after the Intel GPU's are already out and people have already paid the higher price for them. That would be another pretty terrible first impression to set, especially for all the people that had enough faith in Intel to be an early adopter. Would be stupid to piss those people off.