Since he was touting that they recently hired a well-known GPU architect, it seems unlikely that this is merely about them using their own fabs for discrete GPUs instead of having integrated GPUs being the only ones they fab themselves. Some kind of shift in product strategy or reboot of their GPU architecture development seems more likely, if there's anything of substance underlying the news at all.

But this news is somehow even less comprehensible and believable than usual for Intel, whose announcements about their future plans have a tenuous connection to reality on a good day.