https://arstechnica.com/gadgets/2021/08/intels-arc-gpus-will-compete-with-geforce-and-radeon-in-early-2022/

Intel has been working for years to enter the high-end graphics card market to compete with Nvidia and AMD, and today those efforts get a name: Intel Arc (not to be confused with Intel Ark, the site you go to when you need help with Intel's indecipherable processor model numbers). The earliest Arc products will be released in "the first quarter of 2022" and will be based on a GPU codenamed "Alchemist," a new, more memorable codename for a GPU previously known as "DG2."