Intel A700 series are large chips; Intel is already on tight margins. Sure, it's easy to say "let them go at loss and get some market share", but is Intel really in a position to do that right now?? No is your answer.
As for the overall market health of PC gaming GPU's, this is utterly ridiculous. Folks, I've been in the Reddits and elsewhere on social media, and seriously, the justification for AMD Radeon hate is asinine. Yes, most can agree that FSR and Ray Tracing and drivers haven't kept pace with nVidia's dominance, but sometimes it takes investing in the underdog (not really like AMD is on CPU's anymore BTW, lol) for the sake of betterment of the tech and gaming community. I'm probably going to get reamed for this, but second best is ok, like really, we make all of these first-world problems into big deals and ultimately screw ourselves in the long run. Also realize that in today's world, devs spend most of their time optimizing for one platform, which inevitable results in the status quo marching hard to the dream beat.
Bottomline: PC gaming sucks today. It just does. Either go green or make all kinds of sacrifies. Blame it on AMD all day long and a lot of that is justified, but I'm getting the sense more and more all the time that PC gaming is like a digital form of national supremacy. News flash for us tech junkies: there's more to life than the technical winners.