I doubt we'll see Intel drop prices to compete with AMD with this news.
The number crunchers in green eye-shades see more profit in ceding a bit of market share than in a price war.
This is not that competitive a market yet. Read a little on oligopoly market structure and Intel 's action jump out at you..
- excessive levels of differentiation in order to stifle competition (sooo many SKUs)
- acknowledged market leader which informally sets prices - Price leader
- Barriers to entry are high - economies of scale, patents, access to expensive and complex technology
I believe this is an open communication by Intel "No price war, we'll let you have market share this round and both make big profits."
Remember the Intel sales guys even being told to recommend Epyc products. Why was this leaked ? It probably isn't even a viable option to switch for many customers but the signal to AMD went out clear.