Intel recently posted a job listing for their Visual Computing Group, indicating that the chip giant is working on discrete graphics chips and products that will compete with AMD's Fusion project.
Intel's Visual Computing Group (VCG) has the mission to establish the future of computing for high-throughput workloads. We are focused on developing discrete graphics products based on a many-core architecture targeting high-end client platforms. Our vision is that the resulting ingredients and technology will extend to mobile clients, servers, and embedded platforms over time. VCG will initially focus on discrete graphics products but will also expand the previous charter to include developing plans for accelerated CPU integration.