The site reached out to Intel and got to hear that Koduri's comments were indeed "misconstrued and/or lost in translation." Below is what Koduri actually said:
“Not everybody will buy a $500-$600 card, but there are enough people buying those too – so that’s a great market.The first new video cards from Intel are expected in 2020.
So the strategy we’re taking is we’re not really worried about the performance range, the cost range and all because eventually our architecture as I’ve publicly said, has to hit from mainstream, which starts even around $100, all the way to Data Center-class graphics with HBM memories and all, which will be expensive.
We have to hit everything; it’s just a matter of where do you start? The First one? The Second one? The Third one? And the strategy that we have within a period of roughly – let’s call it 2-3 years – to have the full stack." - Raja Koduri