A leaked Intel slide indicates that the company's upcoming DG2 Arc Alchemist GPU could be targeting the Nvidia GeForce RTX 3070 and AMD Radeon RX 6700 XT at the high end at the US$500 mark while looking to compete with the GTX 1650 Super at the low end in the US$100-199 bracket. The slide does not list any specific SKUs but only mentions the possible TDPs.
https://www.notebookcheck.net/Intel-Xe-DG2-Arc-Alchemist-to-have-Nvidia-GeForce-RTX-3070-and-AMD-Radeon-RX-6700-XT-firmly-in-sight-at-US-500-while-being-relatively-uncontested-in-the-US-100-150-segment.560779.0.html