The latest reports are pointing to a more affordable MacBook Air that features a white notch, no Face ID, and no fancy display technologies. Despite the lower price tier, Apple is apparently adding the M2 processors, but these will most likely be entry-level SKUs.
https://www.notebookcheck.net/Budget-oriented-Apple-MacBook-Air-with-white-notch-and-M2-processor-expected-to-launch-this-September.612101.0.html
I wonder how much of the Macbook Air will be made by slave labor in Xinjiang. Maybe just the notch part.