Yes, exactly! These new integrated graphics chips are great for 1080p 60hz for the games kids actually play, like Minecraft, Roblox, Fortnite, CSGO, etc.
Integrate graphics will be the default in the future with discrete GPUs used only by the niche gamers and AI developer.
Lowest common denominator consoles like the Series S and Steam Deck are also contributing to this push as gamedevs are forced to optimize for integrated AMD graphics.