I don't think Intel are panicking - more deludedly thinking people will still buy overpriced tat when there are other options.
Intel are not deluded.
If AMD keep this level of competition up eventually more and more pepole will see the light and move away from Intel in significantly enough numbers to make Intel hyperventilate, your right, its not a panic, but, they know for as long as they can match AMD on performance 9 out 10 will still buy Intel, the problem is AMD are knocking out 16 core CPU's and Intel's pre-planed 12 is nothing like enough to compete with that so they threw in an <18 core CPU, but, while AMD are getting 80% yields on their 16 core parts Intel might only get 10% yields on their 18 core parts, the reason is with Infinity Fabric AMD can use lots of very small very high yield CPU'lets on a PCB to make up the core count, Intel have no such thing, they still rely on the wafer yields they would get for huge dies, at 14 core + for Intel that is going to be very low what they will get per wafer is going to be low and expensive, that in turn will eat into their 'usually' very high margins, they can't charge what they would like for 18 core CPU's because AMD can charge 4x less than that $3000 they would like, and will.
So at $2000 they need more people to buy those 18 core CPU rather than the much lower priced 14 core salvage CPU's because if they don't the margins will be even lower, so they cut out and lock features out of the lower CPU's to force you to by the 18 core CPU if you 'for example' actually want enough PCIe 3 lanes to make good use of CPU's with that much power.... because you know what, AMD are not doing 44 for the highest core count and then reduce them as you go down in core count and price, no, with Threadripper you get 64 PCIe 3 lanes with any CPU no matter what the core count, that among many such things has ####ed on Intel's exploitative business model, what a shame....
But its ok, PCPer would say (Have said) you don't need more PCIe lanes than Intel offer, AMD are just being stupid, AMD being clowns again.
PCPer are clowns lead by multi-billion $ clowns.