It's been a known issue, but it's have been fixed (as specified in https://www.intel.com/content/www/us/en/support/articles/000095268/graphics.html?wapkw=minecraft%20issues), but partially.
The issue still affects 7th-10th Gen Processors cards specifically somewhere since first 101.**** versions of the drivers came out which is almost 4 years ago. In version 100.9955 issue is not present but have other issue: dwm.exe (Desktop Window Manager) memory leak. I have been willing to ask if there any chance fix can be applied to the 7th-10th Gen Processors drivers?
I know this is about dealing with legacy version of the game, but since issue is already fixed for other drivers and people still play legacy versions, It will be continued being reported.
PC specs
CPU: i3-8130U 2.20GHz
RAM: 12GB
GPU: Intel(R) UHD Graphics 620
Details
To reproduce the issue install 7th-10th Gen Processors drivers and launch legacy game version, 1.7.10 for example. Create new world then pick and hold item in the hand or toggle perspective with F5 key.
