Sure there is, nVidia and ATI/AMD have done pretty much exactly this sort of segmentation of many consumer->pro video cards in drivers practically forever.
I think that with graphic cards it is a little different: the manufacturing process is simply not perfect, so attempt to produce card with 56 Streaming Processors (Pascal) can result in 40 SP units working fine and 16 being broken. So you disable broken units and sell the piece as lower end card instead.