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https://cyclingtips.com/2014/06/made-in-italy-a-tour-of-the-gipiemme-factory/
Article from 2014 - new wooden wheels mentioned in final few paragraphs.
Yeah, they are a thing. Apparently a genuine thing back in the day.
There seem to be quite a few NOS regularly on eBay, same seller, so I don't know if they're originals or what. The plywood face looks quite fresh for what would be a ~25 year old wheel.