Intel (INTC), once a titan of semiconductor manufacturing, has undergone a series of transformations in recent years. From falling behind rivals such as Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing Company (TSM) to launching an ambitious foundry business,

Intel’s new CEO Lip-Bu Tan is planning to reallocate resources to the 14A chipmaking process, aiming for an advantage over TSMC.

The new strategy for Intel's foundry business would mean offering outside customers a newer generation of technology, two people familiar with the matter told Reuters.