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.

According to two people familiar with the situation, the new CEO at Intel, Lip-Bu Tan, is considering a significant shift in the company’s chip manufacturing approach that could reshape its foundry business and alter its position in the global semiconductor market.

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