Intel's new CEO Lip-Bu Tan is considering a shift in the manufacturer's contract chip-making business, a change that could cost Intel billions, according to Reuters.

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

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.