Let’s see if now is the right time to invest or sit on the sidelines. According to Reuters, Intel’s newly appointed CEO, Lip-Bu Tan, is setting a new course for the company’s troubled contract manufacturing division.

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

In addition, Intel faces external pressures. Earlier this year, the U.S. government was reportedly pressing hard for Intel to create some kind of joint venture with TSMC, but the Taiwanese chip giant ended months of speculation in April when it explicitly ruled out such a move.