Chipmaker Intel Corp. is delaying the production of one of its newest chips to improve performance, the first significant product setback under new Chief Executive Pat Gelsinger as he seeks to rebuild the company’s competitiveness.Intel now is planning to initiate producing the next generation of central processing units for servers-the brains of those machines-in early 2022 after previously stating that it would be ready late this year, Lisa Spelman, the company’s corporate vice president, who manages the server-chip business, stated in a Tuesday blog post.The additional time, Ms. Spelamn wrote, would grant Intel the ability to improve the chips’ performance, in particular around the highly prized metrics of data handling and artificial intelligence processing. Production is now set to launch in the next year’s initial quarter and ramp-up in the second quarter.The delay of the new chips in the first under Mr. Gelsinger, who became chief executive in February following massive delays in chip-making advantages under his predecessor, Bod Swan. Intel almost a year ago stated that the following generation of even more advanced chips with super-small transistors wouldn’t be ready until late next year, about a year later than initially expected.