AMD today unveiled its jaw-dropping Ryzen Threadripper processor designed for the “world’s fastest ultra-premium desktop systems.” It boasts 16 cores with a base clock speed of 3.5GHz, giving you ample power for gaming, video editing, and other intensive tasks. Look out, Intel!

Threadripper, announced by AMD Senior VP and General Manager Jim Anderson during the company’s financial analyst day on Tuesday, is the world’s first 16-core, 32-thread processor aimed at consumers. Many of the juicy details are yet to be revealed, but based on recent reports, it seems Threadripper will have a base clock speed of 3.5GHz, with a boost to 3.9GHz, requiring 155W of power.

“Ryzen Threadripper is targeted at the absolute ultra high-end of performance in desktop,” Anderson said.

The processor was confirmed as rumors regarding Intel’s new Core i9 processor continue to circulate. In comparison, the Core i9 is expected to offer 12 cores and 24 threads with the company’s own Hyper-Threading technology. It is thought to be based on the sixth-generation Skylake architecture, and could be paired with a new X299 chipset.

As things stand, it looks like Threadripper will easily outperform Intel’s existing Core i7 chips, the best of which is the 10-core 6950X. And if recent trends continue, Threadripper will remain a more affordable alternative, giving PC gamers a big reason to switch in pursuit of greater performance at a nicer price.

But no matter which side of the fence you’re on, Threadripper is terrific news for the industry. You can bet Intel will be working to tackle the new chip head-on and remain a fan favorite, which means the processor wars are only going to get even more intense. If you’re a consumer, you can look forward to increasingly powerful hardware at more competitive prices.