Shares of chip-giant Intel (NASDAQ: INTC) have been obliterated over the past few years. Unfortunately, years of mismanagement and complacency opened the door for TSMC to take the lead in semiconductor manufacturing and AMD to stage an epic comeback.

The Trump administration’s push to have TSMC buy Intel’s chipmaking operations faces a major barrier: The Taiwanese firm isn’t actually interested, and even the threat of tariffs probably won’t be enough to force a deal.

According to The Wall Street Journal, Broadcom is said to be interested in Intel’s chip designs while TSMC may want to take over the company’s manufacturing capabilities. Although nothing is official,