As part of the Trump administration’s Made in America push, TSMC could acquire a 20% stake in Intel's Foundry business.

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.

Not all that long ago, the prospect of chip giant Intel breaking up would have been unthinkable. But Intel’s foundry business has lost billions in recent years and Pat Gelsinger, the CEO who championed Intel’s beleaguered foundry,