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.

Intel’s interim Executive Chairman Frank Yeary has reportedly been holding talks with both suitors and officials from the Trump administration, who are worried about the fate of a company that is still viewed as critical to U.S. national security. Yeary has reportedly said his main focus is to maximize value for Intel’s shareholders.

Intel is rising but a potential split of the company’s operations between Taiwan Semiconductor Manufacturing and Broadcom faces major hurdles.