Intel's pullback comes on the heels of a 16% jump for the stock in yesterday's trading following a report that the company could sell its Altera division and other acquisition speculation. But investors are weighing the outlook on potential sale scenarios for Intel, and the company's share price is also being pushed lower due to tariff news.

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,