Investors are selling out of Intel stock after Taiwan Semiconductor Manufacturing 's CEO visited the White House yesterday and announced a $100 billion investment to expand its U.S. manufacturing capacity. Some investors have been hoping that TSMC will buy Intel's foundry business, and yesterday's news left them disappointed.

Intel rivals Taiwan Semiconductor Manufacturing Co and Broadcom are reportedly exploring potential deals that could split the storied American chip giant. Broadcom has examined Intel's chip design and marketing unit,

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Intel stock fell Wednesday, ending a massive upswing that saw the stock notch its biggest five-day gain in its history as a publicly traded company.