Broadcom reportedly has some interest in Intel’s design business. But one analyst says “a lot seems like it needs to happen” for a deal to become reality.

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.