U.S. President Donald Trump is injecting nearly $9 billion into Intel in exchange for a 9.9% equity stake. But the money - which the struggling chipmaker was slated to receive anyway under a federal funding act - will not be enough for its contract-chipmaking business to flourish,

Intel's statement followed remarks from Trump that Washington would gain a direct stake in the chipmaker under a new agreement.

The deal is among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 financial crisis.