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,

The Silicon Valley chipmaker’s journey from icon to a government project, with the sale of a 10 percent stake to the Trump administration, underlines how even the mightiest in tech can fall.

The United States government is making an $8.9 billion investment in Intel, representing a 9.9 percent stake in the company, according to a press release the company published on Friday.

While Intel says the government is making an “$8.9 billion investment in Intel common stock,”   the administration does not appear to be committing new funds.

Defense Secretary Pete Hegseth has fired a general whose agency’s initial intelligence assessment of U.S. damage to Iran nuclear sites angered President Donald Trump.