Intel Corp. shares are flying high after the firm secured a string of high-profile backers, but the cash infusions have done little to fix the company’s biggest problem - its money-losing chip-making operations.

The company’s new partnership with Nvidia Corp. sent Intel’s shares soaring last week, pushing this year’s advance to 48% - a move that’s added more than $50 billion in market value. The pact, which will bring $5 billion to Intel’s coffers through a share sale, follows US President Donald Trump’s plan to accelerate the payment of $8.9 billion in funding already pledged to Intel and a $2 billion investment from SoftBank Group Corp.

What those deals fail to provide is a big customer that can get Intel’s expensive chip plants operating near full capacity, however.

Shares rose 0.4%

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