An Intel Corp. chip. Photo by I-HWA CHENG/AFP via Getty Images files

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 per cent — a move that has added more than US$50 billion in market value. The pact, which will bring US$5 billion to Intel’s coffers through a share sale, follows U.S. President Donald Trump ’s plan to accelerate the payment of US$8.9 billion in funding already pledged to Intel and a US$2 billion investment from SoftBank Group Corp.

What those deals fail to provide is a big customer tha

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