(Bloomberg) — Intel Corp. (INTC) 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. Most Read from Bloomberg The company’s new partnership with Nvidia Corp. (NVDA) 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 thro ...

Core Viewpoint - Taiwan Semiconductor Manufacturing Company (TSMC) stock has shown resilience, gaining 2.1% despite a broader market decline, indicating investor confidence amid market volatility [1]. Group 1: Stock Performance - TSMC stock rose by 2.1% during a trading session where the S&P 500 and Nasdaq Composite fell by 0.3% and 0.4%, respectively [1]. - The stock is gaining traction following reports that TSMC will not pursue the acquisition of Intel's chip foundry business, which could have been a costly endeavor [2]. Group 2: Intel's Foundry Business - Intel's foundry business has been facing significant challenges, accumulating billions in losses annually and struggling to secure major contracts from third-party customers [3]. - Speculation has arisen regarding potential acquisitions or joint ventures involving TSMC, Nvidia, and others to take over Intel's struggling foundry unit [3]. - The uncertainty surrounding Intel's foundry business raises concerns for TSMC investors, as the potential acquisition could lead to long-term risks without guaranteed returns [4]. Group 3: Market Implications - If Intel's foundry business were to become a leading provider of foundry services for AI chips and high-performance semiconductors, it could significantly boost stock performance [4]. - However, investing in Intel's foundry unit poses risks for TSMC, as there is no assurance of success, contributing to recent stock volatility for both companies [4].