Intel Corporation (NASDAQ:INTC) shares are trading lower by 1.1% to $35.68 Wednesday morning. Semiconductor stocks have experienced heightened volatility this week following the announcement by the Biden administration that it intends to cease shipments of advanced AI chips to China.

What Happened?

The U.S. government has imposed new rules aimed at preventing China from utilizing American AI technology for military objectives, per a report by Reuters. These rules involve limitations on chip exports to China, Iran and Russia, and the blacklisting of two Chinese chip manufacturers.

The objective is to curtail China's access to chips that could bolster its military capabilities while minimizing harm to its economy, as explained by Commerce Department Secretary Gina Raimondo.

See Also: U.S. Fires Another Shot At China's AI Aspirations

What Else?

This uncertainty can result in stock price volatility for the company in the near term.

According to data from Benzinga Pro, INTC has a 52-week high of $40.07 and a 52-week low of $24.73.