INTC - Why Intel Shares Are Falling Tuesday | Benzinga
Intel Corporation (NASDAQ: INTC) shares are trading lower by 3.8% to $35.16 Tuesday morning. Shares of several semiconductor stocks are trading lower after the Biden administration said it plans to halt advanced AI chip shipments to China.
What Happened?
Per Reuters, the U.S. government introduced new rules to prevent China from using U.S. AI technology for military purposes. These rules restrict chip shipments to China, Iran, and Russia and blacklist ...