Salty tech battle… China's chip supply is getting crushed like a bag of Lay's stuffed in a backpack. On Tuesday the Biden admin announced new restrictions intended to restrict China's access to American-made semiconductors that could be used in military tech. The US gov't says the expanded policy isn't meant to hurt China economically, and most chips that run smartphones, laptops, and other consumer tech will be unaffected.

• Chip dip: Shares of US chipmakers including Nvidia, AMD, and Intel fell on the news.

• Still hot: Nvidia said it didn't expect the rules to have "a near-term meaningful impact" on its financials.

Workin' around workarounds… The rules are meant to spackle cracks left by previous chip-export curbs. (Recall: President Biden intro'd sweeping restrictions on the Chinese semiconductor industry last year.) To prevent China from using other countries as US tech straw buyers, companies now have to get special licenses to export advanced chips to dozens of countries. Plus, some Nvidia-made chips allowed under the previous rules are now off limits to China. As are "chiplets" — the tiny puzzle-like pieces that can be combined for more power.

• Chip-petitors: The fresh measures also limit US shipments to Biren and Moore Threads, both Chinese semiconductor startups founded by ex-Nvidia employees.

Crackin' the whip could lead to whiplash… Measures intended to affect China's chip industry could come back to bite US biz. Five years ago, China was the leading importer of American semiconductors. Now, as the US continues to cut back on trade with China, the US's leading semiconductor trade group said there's a risk of Uncle Sam's policy doing more harm to the industry than it does good for national security.

Let the games begin… The NBA is winning big with fans abroad. StubHub said that as of a week before the season starts, ticket sales are 60% higher than this time last year. One factor: StubHub says this season's expected to draw more than 2X the number of international fans — from 92 different countries — as last season did.

• Viral roster: International stars like the Nuggets' Nikola Jokić and the Bucks' Giannis Antetokounmpo have helped spotlight the sport outside the US.

• All-star ratings: Last year's NBA playoffs were the most watched in half a decade.

Stateside sports boom… American leagues are battling for a shot at becoming the MVP of global entertainment. The NFL is set to showcase three games in London and two in Germany this season, including a matchup between the Chiefs and the Dolphins. (They're hot tickets: that Chiefs-Dolphins game sold out in 15 minutes.) Meanwhile, Major League Soccer's Inter Miami is expected to rake in a record $200M in revenue next year after Argentine icon Lionel Messi joined the team in July.

International fans can lead to local wins... As live sports find new audiences through screens, not all fans are content with watching from home. Now they're hoppin' on flights, uniting in the stands, and supercharging live events. And it's not just the major leagues that win when fans cross borders: T. Swift's blockbuster "Eras" tour, which had some fans traveling halfway around the world, was expected to generate about $5B in the US alone (higher than the GDP of 50 countries).