Micron Acquires Powerchip Fab for 18B to Expand DRAM Output

Micron Acquires Powerchip Fab for 18B to Expand DRAM Output

Micron Technology plans to acquire a Fab from Powerchip Semiconductor Manufacturing Corp. (PSMC) for $1.8 billion, aiming to increase DRAM capacity and address the growing demand in the memory chip market. The acquisition adopts an "asset acquisition + strategic partnership" model, with PSMC transitioning into a foundry partner for Micron. The transaction is subject to regulatory approval and, if successful, will strengthen Micron's market position and provide a new cooperation paradigm for the semiconductor industry. This move signifies Micron's commitment to expanding its manufacturing capabilities.

01/30/2026 Logistics Industry Insights
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New Direct Flight Connects Saudi Arabia and South Korea

New Direct Flight Connects Saudi Arabia and South Korea

Saudi Arabia and Seoul, South Korea are approximately 7500 kilometers apart, requiring a 9-hour direct flight. Despite significant cultural differences, the two countries maintain strong economic and trade relations. Saudi Arabia is a major oil supplier to South Korea, while South Korea is a significant export market for Saudi Arabia. Air transport serves as the primary connection, with frequent political visits and expanding areas of cooperation. This relationship highlights the growing interconnectedness despite geographical and cultural disparities, focusing on economic benefits and diplomatic ties.

01/30/2026 Logistics Encyclopedia
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US Seaports Face Congestion Labor Gaps and Aging Systems

US Seaports Face Congestion Labor Gaps and Aging Systems

US seaports are facing multiple challenges including container congestion, inadequate infrastructure, and labor shortages, leading to shipping delays and increased costs, significantly impacting the global economy. The US government and port authorities are actively taking measures, such as increasing port investment, strengthening international cooperation, and exploring technological solutions, to improve the current situation and reshape port competitiveness. These efforts aim to alleviate bottlenecks, enhance efficiency, and ensure the reliable flow of goods through American ports, mitigating the negative economic repercussions of the existing challenges.

01/30/2026 Port Encyclopedia
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Gambia Revenue Authority Boosts HR Management with WACAM Support

Gambia Revenue Authority Boosts HR Management with WACAM Support

With support from the WACAM project funded by the Swedish government, the Gambia Revenue Authority (GRA) pioneered the implementation of the WCO's competency-based Human Resource Management approach in West and Central Africa. A WCO expert team conducted a comprehensive review of GRA's key HR management tools, providing recommendations for improvement and an implementation plan. Modernizing HR management at GRA will enhance tax administration efficiency, optimize taxpayer services, and foster regional cooperation. This initiative marks a significant step towards improved governance and revenue collection in the region.

01/30/2026 Customs Knowledge
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Botswana Strengthens Environmental Customs Enforcement Under Global Pacts

Botswana Strengthens Environmental Customs Enforcement Under Global Pacts

The World Customs Organization (WCO), in collaboration with UNEP and others, held a workshop for Botswana Customs to enhance awareness of the Basel and Montreal Conventions and strengthen controls over the cross-border movement of hazardous waste and ozone-depleting substances. The workshop fostered cooperation between customs and environmental agencies. Further technical assistance is planned to support the implementation of the WTO Trade Facilitation Agreement. This initiative aims to bolster Botswana's capacity in enforcing environmental regulations and facilitating legitimate trade while preventing illegal trafficking of harmful materials.

01/30/2026 Customs Knowledge
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WCO Urges Digital Shift Regional Ties to Boost African Trade

WCO Urges Digital Shift Regional Ties to Boost African Trade

The Secretary General of the World Customs Organization attended the East and Southern Africa Regional Customs Research Conference, emphasizing the importance of digital transformation and regional cooperation for African trade development. The conference focused on the impact of emerging issues on customs and trade, calling for enhanced data utilization, talent development, and collaboration with the private sector to promote the construction of the African single market. The World Customs Organization will continue to support African customs development and contribute to the prosperity of African trade.

01/30/2026 Customs Knowledge
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Jiangxi Ecommerce Association Expands Global Training for Members

Jiangxi Ecommerce Association Expands Global Training for Members

The Jiangxi E-Commerce Association, in collaboration with the Jiangxi Provincial Center for International Education Cooperation and Teacher Development, held a "Study Abroad Planning and Study Tour Sharing Session." This event aimed to provide professional international education consulting services to member companies. The content covered overviews of study abroad destinations, key points for university applications, guidance on choosing majors, and introductions to officially-backed study tour programs. The goal was to help the children of member company employees achieve their dreams of studying abroad.

02/02/2026 Logistics Industry Insights
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Argentina Adopts WCO Data Model with Chinas Backing

Argentina Adopts WCO Data Model with Chinas Backing

With the support of the China Customs Cooperation Fund, the WCO successfully held a Data Model Workshop in Argentina. The workshop aimed to assist Argentine Customs and related agencies in adopting the WCO Data Model, building a harmonized national data directory, and enhancing digitalization and trade facilitation capabilities. The workshop included technical analysis, practical exercises, and case studies, injecting new momentum into the digital transformation of Argentine Customs. The goal is to improve data standardization and streamline trade processes, contributing to overall economic growth.

02/02/2026 Customs Knowledge
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WCO Adopts Data Analytics to Boost Trade and Security

WCO Adopts Data Analytics to Boost Trade and Security

The 215th/216th sessions of the WCO's Permanent Technical Committee focused on the application of data analysis in customs, highlighting its importance in trade facilitation, supply chain security, and e-commerce regulation. Discussions covered the implementation of the Trade Facilitation Agreement, integrated supply chain management, future technology applications, and customs-tax cooperation. The aim was to enhance the regulatory and service capabilities of customs administrations and promote global trade development. This involved exploring how data-driven insights can optimize processes and improve efficiency within customs operations.

02/02/2026 Customs Knowledge
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WCO Private Sector Collaborate to Strengthen Global Supply Chains

WCO Private Sector Collaborate to Strengthen Global Supply Chains

The World Customs Organization (WCO) Private Sector Consultative Group (PSCG) met and engaged in dialogue with the WCO Policy Commission (PC), focusing on business recovery, the WCO Data Strategy, and Green Customs. Both parties emphasized strengthening cooperation to normalize trade facilitation measures and leveraging data and technology to promote sustainable development, jointly building a more resilient global supply chain. The discussions highlighted the importance of collaboration between the public and private sectors in addressing current challenges and fostering a more efficient and sustainable global trade environment.

02/02/2026 Customs Knowledge
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