News Truck with $1.8M in smuggled electronics seized by Hong Kong Customs — 670,000 undeclared chips 670,000 chips and about 80,000 PC hardware components

The reel-like spools are for bulk surface mount components, such as resistors and capacitors. They're usually fed into pick and place machines that automate the application during PCB assembly and solder coating, but sometimes techs will have them at a small station for doing reflow or repair work.