Apple supplier Lingyi iTech raised $1.1 billion in its Hong Kong IPO, pricing at the maximum HK$10.18 per share with plans to invest in AI hardware and

The Shenzhen-listed components maker is using a Hong Kong float to fund its push into AI servers, smart glasses and robotics.

Apple iPhone component supplier Lingyi iTech plans second listing as it expands into humanoid robotics, AI servers

Apple supplier Lingyi iTech raised $1.1 billion in its Hong Kong IPO, pricing at the maximum HK$10.18 per share with plans to invest in AI hardware and

Apple suppliers Luxshare and Lingyi are racing to Hong Kong, raising billions to pivot from smartphone parts to AI hardware & humanoid robots.

Lingyi iTech raised $1.06 billion in its Hong Kong secondary listing, attracting 21 cornerstone investors as the Apple supplier bets big on AI expansion.

Shares of Lingyi iTech opened 6% higher in the Chinese precision parts maker's Hong Kong debut on Friday, after the Apple supplier raised about HK$8.3 billion ($1.06…