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 billion) in a share sale in the city.

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

The firm, which is a key supplier for AirPods and iPhone, is step closer to joining other mainland Chinese tech heavyweights in HKEX listing.

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…