{"id":735264,"date":"2026-06-24T17:45:28","date_gmt":"2026-06-24T14:45:28","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/apple-suppliers-race-to-hong-kong-4bn-in-a-week\/"},"modified":"2026-06-24T17:45:28","modified_gmt":"2026-06-24T14:45:28","slug":"apple-suppliers-race-to-hong-kong-4bn-in-a-week","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/apple-suppliers-race-to-hong-kong-4bn-in-a-week\/","title":{"rendered":"Apple suppliers race to Hong Kong: $4bn in a week"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a421633414ed\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a421633414ed\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/apple-suppliers-race-to-hong-kong-4bn-in-a-week\/#A_June_rush_to_Hong_Kong\" >A June rush to Hong Kong<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/apple-suppliers-race-to-hong-kong-4bn-in-a-week\/#From_AirPods_to_humanoid_robots\" >From AirPods to humanoid robots<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/apple-suppliers-race-to-hong-kong-4bn-in-a-week\/#Luxshares_moment\" >Luxshare\u2019s moment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/apple-suppliers-race-to-hong-kong-4bn-in-a-week\/#The_case_for_caution\" >The case for caution<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"article-main-content\">\n<p><em>Two of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le\u2019s biggest Chinese suppliers are racing to Hong Kong in the same week. Luxshare wants about $3bn, Lingyi just banked $1.1bn. Both are using the cash to pivot from smartphone parts to AI hardware and humanoid robots.<\/em><\/p>\n<p>The companies that build your AirPods are quietly raising a fortune. This week two of them went looking for it in the same place.<\/p>\n<p>Luxshare Precision assembles AirPods and a growing share of iPhones. It has started gauging interest for a Hong Kong listing that may raise about $3bn, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-24\/airpods-maker-luxshare-said-to-gauge-interest-for-3-billion-hong-kong-listing\" target=\"_blank\" rel=\"nofollow noopener\">Bloomberg reported<\/a>. That would rank among the city\u2019s biggest deals this year. Days earlier, fellow Apple supplier Lingyi iTech <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-24\/lingyi-itech-raises-1-1-billion-with-shares-priced-at-maximum\" target=\"_blank\" rel=\"nofollow noopener\">raised HK$8.3bn ($1.1bn)<\/a>. It priced its shares at the very top of the range and turned away more than 100 orders.<\/p>\n<p>The two deals are not a coincidence. They are the same bet, placed twice. China\u2019s hardware supply chain is repricing itself for a new cycle, and it wants offshore capital to fund the shift.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_June_rush_to_Hong_Kong\"><\/span>A June rush to Hong Kong<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"inarticle-wrapper latest channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\">\n<div class=\"channel-cta-img\"><img decoding=\"async\" class=\"js-lazy\" src=\"https:\/\/media.thenextweb.com\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/media.thenextweb.com\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/p>\n<div class=\"channel-cta-input\">\n<p class=\"channel-cta-title\">The \ud83d\udc9c of EU tech<\/p>\n<p class=\"channel-cta-tagline\">The latest rumblings from the EU tech scene, a story from our wise ol&#8217; founder Boris, and some questionable AI art. It&#8217;s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>Hong Kong\u2019s market for first-time share sales has been on a tear. Bloomberg Intelligence expects the city\u2019s listing proceeds to top $43bn this year, a six-year high. June alone is set to bring the most deals of any month in 2026.<\/p>\n<p>The timing is deliberate. By starting to take investor orders before the end of June, companies avoid having to refile updated financial statements. That deadline helps explain why so many names are crowding through the door at once. It is also why Luxshare moved fast.<\/p>\n<p>The firm <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3358183\/apple-supplier-luxshare-precision-industry-passes-hearing-hong-kong-listing\" target=\"_blank\" rel=\"nofollow noopener\">passed a listing hearing<\/a> at the Hong Kong exchange on Tuesday, days after China\u2019s securities regulator gave it the green light.<\/p>\n<p>The pattern is bigger than these two. Mainland firms have been shifting to Hong Kong as the route to a New York float narrows. High-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> debutants now lead the market. The AI developer Zhipu is weighing a multibillion-dollar share sale in the city. The Apple suppliers are a different flavour of the same trade: not frontier software, but the factories that make the hardware real.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"From_AirPods_to_humanoid_robots\"><\/span>From AirPods to humanoid robots<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>What the money funds is the interesting part. Lingyi iTech makes components for consumer electronics, but its pitch to investors looks past the smartphone. The company plans to spend the proceeds on research, capacity and acquisitions as it pushes into AI hardware and humanoid robotics.<\/p>\n<p>That push is concrete. Lingyi is building a super factory in Beijing and has told investors it is targeting 500,000 humanoid robots a year by 2030. The logic is simple. A humanoid robot needs precision motors, sensors, thermal systems and structural parts. Those are the same parts Chinese plants already churn out for phones, cars and drones.<\/p>\n<p>Retooling a smartphone line for robots is an upgrade, not a reinvention. Lingyi is not the only one making the switch either. Rivals such as Lens Technology and AAC Technologies are repurposing their own precision-component plants for robotics.<\/p>\n<p>Lingyi\u2019s numbers give it room to try. Revenue rose 16% to 51.4 billion yuan ($7.6bn) in 2025. Its Shenzhen-listed shares have doubled in a year, lifting its market value to about $21bn. Controlled by founder Zeng Fangqin since 2006, the company drew nearly 300 institutional orders for its Hong Kong tranche, with cornerstone backers including the smartphone maker Honor and Sunny Optical.<\/p>\n<p>The top 10 investors took more than half of the allocation, a sign of how concentrated the demand was. It debuts in the city on 26 June, the biggest maiden offering there since Victory Giant\u2019s $3bn listing in April.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Luxshares_moment\"><\/span>Luxshare\u2019s moment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Luxshare is the heavier weight. Its Shenzhen shares have more than doubled over the past year, giving it a market value above $77bn. Revenue reached 332.3 billion yuan ($48.9bn) in 2025, up 24% on the year. Citic Securities, Goldman Sachs and China International Capital Corp lead the planned listing.<\/p>\n<p>The company also has a story investors like. Chairwoman and chief executive Grace Wang began on a Shenzhen production line in 1988 and founded Luxshare in 2004. This month Fortune named her among the top 10 of its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/luxshare-precisions-grace-wang-ranks-among-top-10-on-fortunes-2026-most-powerful-women-in-business-list-302807092.html\" target=\"_blank\" rel=\"nofollow noopener\">2026 Most Powerful Women in Business<\/a>, the only executive from China to make that tier. Earlier in the year she topped Forbes China\u2019s list of the country\u2019s most successful businesswomen.<\/p>\n<p>Luxshare has spread well beyond Apple too. It now runs across Asia, North America and Europe, with positions in 5G infrastructure, automotive electronics and smart manufacturing. Its latest <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/luxshare-precision-releases-2025-sustainability-report-302807449.html\" target=\"_blank\" rel=\"nofollow noopener\">sustainability report<\/a> says clean energy now covers 64% of its consumption, that absolute Scope 1 and 2 emissions fell 25% against 2022, and that women hold 37.5% of board seats.<\/p>\n<p>The company is targeting carbon neutrality by 2050 and earned a top CDP climate rating for a second year. For a contract manufacturer chasing Western clients and Western capital, that scorecard is part of the pitch.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_case_for_caution\"><\/span>The case for caution<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are reasons to keep a cool head. Both Hong Kong deals priced at steep discounts to the companies\u2019 mainland shares, with Lingyi\u2019s offer set nearly 50% below its Shenzhen close. Investors are clearly hungry, but they are also demanding a margin of safety.<\/p>\n<p>The robot thesis is shakier still. China\u2019s humanoid sector is crowded, and one recent survey found more than 150 firms chasing a market where only 23% of buyers say they are satisfied.<\/p>\n<p>A factory that can make half a million robots is worth little if nobody wants to buy them at a profit. The supply chain has proven it can build at scale. Demand at scale is the unanswered question.<\/p>\n<p>History adds a note of caution as well. China\u2019s market regulator fined Luxshare and the chipmaker Wingtech over a deal-disclosure violation. Even the supply chain\u2019s champions operate under tight official scrutiny.<\/p>\n<p>None of that dims the appetite on display this week. So the open question is not whether China\u2019s hardware giants can raise the money. They plainly can. It is whether the pivot from phones to robots is the next great manufacturing wave, or a very well-funded bet on a market that has yet to arrive.<\/p>\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" target=\"_blank\" >Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/apple-suppliers-luxshare-lingyi-hong-kong-listings\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two of Apple\u2019s biggest Chinese suppliers are racing to Hong Kong in the same week. Luxshare wants about $3bn, Lingyi just banked $1.1bn. Both are using the cash to pivot from smartphone parts to AI hardware and humanoid robots. The companies that build your AirPods are quietly raising a fortune. This week two of them&#8230;<\/p>\n","protected":false},"author":1,"featured_media":735265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/media.thenextweb.com\/2026\/06\/Exchange_Square-Hong-King.avif","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-735264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/735264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=735264"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/735264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/735265"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=735264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=735264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=735264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}