Apple’s Top Suppliers Bet Big on Robots and AI Hardware

Two giant Apple suppliers are making bold moves. They are racing to Hong Kong’s stock market to raise billions for a future powered by AI and robots. These companies are Luxshare Precision Industry and Lingyi iTech. Both are pivoting from their roots in precision electronics toward the next wave of smart tech.

The Hong Kong IPO Surge

Lingyi iTech already raised HK$8.3 billion—about $1.1 billion—in a secondary listing on June 24, 2026. It priced its shares at HK$10.18, right at the top of its range. The company sold 811.8 million shares to fund its new ventures. Just two days earlier, on June 24, Luxshare passed a crucial listing hearing for its own Hong Kong debut. Luxshare aims to raise about $3 billion, making it one of the biggest IPOs in Hong Kong this year.

Both companies are making the same bet twice. They want to fuel their shift into AI hardware, robotics, and futuristic consumer devices. This is a clear sign of their ambitions to lead the next tech revolution.

Luxshare’s Leap into the Future

Luxshare’s growth is staggering. Its shares on Shenzhen’s stock market have more than doubled over the past year. This surge pushed its market value above $77 billion. In 2025, Luxshare reported revenue of 332.3 billion yuan, or $48.9 billion, up 24% from the previous year. Net profit also climbed 24%, reaching 16.6 billion yuan.

Grace Wang, Luxshare’s chairwoman and CEO, started her journey on a Shenzhen production line in 1988. She founded the company in 2004, and it has since expanded beyond Apple. Luxshare now plays key roles across Asia, North America, and Europe. It is active in 5G infrastructure, automotive electronics, and smart manufacturing.

Luxshare is also pushing sustainability hard. Their latest report shows 64% of their energy comes from clean sources. They cut Scope 1 and 2 emissions by 25% compared to 2022. Women hold 37.5% of board seats, signaling a strong focus on diversity.

Lingyi iTech’s Robot Revolution

Lingyi iTech built its reputation on precision electronic components and intelligent manufacturing. But now, it is charging headfirst into AI hardware and robotics. Lingyi launched an Embodied Intelligence Super Factory in Beijing. This factory targets an annual production capacity of 500,000 humanoid robots by 2030. That’s a huge jump from the 10,000 units it produced in 2023.

Lingyi’s profits last year mostly came from imaging and display components. But the company has big plans to change that. It wants to be a top-three global player in embodied-intelligence hardware. It is building partnerships with over 20 Chinese robotics firms and major North American robotics customers.

By the end of last November, Lingyi had assembled or supplied components for 5,000 humanoid robots. Its $1.1 billion Hong Kong IPO proceeds are earmarked for:

• AI hardware development
• Humanoid robotics expansion
• AI server technologies
• Smart glasses and foldable devices
• Thermal management solutions

Lingyi’s shares on Shenzhen’s A-share market have doubled in a year, lifting its market value from $14-18 billion to about $21 billion.

What’s Driving This Race?

Apple’s suppliers are betting on a future where AI hardware and robotics become central to tech. Luxshare and Lingyi see this as the next frontier beyond smartphones and traditional electronics. The billions raised in Hong Kong will fund factories, R&D, and new product lines.

Lingyi’s vision of 500,000 humanoid robots per year is bold. It mirrors a global shift toward embodied intelligence—machines that think, act, and interact more like humans. Luxshare’s broad footprint across 5G, automotive, and smart manufacturing shows it’s ready to support this shift.

These companies are not just suppliers. They aim to become tech leaders in their own right. Their IPOs mark a major step in China’s push to dominate AI hardware and robotics industries.

Looking Ahead

The next few years will be thrilling. Will Lingyi hit its 2030 robot production targets? Can Luxshare push further into new tech sectors? Both companies have the money and momentum to make waves.

Expect to see new AI-powered robots, smart wearables, and cutting-edge hardware emerge from China’s tech factories. Apple’s suppliers are gearing up to lead this charge. The robot revolution is not far off—it’s happening now.