Shenzhen-listed Apple supplier Lingyi iTech seeks to raise $1.1B in a June 26 Hong Kong debut, as the electronic parts maker expands into AI hardware and robots (Iris Deng/South China Morning Post)

Techmeme ·

Lingyi iTech is raising $1.1B in Hong Kong to fund expansion into AI hardware and robotics.

Categories: Money & Moves

Excerpt

<a href="https://www.scmp.com/tech/article/3357705/apple-supplier-lingyi-seeks-us11-billion-hong-kong-ipo-fund-ai-and-robotics-push"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260621/i15.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260621/p15#a260621p15" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Iris Deng / <a href="http://www.scmp.com/">South China Morning Post</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.scmp.com/tech/article/3357705/apple-supplier-lingyi-seeks-us11-billion-hong-kong-ipo-fund-ai-and-robotics-push">Shenzhen-listed Apple supplier Lingyi iTech seeks to raise $1.1B in a June 26 Hong Kong debut, as the electronic parts maker expands into AI hardware and robots</a></b></span>&nbsp; &mdash;&nbsp; The Shenzhen-listed components maker is using a Hong Kong float to fund its push into AI servers, smart glasses and robotics</p>