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Apple suppliers Luxshare Precision and Lingyi iTech are raising billions in Hong Kong to pivot from smartphone parts to AI hardware and humanoid robots. Luxshare seeks about $3 billion in a listing. Lingyi raised HK$8.3 billion ($1.1 billion), pricing at the top of its range and turning away over 100 orders.
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Summary by ByteBrief
Acumino raises $11.7m seed round