As demand for AI computing power continues to surge, traditional Apple supply-chain manufacturing heavyweights are accelerating their transformation, extending into higher-margin segments such as AI servers and advanced cooling.
Two of China's major Apple suppliers, Lens Technology and Lingyi iTech (Guangdong) Company, have recently launched a series of acquisitions targeting Nvidia rack assembly and liquid-cooling technologies, aiming to secure strategic positions ahead of the expected AI infrastructure build-out peak in 2026.
Lens Technology recently announced plans to acquire 100% of PMG International via a cash transaction, a move that would give it indirect control of Yuans Group (Zhejiang) with a 95.1% stake.
The deal has drawn significant industry attention, as Yuans Group has already secured supplier qualification and contract manufacturing certification within Nvidia's server rack and cabinet supply chain. Following the acquisition, Lens Technology is expected to leverage its precision manufacturing capabilities to connect more directly with the world's leading AI chip vendor, substantially shortening the validation cycle required to enter the server hardware market.
Meanwhile, fellow Apple supply-chain player Lingyi iTech disclosed on the evening of December 22 that it plans to invest CNY875 million (approx. US$124 million) to acquire 52.78% of the voting rights in Dongguan Readore Technology.
Dongguan Readore is a specialist in thermal management, with core products including server liquid-cooling quick-disconnect connectors, liquid-cooling manifolds, and single-phase liquid-cooling modules.
Lingyi iTech said the transaction is aimed at securing liquid-cooling certifications from international customers. Through an integrated "structural components plus thermal" strategy, the company plans to combine its chassis and module manufacturing capacity to deliver complete hardware solutions for AI servers.
Lens Technology and Lingyi iTech have stepped up their moves in quick succession, using decisive acquisitions to secure critical entry tickets into the AI server supply chain.
Article translated by Levi Li and edited by Jack Wu
