Core Viewpoint - The article highlights the strategic moves of Lingyi iTech, a key player in Apple's supply chain, focusing on its recent acquisition of a stake in a liquid cooling company, Limin Da, and its broader strategy to diversify into high-growth sectors, particularly in the AI and automotive industries [5][12]. Company Background - Lingyi iTech, founded by Zeng Fangqin in 2006, initially focused on precision parts for mobile phones, particularly for Nokia [7]. - The company gained prominence by securing orders from Apple, overcoming stringent quality and pricing demands [9][11]. - By 2024, Lingyi iTech's revenue reached 442.11 billion, with a market capitalization of 1,125 billion by the end of 2025, marking significant growth since its listing [11][12]. Recent Acquisition - Lingyi iTech announced the acquisition of a 35% stake in Limin Da for 875 million, with a valuation of Limin Da's total equity at 2.51 billion, reflecting a 34-fold premium [15][16]. - Limin Da is recognized for its collaboration with NVIDIA, providing critical cooling components for high-performance servers, which aligns with Lingyi iTech's strategic focus on AI and computing technologies [16]. Strategic Shift - The company has been actively restructuring its business by divesting non-core operations, such as its logistics and trade services, which previously accounted for 40.97% of its revenue in 2017 [13]. - Lingyi iTech has expanded into high-growth areas, including medical devices and electric vehicles, through various acquisitions [13][15]. Market Positioning - Lingyi iTech's recent moves position it as a comprehensive solutions provider in the AI and automotive sectors, with a product line that includes AI smartphones, wearable devices, and components for clean energy [15]. - The acquisition of Limin Da is seen as a strategic step to enhance its capabilities in the liquid cooling market, complementing its existing product offerings [16]. Industry Context - The article notes that other major players in the Apple supply chain, such as Luxshare Precision and Lens Technology, are also vying for positions within NVIDIA's supply chain, indicating a competitive landscape [17]. - The trend reflects a broader shift in the industry, where traditional supply chain companies are adapting to the demands of AI and high-performance computing markets [17].