LUXSHARE ICT (02475.HK)(002475.SZ), one of Apple's suppliers, closed its Hong Kong public offering at noon today (July 6). Its public offering was preliminarily around 3.81x oversubscribed, with about 47,000 subscribers, according to market talks.

LUXSHARE ICT plans to globally offer 383 million H shares, with the Hong Kong public offering accounting for about 10% and the international placing portion accounting for about 90%.

The maximum offer price is set at HKD63.28 per share, with expected fundraising of up to about HKD24.266 billion. With a board lot size of 100 shares, the entry fee is about HKD6,391.82. The stock is expected to list on July 9.

A total of 26 cornerstone investors were introduced in this IPO, including Temasek, GIC, Abu Dhabi Investment Authority and TENCENT (00700.HK), which collectively subscribed for shares equivalent to about USD1.5 billion.
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The manufacturing of printed circuit boards (PCBs) for NVIDIA Corporation (NVDA.US)'s next-generation AI server rack system Kyber NVL144 has hit impasse, resulting in a delay of more than one year, research firm SemiAnalysis said in an X post.

Following the news, KB LAMINATES (01888.HK) plunged 13.68%, while KINGBOARD HLDG (00148.HK) also nosedived 9.83%. Japan PCB manufacturer Ibiden (4062.JP), for which Nvidia is the largest customer, closed down 8.37%, while Samsung Electro-Mechanics also tumbled 8.09%.
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XIAOMI-W (01810.HK)'s smartphone division recently underwent personnel adjustments, Chinese media reported.

Ge Weiyan, formerly general manager of the Shenzhen regional unit, has been reassigned as general manager of the smartphone camera department. He will subsequently report to Xu Chunli, vice president of XIAOMI-W's smartphone division and general manager of the hardware engineering department.

Ge Weiyan had previously worked at QUALCOMM Incorporated (QCOM.US) and Apple Inc. (AAPL.US), information showed. He joined XIAOMI-W in 2014.
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Based on industry checks, Apple (AAPL.US)'s foldable iPhone assembly shipments in 2H are estimated at around 7-8 million units, of which 3Q shipments will only total 500,000 to 1 million units, said Ming-Chi Kuo, a reputable Apple analyst at TF International Securities.

By comparison, iPhone 18 Pro and Pro Max shipments in 3Q are projected at about 20-22 million units. This means the foldable iPhone is highly likely to repeat the situation seen with the iPhone X in 2017, when pre-orders and official sales began later than other models.

He added that the foldable iPhone may not be open for pre-orders and official sales until 4Q. Even with a selling price of about USD2,300-2,500, demand momentum is expected to remain strong at least through the end of this year.

He believed the device could sell out immediately after pre-orders open, with delivery waiting times quickly extending to 4-6 weeks and lasting through December. Resale prices may reach 50-100% above the official retail price.
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Samsung Electronics will release its 2Q results tomorrow (7th). Propelled by memory chip woes and global AI inference infrastructure demand, LSEG SmartEstimate, which compiled estimates from 30 analysts, forecast 2Q operating profit of KRW86 trillion (equivalent to approximately USD56.35 billion), surging more than 17x YoY and likely marking a record high for a third consecutive quarter.

Samsung is a major memory supplier to NVIDIA Corporation (NVDA.US), Google and Apple Inc. (AAPL.US). Analysts expected the memory market supply shortage to continue at least until next year.

Citi said last Thursday (2nd) that DRAM and NAND memory prices in 2Q jumped up 44% QoQ and 53% QoQ, respectively. However, Reuters cited analysts as saying that a potential delay in future AI infrastructure investment is currently the biggest risk facing the memory boom.
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GALA TECH HOLD (02458.HK) announced that on July 3 it sold 3,000 shares of Micron Technology, Inc. (MU.US) through the open market for a total consideration of approximately USD3.0313 million, with an average selling price of approximately USD1,010.43 per share.

The company expected to recognize a gain of approximately USD1.9134 million from the disposal. Following completion of the disposal, the group still holds 5,003 shares of Micron.

Previously, between April 16 and 21, 2026, GALA TECH HOLD sold a total of 8,720 shares of Micron through the open market for a total consideration of approximately USD3.9631 million.
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CHANGSHA, China, July 3, 2026 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion") recognized five technological achievements in hybrid power and electric drive at its 7th Science and Technology Innovation Conference on June 16, highlighting its push to accelerate the application of new-energy technologies across construction machinery, agricultural machinery, and mining equipment.

Among the recognized achievements were an ultra-high-horsepower hybrid tractor, electric-drive and intelligent control technologies for large equipment, distributed electric-drive technology for mobile cranes, series-hybrid, all-electric-drive technology for combine harvesters, and a patent portfolio covering hybrid systems in new-energy high-horsepower tractors. Together, they reflect Zoomlion's broader new-energy capabilities in developing greener, more intelligent equipment across business segments.

A key part of this effort is Zoomlion's dedicated new-energy technology development platform, which supports the group through electric-drive system architecture, customized development of core components, and technical collaboration with equipment business units. Zoomlion has built a new-energy product portfolio spanning construction, mining, and agricultural machinery, covering battery-electric, hybrid, and hydrogen fuel cell powertrains, as well as battery-swapping and plug-in charging solutions. The Company developed nearly 60 new-energy products in 2025 and currently offers 240 such products. Its capabilities span complete equipment solutions, batteries, motors, controls, and fuel cell systems, supported by in-house lithium battery and hydrogen fuel cell development and testing.

Among the recognized achievements, new-energy agricultural machinery provides a representative example. Zoomlion's hybrid control technology has already been widely applied in new-energy tractors and wheat harvesters, helping to reduce fuel consumption through more efficient energy management. Zoomlion's hybrid wheat harvester has delivered approximately 30% fuel savings, while its hybrid tractor has achieved around 8%. Chassis-by-wire technology has also been deployed in Zoomlion's unmanned mining trucks, supporting deployment at scale and safe braking under demanding site conditions through a three-level braking architecture combining retarder braking, electric braking, and mechanical braking.

Ou Biao, Director of the Vehicle Control Institute at Zoomlion New Energy Technology Company, said: "For our team, this recognition is both a validation of the engineers' work and an encouragement to keep going. Developing new-energy products requires repeated field testing in mines, farmland, and other demanding operating environments. These honors motivate us to stay close to customer needs and keep pushing through difficult technical challenges."

Zoomlion is committed to continuing the development of new-energy equipment and bringing its engineers closer to customers worldwide to better understand local needs.

Samsung Electronics is actively negotiating plans to raise DRAM prices by as much as 20% QoQ in 3Q, aiming to maximize group profits as supply shortages triggered by AI infrastructure investment spread across all product lines, according to foreign media reports. SK Hynix is also reportedly seeking a similar increase.

Samsung has taken the most aggressive approach in price hike negotiations due to its higher proportion of DRAM production, sources said. Samsung's average selling price for DRAM swelled by more than 90% QoQ in 1Q26, while prices were estimated to rise another 50% to 60% in 2Q26.

Spurred by the news, Samsung shares in South Korea closed up 8.22% at KRW309,500, while SK Hynix rallied 10.88% to KRW2.425 million. In Hong Kong, XL2CSOPHYNIX (07709.HK) closed up 6.57%, while XL2CSOPSMSN (07747.HK) also leaped 11.59%.
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Shanghai recently launched a special rectification campaign to regulate the order of online information dissemination in the automotive industry.

With a view to strengthen the multi-party communication and consultation mechanism and explore collaborative governance paths, the Cyberspace Administration of the Shanghai Municipal Committee, together with multiple departments, jointly held yesterday (2nd) a four-party forum involving the government, associations, automakers and platforms.

Platform companies including Xiaohongshu, BILIBILI-W (09626.HK), Douyin and BIDU-SW (09888.HK) introduced measures to reinforce the review of automotive-related information content and handle enterprise-related infringement information.

Representatives from the Shanghai Auto Parts Industry Association as well as SAIC Motor, BYD COMPANY (01211.HK), Tesla, Inc. (TSLA.US), NIO-SW (09866.HK), XPENG-W (09868.HK), and LI AUTO-W (02015.HK) put forward opinions and suggestions on curbing industry disorder and safeguarding corporate rights and interests.
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LENS (06613.HK) said on an investor interaction platform that the company has jointly developed and validated 22-layer glass core substrates together with North American and South Korean chip foundry and advanced packaging clients. Validation by the South Korean client has largely been completed, while validation work with the North American client is progressing smoothly.

The company is also advancing construction of a dedicated TGV glass substrate facility with a floor area of 30,000 ping, which is expected to commence production before year-end to match customer demand. The glass substrate-related business has not yet generated revenue and future prospects remain uncertain.

When asked about supplies for Apple Inc. (AAPL.US)'s foldable smartphones, LENS responded that the company provides structural components including UTG ultra-thin flexible glass, glass support plates, PET films and 3D glass cover plates for foldable smartphones. Shipments and deliveries to major clients began at the end of 2Q.
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