AirPods Maker Luxshare Seeks Up to $3.1 Billion From Hong Kong Listing
THE SO WHAT
A $3.1 billion Hong Kong raise from Luxshare underlines how much value is accruing to advanced contract manufacturers in consumer hardware. If you're building devices, assume your CM partners will have more capital, more bargaining power, and more ability to move up the stack into design and IP over the next cycle.
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