[News] China’s Apple Supplier Lens Tech Pivots to AI, Acquires NVIDIA-Certified Server Rack Maker

One of China’s key Apple suppliers is making an unexpected push into the AI era. Consumer electronics giant Lens Technology plans to acquire 100% of PMG International, according to Commercial Times and Anue, giving it indirect control of Yuans Technology and access to server-rack and liquid-cooling capabilities—opening a pathway into NVIDIA’s supply chain.

The reports note that Lens Technology announced late on the 10th that it intends to purchase all shares of PMG International, thereby securing roughly 95.12% ownership of Yuans. Founded in 2003 and based in Jiaxing, Zhejiang, the company specializes in metal components, mold manufacturing, and related technical services, as per the reports.

Notably, Anue reports that Yuans supplies rack enclosures for NVIDIA’s GB200 and GB300 platforms and holds both AVL (Approved Vendor List) and RVL (Recommended Vendor List) certifications directly from NVIDIA.

The report adds that as Yuans’ other shareholder is Taiwan-based Pintec Technology, with both companies sharing the same chairman, Lu, this cross-company connection suggests that Lens Technology’s acquisition would deliver a dual benefit: immediate access to Yuans’ NVIDIA-certified rack products, plus potential integration of Pintec’s liquid-cooling technologies.

Pintec Technology also boasts an impressive client lineup. According to Anue, the company serves major global server and system brands, currently supplying thermal modules to AMD, NVIDIA, and Foxconn for AI chips and servers, including NVIDIA’s GB200 and GB300 platforms.

Lens Technology’s Ambition

According to nbd.com, Lens Technology’s planned acquisition of an AI-server supply-chain player marks a new expansion beyond its core consumer-electronics business. As one of Apple’s key suppliers, the company known for its significant market share in touch sensor glass panels manufactures a wide range of products for the Cupertino giant, including the iPhone, Apple Watch, Mac, and Apple Vision Pro, the report adds.

However, in recent years, Lens has also been working to reduce its reliance on Apple by pursuing new growth drivers, extending into AI glasses, robotics, and smart vehicles. According to the report, in February, it became the full-device assembly partner for China’s domestic AR brand Rokid. In robotics, active since 2016, the company now reportedly covers liquid-metal materials, six-axis force sensors, head and joint modules, and dexterous hands.

The company is also making a strong push into the AI server space. According to Securities Times, Lens Technology said at a November investor briefing that it is building out its AI computing infrastructure, starting with server chassis components and expanding into liquid-cooling modules and SSD assemblies. Chassis parts are already shipping, with SSD assembly set to reach scale in 2026, the report notes.

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(Photo credit: NVIDIA)