Asian suppliers to Apple Inc. saw their stock prices advance on Wednesday after a report indicated the technology giants first foldable handset remains on track to be unveiled during its regular September product cycle in 2026.
On Taiwans markets, contract manufacturing leader Hon Hai Precision Industry Co Ltd (TW:2317) - commonly known as Foxconn - climbed 4.5%. Taiwan Semiconductor Manufacturing Co. (TW:2330), the islands dominant chip foundry, rose 4.6%.
In mainland China and Hong Kong trade, several component suppliers posted similar gains. Lens Technology Co Ltd (SZ:300433), Goertek Inc (SZ:002241), and Luxshare Precision Industry Co Ltd (SZ:002475) each rose between 4% and 6%, while AAC Technologies Holdings Inc (HK:2018) increased 5.7% in Hong Kong. These firms supply camera modules, audio components and other parts used in Apples iPhones.
Japans Murata Manufacturing Co (TYO:6981) advanced 5.1%, while South Koreas LG Innotek Co Ltd (KS:011070) added 5.8%.
The moves follow a Bloomberg report on Tuesday that said Apples foldable phone is still expected to arrive by September 2026, countering recent reporting that suggested manufacturing problems could push back the timeline. Separately, a Nikkei Asia piece published the same day had said Apple was encountering difficulties during the engineering test phase for the foldable model, raising the possibility of production delays.
Investors and market participants often view new Apple models as a boon for the companys supply chain because new products typically generate higher orders for parts. The article notes that demand tied to Apples iPhone 17 line had already benefited many of the companys major suppliers.
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Market participants will be watching for further confirmation from Apple and for any updates on engineering or manufacturing progress that could affect production timing and component orders.