Prime Highlight:
- Luxshare shares jumped 10% after reports that it is working with OpenAI on a new consumer device.
- The partnership could bring Luxshare into a stronger global position as it expands beyond Apple products.
Key Facts:
- Luxshare’s stock is up more than 50% in 2025 and hit its daily trading limit on the Shenzhen Stock Exchange after the report.
- The company is also considering a secondary listing in Hong Kong later this year to attract more investors.
Key Background:
Luxshare Precision, a major Apple supplier, saw its shares jump 10% on Monday after reports said it is working with OpenAI on a new device. This rise adds to the company’s strong performance this year, with its stock now up over 50% in 2025.
According to a report from The Information, Luxshare has already started developing a prototype of the device. Sources indicate that it could resemble a smart speaker without a screen, positioning it in direct competition with popular products like Apple’s Siri-based devices and Amazon’s Echo. The first launch is expected by late 2026 or early 2027.
This move shows OpenAI’s growing interest in hardware. The company, led by Sam Altman, has been expanding beyond its software products by hiring former Apple and Meta experts to lead its device division. Earlier this year, OpenAI also bought Jony Ive’s hardware startup, io Products, in a $6.4 billion deal. Ive, the designer behind many of Apple’s most famous products, is likely to help shape the new devices.
For Luxshare, this partnership could be an important step in widening its portfolio. The Chinese company already helps make Apple products like AirPods and the Vision Pro headset. Reports also say OpenAI has talked with Goertek, another Apple supplier, to provide parts such as speakers for its new devices.
Luxshare might also list its shares in Hong Kong later this year, which could help it grow worldwide and attract more investors.
Although neither Luxshare nor OpenAI has confirmed the news, investors have reacted strongly. After the report, Luxshare’s stock hit its daily trading limit on the Shenzhen Stock Exchange.
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