TLDRs;
- Luxshare stock jumped 10% after reports it struck a deal with OpenAI to build a consumer AI device.
- The prototype is said to resemble a screenless smart speaker, with a possible launch in 2026–2027.
- Year-to-date, Luxshare shares are up around 50%, with the company also considering a Hong Kong listing.
- OpenAI’s hardware expansion includes partnerships with Apple veterans, Goertek, and robotics startup Physical Intelligence.
Shares of Luxshare Precision Industry Co., Ltd. (002475.SZ) jumped the maximum daily limit of 10% on Monday, closing at ¥60.95 after reports surfaced of a new partnership with OpenAI.
The Shenzhen-listed company, a longtime Apple supplier, has reportedly signed on to develop a consumer device powered by OpenAI’s large language models, sending investor optimism soaring.
According to The Information, Luxshare is already building a prototype for the project. While details remain under wraps, sources familiar with the matter suggested the device could resemble a smart speaker without a screen, with a launch window targeted for late 2026 or early 2027. Such a product would place OpenAI in direct competition with Apple’s Siri-enabled devices and other AI-powered home assistants.
Stock momentum driven by AI partnership
The 10% surge brings Luxshare’s year-to-date stock gain to around 50%, cementing its reputation as one of the standout performers on the Shenzhen Stock Exchange.
Trading rules in Shenzhen cap daily gains or losses at 10%, meaning the rally represented the strongest possible single-day move for the stock.
Luxshare’s sharp rise reflects growing investor confidence in the company’s ability to diversify beyond its traditional role as a contract assembler for Apple. The reported OpenAI partnership provides a potential foothold in the rapidly expanding AI hardware sector, which has drawn interest from tech giants and startups alike.
Hong Kong listing on the horizon
Alongside its AI hardware ambitions, Luxshare is also said to be weighing a secondary listing in Hong Kong. Such a move would give the company access to a broader base of international investors and potentially unlock new funding sources.
A dual listing could also serve as a hedge against volatility in mainland Chinese markets while strengthening Luxshare’s visibility in the global technology supply chain.
Although no official timeline has been announced, analysts note that a Hong Kong debut could arrive before the AI hardware project enters mass production.
OpenAI’s hardware ambitions
The collaboration marks another step in OpenAI’s aggressive push into consumer technology. Led by CEO Sam Altman, the AI company has been expanding its hardware division under the leadership of Tang Tan, a former Apple executive. Reports suggest OpenAI has also approached other Apple suppliers, including Goertek, to source components like speaker modules for upcoming devices.
Earlier this year, OpenAI partnered with former Apple design chief Jony Ive, acquiring his startup, io Products, in a deal reportedly worth $6.4 billion. Ive, best known for designing Apple’s iPhone and MacBook Air, is expected to play a central role in shaping OpenAI’s hardware lineup.
The company has also bolstered its robotics efforts by hiring the former head of Meta’s AR glasses division and investing in Physical Intelligence, a robotics startup focused on bringing general-purpose AI into physical applications.
Taken together, these moves highlight OpenAI’s intent to evolve from a purely software-driven company into a vertically integrated AI ecosystem, spanning software, hardware, and robotics.
