Luxshare Surges 10% on OpenAI AI Device Deal, Nears 50% Yearly Gain

Luxshare Precision Industry Co. soared by the daily 10% limit in Shenzhen trading following reports of a consumer AI hardware collaboration with OpenAI. The stock's year-to-date advance now approaches 50%, constrained by Chinese exchange volatility limits. Sources indicate prototyping is already underway using ChatGPT's language models, targeting a late 2026 launch for a screenless smart speaker that WOULD compete directly with Apple's Siri ecosystem.

OpenAI's hardware ambitions extend beyond software partnerships. The AI firm has aggressively recruited Apple veterans, including former iPhone design lead Tang Tan, while acquiring Jony Ive's design firm for $6.4 billion. This talent acquisition strategy mirrors Apple's own historical playbook, positioning OpenAI to challenge its former employer in consumer hardware markets.