Luxshare Shares Surge on Report of OpenAI Hardware Deal

Luxshare, a supplier for Apple, saw its shares jump 10% after a report that the Chinese device assembler had signed a deal with OpenAI to produce a consumer AI device. The company is developing a prototype using ChatGPT large language models, with a product resembling a smart speaker without a display potentially launching in late 2026 or early 2027. Luxshare is also considering a secondary listing in Hong Kong this year.