Luxshare, a major Chinese supplier to Apple, saw its share price surge by approximately 10% on the Shenzhen Stock Exchange on September 22nd. This surge was reportedly due to foreign media reports that OpenAI had signed a partnership agreement with Luxshare to develop a consumer AI device based on ChatGPT, with a release expected as early as late 2026 or early 2027. Market rumors also circulated that Luxshare was evaluating a secondary listing in Hong Kong this year, signaling the simultaneous acceleration of its AI development and capital investment plans.
OpenAI accelerates hardware deployment to compete with Apple's Siri
OpenAI has reportedly entered into a partnership agreement with Luxshare to jointly develop a proprietary consumer AI device. Sources familiar with the matter revealed that Luxshare has already begun working on a prototype. This device, likely a screenless smart speaker, will feature voice interaction services, directly competing with Apple's Siri. OpenAI's target timeline is the end of 2026 or early 2027.
Luxshare's stock price hits the daily limit, and the market expresses high expectations
Following the news, Luxshare Precision's stock price hit its daily limit on the Shenzhen Stock Exchange on September 22nd, surging approximately 10%, bringing its year-to-date gains to approximately 55%. Given the Shenzhen Stock Exchange's daily price limits, this daily limit-up demonstrates the market's high expectations for this collaboration.
At the same time, the market also heard that Luxshare is evaluating a second listing in Hong Kong this year to prepare for further expansion of international capital financing space.
OpenAI targets the 10 billion yuan smart speaker market and actively recruits talent
OpenAI is actively entering the hardware market, targeting the rapidly growing smart speaker market. Research indicates that the global smart speaker market is expected to reach $19.62 billion in 2025 and $36.48 billion in 2032, demonstrating staggering potential.
To capitalize on this trend, OpenAI hired Tang Tan, a former Apple hardware design executive, to lead its hardware division. It also acquired io Products, founded by former Apple designer Jony Ive, for $6.4 billion. It is also in talks with Chinese supplier Goertek to supply speaker modules. Last November, OpenAI hired the former head of the Meta Orion project to lead its robotics and consumer hardware divisions. It also invested in the robotics startup Physical Intelligence, demonstrating its strong hardware and robotics capabilities.
OpenAI enters hardware market, acquires IO and former Apple team to build AI dream device
The article " OpenAI is rumored to be teaming up with Luxshare to develop a dedicated AI device to capture the multi-billion-yuan smart speaker market" first appeared on ABMedia ABMedia .
