In this articleZE241-CNAAPLZE475-CN your favorite stocksCREATE FREE ACCOUNTIn this photo illustration, the Lux Precision company logo is seen displayed on a smartphone screen.
Sopa Images | Lightrocket | Getty ImagesShenzhen-listed Lux saw its s jump 10% on Monday, ing a report that the Chinese device assembler had signed a deal with OpenAI to duce a consumer AI device.
The company, which is also a supplier for Apple, is already a totype of the device using ChatGPT large language models, The Information reported Friday, citing people familiar with the matter.One source said that one of the ducts OpenAI has talked to suppliers making would resemble a smart speaker without a display, which could put it in competition with Apple devices using Siri, with the company targeting late 2026 or early 2027 for its first device launches.Lux's 10% jump brought its year-to-date gains to 50%.
Most stocks on the Shenzhen Stock Exchange aren't allowed to trade up or down more than 10% in a single day, relative to the previous day's closing price.
The company is also reportedly considering a secondary listing in Hong Kong this year. Lux and OpenAI did not immediately respond to CNBC's requests for .
watch now2:3502:35OpenAI CEO Sam Altman on path to fitability: Willing to run at a loss to focus on growthSquawk BoxOpenAI has long been signaling a desire to push into dedicated AI devices, presenting a potential challenge to Apple and its iPhone.
As part of these plans, The Information reported that OpenAI has been poaching staff from Apple to join its hardware division, now led by ex-Apple executive Tang Tan.Earlier this year, the AI company, headed by Sam Altman, partnered with former Apple designer Jony Ive after buying his hardware startup, io ducts, in a $6.4 billion deal.
Ive is responsible for designing many of Apple's most iconic ducts, including the iPhone, iPad and MacBook Air.An OpenAI partnership with Lux would bring Apple's longtime supplier — responsible for assembling items the AirPods and Vision — into the AI comapny's orbit.The AI company has also apached China-based Goertek, which also assembles AirPods, Pods and Apple Watches, to vide components, including speaker modules, for its planned devices, according to the Information report.OpenAI has been pushing deeper into hardware, hiring the former head of Meta's Orion augmented reality glasses initiative in November to lead its robotics and consumer hardware efforts.In the same month, OpenAI invested in robot startup Physical Intelligence, which focuses on "bringing general-purpose AI into the physical world," according to its website.