Apple supplier Luxshare surges on report of OpenAI hardware deal

Published 23/09/2025, 05:22
© Reuters

Investing.com-- Chinese Apple supplier Luxshare Precision Industry  (SZ:002475) rose sharply on Monday and Tuesday following a report that the company entered a deal with OpenAI to manufacture a consumer artificial intelligence device.

Luxshare rose as much as 10% in Shenzhen trade, extending gains after a 10% bounce on Monday. The stock hit a record high of 67.05 yuan, and vastly outpaced a 1% drop in the Shanghai Composite index. 

Sentiment towards Goertek was also supported by CLSA reiterating its Outperform rating on the stock. 

The Information reported late last week that OpenAI had signed a deal with Luxshare to build a consumer AI device designed to work closely with the startup’s core AI models and ChatGPT. 

The report comes just months after OpenAI purchased hardware startup io Products, which was founded by former Apple Inc (NASDAQ:AAPL) designer Jony Ive, with the sole purpose of shifting into AI-based consumer hardware. 

Luxshare is a major assembler of Apple’s flagship iPhones and AirPods, and is likely to provide advanced insight into consumer electronics.

OpenAI had also approached Chinese Apple supplier Goertek over a deal to supply audio components, the Information report said. Goertek assembles several Apple devices including AirPods, HomePods, and Apple Watches.

Goertek shares fell 5.5% on Tuesday after rallying 7.7% in the prior session. 

Shares of Apple suppliers also took some support from optimism over strong demand for the company’s recently launched iPhone 17 launch. 

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.