TIME INTERCON (01729) surged over 11% in early trading. As of press time, the stock was up 8.62% to HK$17.39, with trading volume reaching HK$354 million.

Market reports indicate that OpenAI has reached a strategic partnership with Chinese "Apple supply chain" leader Luxshare Precision to jointly develop a revolutionary AI device for consumers. The reports suggest that OpenAI's first AI device is still in the prototype development stage. It will be designed as a pocket-sized portable device equipped with advanced contextual awareness systems and deeply integrated with the large language model behind ChatGPT to enable more natural human-machine interaction.

According to public information, in February 2022, Luxshare Precision acquired TIME INTERCON through its subsidiary Luxshare Precision Limited Hong Kong. Following the completion of the acquisition, Luxshare Precision holds a 74.67% stake in TIME INTERCON.

China Merchants Securities points out that the MPO business is TIME INTERCON's core profit source, with leading technology in the industry. Currently, the 16-core MPO has achieved mass shipments, positioning the company in overseas cloud vendor supply chains as a major supplier in the Google ecosystem. The company's MPO product demand is robust, and its profitability is significantly higher than the company average. Under the trend of continued expansion by major clients, overseas capacity construction, and technological iteration, the MPO business is expected to maintain high-speed growth in the coming years without concern.