Open AI为何牵手立讯精密

Core Viewpoint - Lixun Precision has signed an agreement with OpenAI to develop consumer-grade devices that will collaborate with OpenAI's AI models, marking a significant strategic shift for the company from being a core supplier in the Apple supply chain to a key player in the AI hardware sector [1][11]. Group 1: Company Overview - Lixun Precision's stock experienced a rare limit-up increase, with a maximum order exceeding 4.6 billion yuan, bringing its total market value to 442 billion yuan [1]. - The company has historically relied heavily on Apple, with revenue from Apple accounting for approximately 75% of total revenue from 2021 to 2023, projected to decrease to around 70% in 2024 [6]. - Lixun Precision's gross margin has been declining, from 18.09% in 2020 to an expected 10.41% in 2024, reflecting increasing costs and reliance on low-margin business [6]. Group 2: Strategic Developments - The partnership with OpenAI is seen as a crucial opportunity for Lixun Precision to diversify its business and explore new growth avenues in the AI sector [3][11]. - Lixun Precision has extensive experience in precision manufacturing and supply chain management, which will be beneficial in the production of AI-related hardware [11]. - The company has initiated a "three five-year plan" to expand into various sectors, including automotive and medical, although results have been limited so far [6][8]. Group 3: Market Context - The global AI industry is transitioning from software to hardware, creating new opportunities for companies like Lixun Precision [3][17]. - The wearable device market is projected to grow significantly, with an estimated market size of $72.1 billion in 2024, expected to reach $431.7 billion by 2034, indicating a strong demand for AI-integrated hardware [17]. - The competitive landscape for AI hardware is intensifying, with many new products entering the market, leading to potential challenges in differentiation and market positioning [19].