Tuya Inc. (TUYA) stock surged 5.08% in Tuesday's trading session, fueled by the company's announcement of a new smart door lock solution that seamlessly integrates with the Matter protocol and Apple's Home Key feature.
This innovative product allows users to add a virtual home key to their Apple Wallet, enabling convenient and secure access to their homes with just a tap of their iPhone or Apple Watch. The smart door lock also supports various unlocking methods, including palm vein recognition, password entry, and app-based unlocking.
Tuya's move to align its smart home solutions with industry-leading ecosystems like Apple's Home Key demonstrates the company's commitment to advancing the global adoption of Matter-enabled devices. Tuya has already earned over 200 Matter certifications across various smart home product categories, showcasing its comprehensive capabilities in this domain.
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