Kuaishou E-com 'Instant Delivery' Goes Live; TSMC Advanced Foundry Price Hike Rumors Mount | Daily News Recap

0624 ｜Dolphin Research Focus:

🐬 Stocks

1.$KUAISHOU-W(01024.HK)

Kuaishou E-com launched 'Express Next-Day' with a dedicated mall entry, focused on cross-city next-day or two-day delivery. It will not build intra-city hour-level delivery, instead leveraging existing courier networks for an asset-light model with late-delivery compensation and traffic tilt, covering staples like daily goods and food. This plugs the platform’s logistics gap and shifts competition away from pure price wars, using speed labels to lift conversion. Without heavy capex for front warehouses, investment pressure is lighter. It supports a GMV mix shift from impulse live-commerce to repeat shelf purchases, though cross-city next-day cannot replace on-demand retail’s must-have use cases, capping upside to catch-up, not disruption.

2.$ASML(ASML.US)

ASML and Dutch research org TNO will co-build a 6-inch indium phosphide photonic chip pilot line in Eindhoven. ASML will supply DUV and I-line litho tools to support volume, part of the EU Chips Act’s core layout. Photonic chips power AI optical interconnects and CPO switches, and do not require EUV tools, positioning them as next-gen compute transmission hardware. The tie-up strengthens Europe’s end-to-end photonics self-sufficiency and could divert global orders to the region. Near term it supports ASML tool shipments. Over time it may intensify competition for China’s photonics ecosystem, pushing local optical module and silicon photonics players to iterate faster, while the CPO thesis stays intact long term.

3.$LI AUTO-W(02015.HK)

Li Auto unveiled the new L8, shifting from six seats to a native five-seat flagship SUV. The Ultra is RMB 359,800 on a limited-time offer and the Livis version is RMB 419,800, featuring a 5C range-extender battery, rear-wheel steering, zero-gravity seats across the lineup, and 430km EV range. Priced at RMB 429,800, Livis brings dual Mach, 4 LiDARs, and 800V active suspension to a five-seat SUV, directly targeting Aito M7/M8. Li Auto is defending the RMB 300–400k core band by pushing chassis and intelligent driving hardware downmarket. Moving from six to five seats acknowledges L7/L8 internal cannibalization, with L8 positioned as a rear-seat boss-seat model and L7 for family use. With early-bird benefits taking Ultra to RMB 359,800, Q3 deliveries will be key to testing resilience against HarmonyOS Auto’s offensive.

4.$Taiwan Semiconductor(TSM.US)

Per analyst Tim Culpan, TSMC began price hikes earlier this year and notified clients from Jun, expanding from rumored 3nm to 7/5/3nm nodes with a 5–10% increase, impacting nodes that account for ~75% of wafer revenue. The company called it strategic rather than opportunistic. AI/HPC demand has maxed out advanced-node capacity, and LTAs with Nvidia and Apple can absorb hikes, while overseas fab builds and inflation lift costs, giving TSMC clear pricing power. For TSMC, this adds GPM upside; for Nvidia/AMD/Apple, a small BOM uptick can be passed through to end users. For A-share fabless names, the combo of restocking plus wafer price hikes is a sentiment catalyst.

5.$Meta Platforms(META.US)

Meta launched its own-brand Meta Glasses, co-produced with EssilorLuxottica. Three frame styles start at $299, $80 below the prior Ray-Ban co-branded line, featuring multi-cam and Meta AI voice support with over 8 hours of battery life. By moving beyond the Ray-Ban co-brand, Meta is using a lower entry price to open the mass market for lightweight AI glasses and counter Apple’s competing hardware. With an 80%+ share, Meta further cements its leadership and broadens wearable AI monetization channels, benefiting optical EMS and the AR hardware chain. The consumer rollout of spatial computing is set to accelerate.

🐬 Top Gainers by Sector

A-share: Oil & gas storage and transport, life-science tools & services, semis.

HK: Diversified chemicals, life-science tools & services, semis.

US: Drug retailers, healthcare IT, multi-line insurance.

🐬 Watch Tomorrow

1. US May personal spending MoM, US May core PCE price index MoM, US May core PCE price index YoY, US Q1 real GDP annualized (final), US Q1 core PCE price index annualized (final), US Q1 real personal consumption expenditures (final).

Risk disclosure and disclaimer: Dolphin Research disclaimer and general disclosure