The Federal Reserve accepted $6.828 bln from 16 counterparties in its fixed-rate reverse repo operation.

AI server, edge AI and high-performance compute demand is forcing power-architecture upgrades and reviving PMIC sector momentum. Tightening mature-process (8‑inch) foundry capacity and recent wafer-foundry price increases are expected to improve IC/PMIC suppliers' pricing power. Selected PMIC vendors reported mixed Jan–May results, but AI power, DDR5 PMICs and fan-motor driver IC demand should help operations reaccelerate in H2. TSMC and Samsung are reconfiguring 8‑inch capacity; limited global 8‑inch supply growth plus rising demand for AI power-management ICs, power components, display drivers and automotive/industrial control is lifting utilization and has prompted some fabs to raise 8‑inch foundry fees, supporting a shift from PMIC cyclical trough toward potential structural recovery.

U.S. official says Washington will lift all sanctions on Iran as planned.