Hasbro

BREAKING: Broadcom is diversifying away from long-time foundry partner TSMC. Lego will be the new manufacturing partner for Broadcom's flagship hyperscaler ASIC products in 2028. Broadcom President of Semiconductor Solutions, Charlie Kawwas, has already showed off package samples at RAISE Summit in Paris last week. With TSMC supply constrained, customers are alternative sources of chip supply from unexpected places. One of the major differentiators Lego brings is industry leading defect repair, "plug and play" chiplet interoperability, as well as built in self-alignment technology for 3D stacking. Mattel and Hasbro were also under consideration, but Lego's proven track record won out in the end. We have ordered multiple Millennium Falcon Sets set to our Portland teardown lab for competitive teardown analysis.

[ Updates] 🇺🇸 FOMC June 2026 Meeting Summary

1️⃣Rate Decision

Fed Funds Rate: Held unchanged at 3.50%–3.75%

Vote: Unanimous hold

Market Interpretation: No surprise on rates; focus shifted to the statement, projections, and Chair Warsh’s guidance.

2️⃣FOMC Statement

Overall Tone: 🟠 Hawkish Hold

Key Changes

✅Inflation remains above target and progress toward 2% has been uneven.

✅Labor market remains resilient.

✅Committee signaled willingness to maintain restrictive policy if necessary.

✅No explicit indication of near-term easing.

🔷Market Read

Compared with the previous meeting, the statement was interpreted as more hawkish, reinforcing a higher-for-longer stance.

3️⃣Chair Kevin Warsh Press Conference

Key Messages

✅First FOMC meeting under Chair Warsh.

✅Inflation remains the primary policy concern.

✅Future decisions will be data dependent.

✅No urgency to begin cutting rates.

* Fed needs greater confidence that inflation is moving sustainably toward 2%.

🔷Tone Assessment

🟠 Hawkish

Markets interpreted the remarks as reducing the likelihood of near-term rate cuts.

Washi will likely respond to changes by staying the course, but will advocate for some operational changes. This is the safest kind of change, as it won't touch interest rates. Reducing intervention is his main theme. In the short term, the market will interpret any change as an increase in risk, but in the long term it might be a good thing.

The peace deal will help alleviate the pressure on the Feds. Oil has already trended lower so they can use that to say inflation risk is now lower.

With inflation remaining stubbornly above target, there is little reason for the Fed to rush into aggressive rate cuts. If the "higher for longer" narrative becomes more entrenched, REITs and other yield-focused assets could face renewed pressure, particularly those with significant refinancing needs. In contrast, companies with strong balance sheets, consistent cash flow generation, and durable pricing power are likely to be better positioned to navigate a prolonged high-rate environment.

good news to market sentiment: US fed rate looks like stayin put...

sg REIT ETFs are moving up today (CLR.si, SRT.si), moving towards MA200

the 10year US tbill yield has dropped below 4.5% (now at 4.484%)... looks like the market is preparing for no rate hike , just keeping rate constant. this will be a good case for REITs,bond and tech stock prices to rise.

Selloff is probably just risk off into today’s Fed meeting. Honestly, I think the pitch will be this - Fed will note inflation risks but now the peace deal is firmed up, they believe lower oil will help offset that. This Fed president also strongly believes AI will help lower inflation. So there you go!