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BlockBeats News, June 3rd, "Stock God" Serenity published an article interpreting the EU Chip Act 2.0 proposal, believing that it brings a thematic benefit to the EU photonics industry. The new proposal identifies photonics as a structural addition to EU policy, with related wording including "supporting the development of photonic integrated circuits and related technologies," "establishing and enhancing the advanced design, prototyping, and industrial deployment capabilities of photonic integrated circuits," and "expanding the EU's design capabilities in the field of photonics," marking the formal inclusion of photonics in the EU's semiconductor strategy framework. The more specific policy emphasis is on several key application areas: co-packaged optics and interconnect technology for AI data centers (beneficial to SIVE), the use of silicon photonics in high-bandwidth data center interconnects, and manufacturing technologies such as co-packaging and heterogeneous integration of photonic integrated circuits (directly benefiting XFAB). Serenity also pointed out that Soitec and Siltronic, as core European companies in the SOI wafer field, were directly mentioned in the policy impact analysis, while XFAB was listed as part of the current funding framework, further confirming its leading position in the European silicon photonics value chain. It is predicted that as the policy framework takes shape, relevant targets will successively release specific information in the next 3 to 15 months.

BlockBeats News, June 3rd, Federal Reserve's Williams Speaks in Support of Maintaining Interest Rates: Monetary policy is "just right" at the moment, with no need to raise or lower rates. We will closely monitor the latest developments on tariff actions, as the upside risks to inflation have increased. There is no clear direction for future rates, and the forward guidance from the Fed is not deemed particularly helpful. According to CME FedWatch Tool data, the market-implied probability of a rate cut this year has been largely erased, and expectations for a rate hike are rising, with even the possibility of a 75 basis point increase. The probability of the Fed keeping rates unchanged throughout 2026 is 40.9%, the probability of a cumulative 25 basis point cut in rates for the year is only 0.7%, the probability of a cumulative 25 basis point rate hike is 41.6%, the probability of a cumulative 50 basis point rate hike is 14.6%, and the probability of a cumulative 75 basis point rate hike is 0.1%. Furthermore, the probability of a 25 basis point rate cut at the next Fed meeting (June) is 1.7%.

Federal Reserve's Williams: The bond market must draw its own conclusions about monetary policy