diff --git a/CMakeLists.txt b/CMakeLists.txt
index f230c525..9afa3e45 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -140,7 +140,7 @@ set(IREE_HAL_DRIVER_LOCAL_TASK ON)
 # Enable HAL HIP driver for AMD GPU systems.
 if(FUSILLI_SYSTEMS_AMDGPU)
   set(IREE_HAL_DRIVER_HIP ON)
-  set(IREE_HIP_TEST_TARGET_CHIP "" CACHE STRING "Enable ROCm testing on specific architecture (e.g. gfx942)")
+  set(IREE_ROCM_TEST_TARGET_CHIP "" CACHE STRING "Enable ROCm testing on specific architecture (e.g. gfx942)")
 endif()
 # Enable ASAN build for IREE if ASAN is used in Fusilli
 if(FUSILLI_ENABLE_ASAN)
diff --git a/version.json b/version.json
index d65ed72d..69455620 100644
--- a/version.json
+++ b/version.json
@@ -1,5 +1,5 @@
 {
   "package-version": "0.0.1.dev",
-  "iree-version": "3.12.0rc20260506",
+  "iree-version": "3.12.0rc20260507",
   "therock-version": "7.13.0a20260507"
 }