Trump Blocks HieFo's Acquisition of Emcore Over Security Concerns
TL;DR Summary
The U.S. President has ordered that Hiefo Corporation, controlled by a Chinese citizen, divest its interests in certain assets of Emcore Corporation due to national security concerns, prohibiting the transaction and requiring divestment within 180 days, with strict oversight and compliance measures enforced by CFIUS.
- REGARDING THE ACQUISITION OF CERTAIN ASSETS OF EMCORE CORPORATION BY HIEFO CORPORATION The White House (.gov)
- Trump blocks chipmaker merger, citing national security risk The Hill
- Trump Blocks HieFo Chip Deal With Emcore Over Security Concerns Bloomberg.com
- Trump Blocks Chip Deal Over China Security Concerns The Wall Street Journal
- President Trump orders divestment in $2.9 million chips deal to protect US security interests Sun Sentinel
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