Trump halts Chinese chip deals over national security concerns
TL;DR Summary
President Donald Trump blocked the $3 million acquisition of Emcore's assets by Chinese-controlled HieFo Corp, citing national security and China-related concerns, and ordered HieFo to divest its interests within 180 days, amid ongoing US-China trade tensions.
- Trump blocks chips deal, cites security, China-related concerns Reuters
- Trump orders Chinese-controlled firm to unwind chip asset deal, citing national security risks CNBC
- Trump orders divestment in chips deal to protect U.S. security interests NBC News
- Trump orders Chinese-linked firm HieFo to divest US chip assets, cites national security South China Morning Post
- Trump blocks chipmaker merger, citing national security risk The Hill
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