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Hiefo Corp

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Trump halts Chinese chip deals over national security concerns

Originally Published 9 days ago — by Reuters

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.

business world china emcore hiefo-corp national-security trump world

Trump Orders Divestment in Chinese-Linked Chip Deal Over Security Concerns

Originally Published 9 days ago — by NBC News

President Donald Trump ordered HieFo Corp. to divest a $2.9 million computer chips deal with Emcore, citing national security concerns and the company's Chinese citizenship, demanding the technology be sold within 180 days.

business politics chip-deal hiefo-corp politics technology-divestment trump us-security