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Hiefo Corporation

All articles tagged with #hiefo corporation

business12 days ago•2 min saved

Trump halts Chinese-controlled chip deal over national security concerns

President Trump ordered Chinese-controlled HieFo Corporation to divest its $2.9 million acquisition of chip assets from Emcore due to national security concerns, citing risks related to technology transfer and potential impact on U.S. semiconductor supply chains.

via CNBC|

#business #chinese-controlled-firm #chip-assets

government13 days ago•8 min saved

Trump Blocks HieFo's Acquisition of Emcore Over Security Concerns

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.

via The White House (.gov)|

#cfius #divestment #emcore-assets