Washington President Donald Trump issued an executive order this week blocking HieFo Corporation's acquisition of Emcore's chip and wafer fabrication assets, citing credible national security concerns identified by the Committee on Foreign Investment in the United States. The order prohibits HieFo, described as controlled by a Chinese national, from holding any interest in the assets and requires divestiture within 180 days. The White House statement did not detail specific risks or identify individuals; Treasury confirmed CFIUS found a national security risk. HieFo and Emcore had not publicly commented by publication as reported. Based on 6 articles reviewed and supporting research.
This 60-second summary was prepared by the JQJO editorial team after reviewing 6 original reports from Social News XYZ, Ommcom News, Market Screener, Free Press Journal, Malay Mail and Brigitte Gabriel.
The U.S. national security establishment and domestic semiconductor and defense firms gained regulatory protection intended to limit foreign control of sensitive technologies.
HieFo Corporation, its controlling Chinese national, and investors in Emcore assets face mandated divestiture and financial disruption.
After reading and researching latest news.... The president issued an executive order prohibiting HieFo’s ownership of Emcore assets, citing credible national security concerns identified by CFIUS and ordering divestiture within 180 days; HieFo and Emcore did not immediately respond. The order invoked Defense Production Act authorities short of Section 721.
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Trump orders divestiture of Emcore assets from HieFo
Social News XYZ Ommcom News Market Screener Free Press Journal Malay MailTrump Cancels Sale of US Chips Business to Chinese Firm Over Security Concerns - Conservative Angle
Brigitte Gabriel
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