Trump orders divestiture of Emcore assets from HieFo
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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.
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Timeline
- 1. April 30, 2024: HieFo completes acquisition of Emcore assets.
- 2. 2024–2025: CFIUS reviews the transaction and identifies national security risks.
- 3. Early January (reported Jan 2–3): President issues executive order prohibiting the transaction.
- 4. Order requires HieFo to divest all interests in Emcore assets within 180 days.
- 5. Treasury confirms CFIUS findings; HieFo and Emcore had not publicly commented.
Sources
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