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Trump Blocks HieFo’s Deal Over Security Concerns
(MENAFN) US President Donald Trump issued an executive order on Friday preventing HieFo Corp. from acquiring semiconductor-related assets belonging to Emcore Corp., citing national security as the justification.
The order explained that HieFo—a Delaware-registered company—was established and is overseen by a Chinese national. It specifically targets the firm’s intended purchase of Emcore’s assets tied to digital chip technology and related wafer design, manufacturing, and processing operations, according to the White House.
Back in 2024, the two companies announced the completion of a $2.92 million transaction involving Emcore’s New Jersey chip division and its indium phosphide wafer fabrication facilities.
The directive stated that the deal “threatens to impair the national security of the United States," representing the administration’s latest move to restrict Chinese access to advanced semiconductor capabilities.
Under the order, HieFo must divest within 180 days unless the Committee on Foreign Investment in the United States—a federal body that evaluates transactions involving American firms for security risks—approves an extension.
The order explained that HieFo—a Delaware-registered company—was established and is overseen by a Chinese national. It specifically targets the firm’s intended purchase of Emcore’s assets tied to digital chip technology and related wafer design, manufacturing, and processing operations, according to the White House.
Back in 2024, the two companies announced the completion of a $2.92 million transaction involving Emcore’s New Jersey chip division and its indium phosphide wafer fabrication facilities.
The directive stated that the deal “threatens to impair the national security of the United States," representing the administration’s latest move to restrict Chinese access to advanced semiconductor capabilities.
Under the order, HieFo must divest within 180 days unless the Committee on Foreign Investment in the United States—a federal body that evaluates transactions involving American firms for security risks—approves an extension.
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