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Trump blocks Emcore deal over Chinese takeover fears
Trump blocks HieFo’s acquisition of Emcore, citing national security risks linked to Chinese control of US tech.
Trump blocks HieFo’s acquisition of Emcore, citing national security risks linked to Chinese control of US tech.
President Donald Trump has blocked the acquisition of US semiconductor company Emcore by HieFo Corp, citing serious national security concerns tied to Chinese control. The decision highlights growing scrutiny over foreign investment in sensitive American technology sectors.
The White House order stated that HieFo is controlled by a Chinese citizen and could pose a threat to US national security. Under the directive, HieFo must fully divest its interests in Emcore within 180 days, reversing the deal that had already taken the company private.
The US Treasury Department confirmed it identified a national security risk during its review. Emcore had previously disclosed that HieFo acquired its chips business for nearly $3 million, with the firm co-founded by a former Emcore executive and another individual with deep ties to the company.
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News
Teenagers among 40 killed in New Year’s Eve bar fire in Switzerland
Tragic New Year’s Eve bar fire in Switzerland kills 40, including teenagers, sparking international mourning and safety debates.
Tragic New Year’s Eve bar fire in Switzerland kills 40, including teenagers, sparking international mourning and safety debates.
Several teenagers were among the 40 people killed in a devastating New Year’s Eve bar fire in Switzerland, turning celebrations into tragedy. Authorities say the blaze ripped through the venue within minutes, leaving dozens dead and many more injured.
Police have now identified 16 additional victims, including 10 Swiss nationals and others from multiple countries, underlining the international impact of the disaster. Families and communities across Europe are mourning those lost.
As investigations continue, many survivors remain in critical condition, with officials warning the death toll could still rise in the coming days. The tragedy has reignited debate over venue safety during large celebrations.
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Trump administration moves to install interim government in Venezuela after Maduro’s fall
U.S. plans interim government in Venezuela to stabilize economy and revive oil industry post-Maduro removal.
U.S. plans interim government in Venezuela to stabilize economy and revive oil industry post-Maduro removal.
The Trump administration is working to establish an interim government in Venezuela following the removal of Nicolás Maduro, signalling a major shift in U.S. involvement in the region. Washington says the goal is to stabilise the country after years of economic collapse and political turmoil.
A key focus of the plan is rebuilding Venezuela’s oil industry, once among the world’s largest, as the U.S. looks to restore production and attract international investment. Officials argue that reviving energy output is essential to economic recovery and regional stability.
However, questions remain over how quickly a transition can be implemented and who will ultimately lead it. The White House has yet to outline the structure or timeline of the proposed government.
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Trump announces U.S. plan to run Venezuela post-strikes
Trump declares U.S. will govern Venezuela post-strikes, promises oil investment and questions opposition leader’s support
Trump declares U.S. will govern Venezuela post-strikes, promises oil investment and questions opposition leader’s support
– Trump announced U.S. governance of Venezuela until a proper transition follows military strikes and Maduro’s capture.
– U.S. oil companies plan to invest billions in Venezuela’s oil infrastructure and share resources with locals.
President Trump announced that the U.S. will govern Venezuela until a “proper” transition occurs.
This statement followed U.S. military strikes against Venezuela and the capture of President Nicolás Maduro.Trump made the announcement during a news conference at his Mar-a-Lago estate.
U.S. oil companies are expected to invest billions in restoring Venezuela’s oil infrastructure. Trump stated that the approach includes extracting wealth from the ground and sharing some resources with Venezuelans.
He commented on Venezuelan opposition leader María Corina Machado, suggesting it would be “very tough” for her to lead. Trump indicated that Machado, who has supported the removal of Maduro, lacks respect and support domestically.
Military Operation
The U.S. conducted a military operation that resulted in the capture of Maduro and his wife, bringing them out of Venezuela aboard the USS Iwo Jima, as reported by Trump.
The operation was coordinated with U.S. law enforcement agencies.
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