News
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
LIVE: U.S. and Israel launch war on Iran
U.S. and Israel escalate conflict with Iran, heightening regional war fears for the second time in eight months.
U.S. and Israel escalate conflict with Iran, heightening regional war fears for the second time in eight months.
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U.S. and Israel strike Iran, escalating war fears and risking wider regional conflict for the second time in eight months
News
Trump claims Iran military neutralised as Strait Of Hormuz tensions surge
Trump claims Iran’s military largely neutralized; tensions rise with attacks threatening air travel and oil shipping.
Trump claims Iran’s military largely neutralized; tensions rise with attacks threatening air travel and oil shipping.
President Trump says Iran’s military capability has been largely neutralised, including its navy and air force, as the conflict in the Middle East intensifies. Iranian attacks have threatened commercial air travel and oil shipping through the Strait of Hormuz, raising fears of wider economic fallout.
The U.S. Embassy in Riyadh has faced two attacks, while Gulf states worked to intercept further Iranian strikes. Officials report six U.S. troops killed and more than 700 deaths inside Iran as the exchange of fire escalates.
With global markets watching closely, the region remains on edge as military and diplomatic tensions show no signs of easing.
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What’s happening in the Middle East?
- Trump says U.S. strikes could last four to five weeks and described the operation as the last best chance to act, while Secretary of State Marco Rubio warns the hardest hits are yet to come
- Six U.S. service members have been killed, additional American forces are being deployed to the region, and the White House says nine Iranian naval ships have been destroyed
- Iran says it sees no limit to its right to self defence and will not negotiate, as missile and drone attacks continue across Israel, Lebanon and Gulf states
- More than 500 Iranians have been killed in U.S. and Israeli strikes, with further deaths reported in Lebanon, Israel and the UAE
- Shipping, aviation and energy markets have been severely disrupted, more than 11,000 flights have been cancelled, Gulf stock markets have closed temporarily, and oil and gas prices have surged amid Strait of Hormuz fears
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