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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