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"The Transaction is hereby prohibited," Trump said, ordering HieFo to "divest all interests and rights in the Emcore Assets

Jan 03, 10:09 AM IST 1 min read

President Trump blocked HieFo Corp's $3 million acquisition of Emcore, citing national security concerns linked to its Chinese ownership. The White House order mandates HieFo to divest its interests within 180 days. The Committee on Foreign Investment identified a risk, although specifics were not disclosed. HieFo, co-founded by former Emcore executives, had aimed to enhance its chip business.

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