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White House·Statement·about 2 months ago

Trump Orders Chinese-Linked Firm to Divest EMCORE Chip Assets Within 180 Days

Key Points

  • Trump blocks a Chinese-controlled company from owning key EMCORE chip-making assets, citing national security risks.
  • The company must sell off all rights to those chip and wafer design and manufacturing assets within 180 days, unless the government extends it.
  • Until the sale is done, the company can’t share non-public technical details or give outsiders access to the systems, records, or U.S. facilities tied to the assets.
  • The government can inspect records and technology systems and interview employees to make sure the company follows the order, at the company’s expense.
  • Any attempt to dodge the rules—like shifting assets around to get around the sale requirement—is banned, and the Justice Department can enforce it.
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3 articles
Bloomberg Law·about 2 months ago

Trump Blocks HieFo Chip Deal With Emcore, Citing Security

President Donald Trump is blocking HieFo Corp. from acquiring semiconductor-related assets from Emcore Corp. for $2.92 million. The order notes HieFo is controlled by a Chinese citizen and targets the firm's acquisition of digital chips and wafer design businesses, citing national security risks.

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Investing.com·about 2 months ago

Trump blocks HieFo's acquisition of Emcore semiconductor assets

President Trump issued an executive order Friday blocking HieFo Corp. from acquiring semiconductor assets from Emcore Corp. Until divestment is complete, HieFo is prohibited from granting access to non-public technical information or facilities to unauthorized personnel without CFIUS approval.

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The Edge Singapore·about 2 months ago

Trump blocks HieFo chip deal with Emcore, citing Chinese links

The order directs HieFo to divest within 180 days unless CFIUS grants an extension. Treasury officials stated the deal posed risks related to potential access to Emcore's proprietary know-how and the potential diversion of indium phosphide chips away from the United States.

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Source Information

Document Type

White House Statement

Official Title

Regarding the Acquisition of Certain Assets of EMCORE Corporation by HieFo Corporation

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.